RIC - Refrigeration Industries

Management & Corporate Structure

At the beginning of 2007, RIC Senior Management underwent a comprehensive restructuring program, upgrading all of it�s sectors in the process with the aim of pursuing long-term strategic objectives and to ensure it is meeting it�s customers ongoing needs as well as driving higher profitability levels and providing sustainable value creation for it�s shareholders.

The outcome of this process has been that RIC has strengthened it�s business platforms, achieved technology leadership in the region and increased business efficiency throughout the company.

RIC has adopted a revised management structure in-line with the requirements of the revised group. The COO principle that they have introduced for their top 3 management levels ensure that bottom-line responsibility for all aspects of the business are clearly defined – a basic prerequisite to achieving a lean, efficient and rapid-response organization.

Capitulating on this successful restructuring, 2009-2010 have been years of strategic acceleration for RIC – years where the company has continued to refine the fundamental DNA that defines the company�s operating procedures and policies, and increasing the level of commitment to RIC�s core principles:

Dedication to our Customers, Investment in Innovation, Commitment to Sustainable Development and Engagement of our Workforce.