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PEOPLE/EXECUTIVES

Codexis appoints new CFO

7:20 AM MDT | July 29, 2014 | Deepti Ramesh

Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, says that Gordon Sangster has agreed to join Codexis as senior v.p. and CFO. Sangster will succeed David O’Toole, who resigned on 3 July...


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BP names replacement for chief executive/downstream

BP has announced that Iain Conn, group managing director and chief executive/downstream, is leaving the company and is to step down from BP’s board by the end of the year. Conn has been with BP for 29 years, serving on the board for the past 10 and...

Compass Minerals reports loss on weak salt

Compass Minerals today reported its second-quarter results, posting a loss of $700,000 in earnings, down from a $10.6-million gain year-on-year (YOY). An earnings per share loss of 2 cts/share was far below analyst estimates of 27 cts/share, according to...

Sensient earnings drop on restructuring charges

Sensient Technologies (Milwaukee) says that net income for the quarter fell 10% year-on-year (YOY) because of $13 million in restructuring costs. The company says that adjusted operating income increased by 11%, to$61.2 million. Sales were down 1% YOY, to $374.7 million. Reported adjusted earnings 81 cts/share rose 10% YOY and were above analyst estimates of 79 cts/share, according to Thomson Reuters (New York)....

ACC global production index flat for second month

ACC today released its global chemical regional production index, showing a flat measurement over June for the second month in a row on a three-month moving average basis (3MMA)—indicating stalled growth in the second quarter, with activity slightly up...

Airgas earnings up 5%

Airgas today reported fiscal first-quarter 2015 net earnings of $88.9 million, up 5% year-on-year (YOY), on sales up 3% YOY, to $1.3 billion. Sales growth can be attributed to increases in organic sales within the gas and rent, hardgoods, and distribution...

PotashCorp earnings down YOY, but above guidance

PotashCorp reported its second quarter results today—showing strong segment results, though, overall trailing behind the same quarter 2013. Net income dropped 26% YOY, to $472 million with earnings per share of 56 cts/share rising above analyst...

Linde to supply gases to Texas welding distributor

Linde announced today that it has signed a contract to supply liquid oxygen, nitrogen and argon to Conroe Welding Supply (Conroe, TX)—an independent distributor that serves the East Texas market. “We’re excited to have Conroe Welding Supply...

New Air Products CEO says emphasis on cash and capital allocation to guide strategy

Air Products chairman and CEO Seifi Ghasemi, who took the helm of the company on 1 July, says that a focus cash generation and improved capital allocation will drive company strategy....

Mosaic to permanently halt MOP production at New Mexico facility

Mosaic says it plans to permanently discontinue production of muriate of potash (MOP) at its Carlsbad, NM facility. The final date of production is expected to be 31 December, according to regulatory filings. “The decision is based on the quality of the...

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