News
News | 2 min read
Brink’s Co. makes major organizational changes
December 3, 2014
News | 2 min read
December 3, 2014
The Brink’s Co., which has seen a recent decline in quarterly profits, said Tuesday that it is making organizational changes designed to accelerate the execution of its strategy and ensure the achievement of 2015 and 2016 financial targets.
The Henrico County-based global secure transportation and logistics company said the organizational changes include having four geographic segments that will be replaced by two operating segments. As part of the consolidation of operating segments, most of the senior roles and structures within the four former geographic segments will be eliminated.
The consolidation of operating segments is expected to generate cost savings of $10 million to $15 million in 2015.
Brink’s also plans to make all of the country-based support functions, including information technology, human resources, finance, legal and procurement, to be centralized.
The company also made changes to its leadership ranks:
Copyright Richmond Times-Dispatch. Used by Permission.