Prysmian, a leader in energy and data wire and cabling solutions, recently announced changes to its leadership structure in North America to further strengthen the…
Prysmian, a leader in energy and data wire and cabling solutions, recently announced changes to its leadership structure in North America to further strengthen the company’s market position in the region.
2025 marked the best year yet for Prysmian, with global revenues reaching USD$23.08 billion (€20 billion). North America’s net profit exceeded $9 billion, accounting for 40% of the company’s total sales. Over the past two years, Prysmian’s North American footprint has grown through the acquisitions of Encore Wire and Channell, adding over 3,000 employees and expanding the company’s product portfolio. As Prysmian continues its evolution from a cable manufacturer to a solutions provider, these partnerships unlock major energy priorities, including data centers, industry, and the strengthening of the U.S. power grid.
The North American market continues to expand across sectors: power consumption from data centers will jump 175% by 2030 (from 2023 levels), and U.S. power demand is expected to increase up to 3.5 percent annually through 2040, positioning Prysmian as a company poised to meet the cabling and solution demand that comes alongside these increases.
North America’s leadership changes include:
Matt Bedell, SVP of Power Distribution
Bedell will move from his role as Vice President of Specialties to his
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