Thomas Cassino

Thomas Cassino inquired about Mirion's strategies for securing critical talent, including through M&A, and strengthening supply chains for specialized components like Germanium, to support the large project pipeline.

Answer

Thomas Logan, Founder, Chairman and CEO, Mirion, emphasized talent acquisition through M&A (Sertrek, Paragon) to augment the corporate gene pool and highlighted strong employee retention. For supply chain, he described a conservative approach to critical commodities like precious metals and germanium, involving upfront acquisition and cash-funded customer advances, along with developed heuristics for risk mitigation. Brian Schopfer, EVP, CFO, and Medical Group President, Mirion, added that supply chain initiatives focus on shoring up the base, diversifying suppliers, and optimizing payment terms, beyond just cost reduction.

Thomas Cassino inquired about Mirion's strategies for talent and supply chain resilience, specifically steps taken to secure critical talent (including through M&A) and strengthen supply chains for specialized components like germanium.

Answer

Thomas Logan, Founder, Chairman and CEO, emphasized talent acquisition through recent M&A (Certrec, Paragon) as a key strategic element, augmenting Mirion's capabilities and corporate gene pool. He noted strong historical retention and confidence in current talent. For supply chain, he described a conservative approach to managing risk for precious metals and critical commodities, often acquiring exposure upfront with cash-funded customer advances. Brian Schopfer, EVP, CFO, and Medical Group President, added that ongoing supply chain initiatives focus not just on cost, but also on shoring up the supplier base, finding multiple suppliers, and optimizing payment terms.