EMI to expand buying function

16 July 2008
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17 July 2008

EMI is looking to expand its new procurement function as it takes control of fresh areas of spend.

The team is headed by Gareth Thomas, who took up the role of vice-president of global procurement and physical supply chain in April, and sits on the firm's operational board.

And now the music company wants to increase its team as it tackles new areas of spend such as manufacturing, distribution and logistics and marketing spend.

Thomas said he intends to create a "lean" function that can demonstrate the huge value procurement can add to the business. Purchasers will primarily be based in Europe and the US.

EMI previously announced it intends to make savings of £200 million, following its takeover by the private equity firm Terra Firma last year.

And Thomas added the changes in procurement had been smoother because the whole business has now undergone a fundamental change.

SMjul2008

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