IHS Chemical Week
PEOPLE/EXECUTIVES

K+S reduces size of executive board, extends contracts of chairman and CFO

8:05 AM MDT | August 20, 2014 | Natasha Alperowicz

Potash and magnesium products producer K+S (Kassel, Germany) has announced the extension of the contract of Norbert Steiner, chairman, until May 2017. His contract was scheduled to expire in May 2015. The supervisory board has, at the same time, extended the...


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Flavors and fragrances firm Firmenich appoints new CEO

Firmenich (Geneva), the world's largest privately owned flavors and fragrances firm, has appointed Gilbert Ghostine as its new CEO, effective 1 October. Ghostine was most recently president/Asia/Pacific at Diageo, the world's leading premium drinks company...

Solvay's Clamadieu to be next president of Cefic

CW has learned that Jean-Pierre Clamadieu, CEO of Solvay, will be elected as the next president of Cefic on 17 October at the Cefic General Assembly at Paris. Clamadieu will succeed Kurt Bock, chairman of BASF, for a two-year term.   Clamadieu already...

Westlake Chemical Partners appoints new board members

Westlake Chemical Partners has elected Gary Adams and Max Lukens to its board of directors. Adams in 1997 became president of consulting group CMAI and led its global operations. In 2011, he joined IHS when the company acquired CMAI. Adams became the chief...

Quaker acquires specialty grease maker

Quaker Chemical announced today that it has acquired specialty grease manufacturer ECLI Products (Aurora, IL) for $52 million. ECLI, with estimated 2014 Ebitda of $7 million, specializes in greases for original equipment manufacturing first-fill customers...

Mosaic announces several senior leadership appointments

Mosaic announced today that its board of directors has named Mark Isaacson v.p., general counsel, and corporate secretary, as well as part of the senior leadership team. Isaacson has held the role on an acting basis since May, when Richard Mack was named the...

Lanxess expands plastics production in North Carolina

Lanxess announced today that it is expanding its Gastonia, NC, compounding facility for high-tech plastics by adding a second production line. The company will invest about $15 million to double the existing capacity, from 20,000 m.t./year to 40,000...

Valspar results up on strength in coatings

Valspar says that net income for the quarter ended 25 July was $97.8 million, up 4% year-on-year (YOY). Reported earnings of $1.14/share dipped slightly below analyst estimates of $1.16/share, according to Thomson Reuters (New York). Sales of $1.2 billion...

BP's Cooper River PTA unit suffers fire

BP says that a fire has resulted in the shutdown of one of its one of the purified terephthalic acid (PTA) production units at its Cooper River site in Charleston, SC. The fire was extinguished quickly and no one was hurt during the incident, a BP...

Lanxess board member leaving

Werner Breuers, board member of Lanxess responsible for performance polymers and advanced intermediates, will leave the company at his own request after his contract ends on 31 May 2015 to pursue new challenges, the company has announced. Breuers leaves the...

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