Word: jouvenal
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...match was planned for more than a year by Pierre Jouven, Pechiney's chief, and Pierre Grézel, who was the head of Ugine Kuhlmann. The companies had already been jointly marketing aluminum, leading one officer to remark: "Pechiney has been in concubinage with Ugine Kuhlmann for years. They're just finally getting married." This week Jouven, 63, whose immediate job is to weld the two management teams into a balanced international organization, will become chairman of the combine, and 70-year-old Grézel will retire...
...maker, Pechiney, but substantial minority interests are held by Shipping Magnate Stavros Niarchos (21%), the U.S.'s Reynolds Metals (17%) and the Greek government (12%). Pechiney put up half the capital, has nine men on the 18-member board of directors, among them its own director-general, Pierre Jouven, who is chairman of the new company. What drew Pechiney to Greece, aside from the plentiful bauxite? Cheap labor, one of the Mediterranean's deepest harbors at Antikyra, and the Greek government's promise to supply low-cost electricity...
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