People on the Move New Hires in the Executive Suites of the Process Industry

Editor: MA Alexander Stark

New executives take the helm at Exxon Mobil, Eastman, Huntsman, Nova Chemicals, and other major players in the process industry. PROCESS worldwide summarizes the latest management news for you.

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A number of companies in the process industry are starting the summer with new appointments in management.
A number of companies in the process industry are starting the summer with new appointments in management.
(Source: gemeinfrei / Pixabay )

Würzburg/Germany — At its 2021 Annual General Meeting, Exxon Mobil announced the results of the elections of directors. Accordingly, the group's board will consist of Michael Angelakis, Susan Avery, Angela Braly, Ursula Burns, Kenneth Frazier, Gregory Goff, Kaisa Hietala, Joseph Hooley, Steve Kandarian, Alexander Karsner, Jeffrey Ubben and Darren Woods hen. Douglas Oberhelman, Sam Palmisano and Wan Zulkiflee will retire from the board.

New Managing Director at Pari Pharma

On July 1, 2021, Dr. Stefan Seemann will take over the management of Pari Pharma. He succeeds Dr. Martin Knoch. After more than 30 years, during which the eFlow technology was developed under his leadership to market maturity and to today's seven commercial products in North America, Europe and Japan, Knoch will retire on June 30, 2021. His successor, Dr. Stefan Seemann, holds a doctorate in chemistry and joined Pari Pharma in 2000 after several years at Boehringer Ingelheim in the areas of production and development. There he held various management positions and was most recently responsible for the development and production of the eFlow membrane nebulizer business as Vice President eFlow Development & Operations.

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Corteva Chief Executive Officer to Retire at the End of the Year

Agrochemical company Corteva announced that James (Jim) C. Collins, Jr, chief executive officer, will retire Dec. 31, 2021. He was with Corteva and its predecessor company, Dupont, for more than 37 years. Collins plans to continue in his role as CEO while an external search for his successor is underway

“Over the past several years, Jim guided the creation and launch of Corteva as a leading, independent global agriculture company and he will leave the company on a very strong footing,” said Greg Page, Independent Chairman of Corteva.

Collins was previously Chief Operating Officer for the Agriculture Division of Dow Dupont. Prior to the Dow Dupont merger, he was an Executive Vice President for DuPont responsible for the Agriculture segments, which included Dupont Crop Protection and Pioneer.

Starting with the announcement of the Dow Dupont merger, Collins led the integration of legacy DuPont and Dow agricultural businesses to drive readiness for the ultimate spin of Corteva — a new leading pure-play agriculture company — which successfully separated from Dow Dupont on June 1, 2019. During this time-period, strategic initiatives included launching 14 new products from the innovation pipeline, implementing a multi-channel, multi-brand growth strategy, and making significant progress toward a best-in-class cost structure.

Collins joined Dupont in 1984 and has since served in key leadership roles across several Dupont businesses. His work in the Agriculture segment began over 35 years ago. Prior to leading the Agriculture segment, he led two other large Dupont business segments, Performance Materials and Electronics & Communications.

Collins currently serves on the board of directors for Crop Life International and Longwood Gardens, and is a Champion of the Crop Trust's Food Forever Initiative. A supporter of youth education and leadership development, Collins also serves on the National 4‑H Council Board and University of Tennessee Lone Oaks Farm Advisory Council. He has also been awarded an honorary American FFA Degree for his efforts to promote agriculture education with youth in the United States.

Collins is also a member of the Business Round Table, serving in the Special Committee on Equity and Racial Justice, Climate Policy and Trade Committees.

PROCESS Insights 2020-05
Challenges for EPC Contractors

With an influx of largescale petrochemical construction projects, EPC Contractors will have to be confronted with challenges such as finding enough capacity and quality of construction manpower, delayed permits etc. which require an EPC strategy to stay competitive in this ever-growing market.

This 12-page Process Insight will discuss the current changes in the EPC business and the impact of these changes on EPC projects. Besides the effect of the Coronavirus as well as the current oil price crash on the contracting industry will also be analyzed and an outlook for the industry will be given.

Wolfram Krenn Appointed Borealis' Executive Vice President Base Chemicals & Operations

The Supervisory Board of Borealis has appointed Wolfram Krenn as Executive Vice President Base Chemicals & Operations and member of the Executive Board effective July 1, 2021. He succeeds Martijn van Koten, who has been appointed as OMV Executive Board Member for Refining.

Krenn looks back on a long career at OMV. He joined the company in 1998 as a process engineer, then moved to production and operations, and in 2014 joined OMV Petrom as head of the Petrobrazi refinery, Romania. In 2018, Wolfram Krenn became Senior Vice President Site Management Schwechat before assuming his current role as Senior Vice President Refining Assets in 2019.

Eastman Announces Top Management Changes

Mark K. Cox, currently senior vice president, chief manufacturing, supply chain, and engineering officer at Eastman, has decided to retire. He will continue as Senior Vice President, Chief Manufacturing and Engineering Officer until his retirement in 2022.

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Chief Technology & Sustainability Officer Stephen G. Crawford, currently senior vice president, has been named executive vice president. In addition to his technology and sustainability responsibilities, Crawford will lead manufacturing and global engineering and construction upon Cox's retirement in 2022. He and Cox are expected to work closely to ensure an orderly transition.

Eastman also announced the reappointments of Julie A. McAlindon and Dr. Christopher M. Killian to the executive team. McAlindon, who was chief procurement officer and vice president, transformation, is now senior vice president, supply chain, regions and transformation. Dr. Killian now serves as senior vice president and chief technology officer. He most recently served as vice president, Additives & Functional Products, Chemical Intermediates and Corporate Technology. McAlindon joined Eastman in 2016, bringing more than 25 years of marketing, sales and corporate leadership experience.

PROCESS Insights 2020-06
Economic Evaluation of Petrochemical Projects after Corona

In the post Corona time and due to the oil price crash, the economics of large petrochemical projects has changed significantly, which made it necessary to reevaluate the planned projects. When evaluating the economics of a large project such as a cracker-based polymer complex, many factors have to be considered and have to be tested in different scenarios.

In this paper, our expert will provide you with a simple model and method for the economics evaluation of petrochemical projects and will explain possible scenarios.

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Phil Lister Named CFO, Huntsman Announces

Effective July 1, 2021, Huntsman has announced the appointment of Phil Lister as executive vice president and chief financial officer. He will succeed longtime company veteran Sean Douglas. Lister will report to Huntsman Chairman, President and CEO Peter Huntsman and will oversee the company's accounting, financial reporting, financial planning and analysis, corporate development, information technology, internal audit, investor relations, tax and treasury functions.

Lister has spent his entire career at Huntsman or its predecessors. He started in the polyurethanes division of Imperial Chemical Industries, which the group acquired in 1999. He brings to this new role 25 years of experience and an extensive background in financial planning and operations, corporate governance and strategic development at both the divisional and corporate levels, most recently in his current role as vice president of corporate development. As VP, Corporate Development, Lister successfully completed a series of acquisitions and divestitures that were critical to the execution of the company's key strategic initiatives.

PROCESS Insights 2020-01
Current Challenges for Polyethylene Market and Projects

Polyethylene is one of the most widely used plastic resins in the world, accounting for over 1/3rd of the global plastics market.

While the market has been growing in the past, it is now experiencing a reduction in price that can be traced back to several factors including trade disputes, bans on single use plastics as well as overproduction. These factors are further exacerbated by the recent outbreak of COVID-19, which has an effect on the global economy.

This 11-page Expert Insight further explores reasons for the decline as well as possible strategies to mitigate these problems.

Avik Dey Joins Nova Chemicals as SVP and Chief Financial Officer

Avik Dey has been appointed senior vice president and chief financial officer of Nova Chemicals, effective June 15. Dey succeeds Julie Beck, who will transition to the role of Special Advisor to the Chief Executive Officer. Dey will be responsible for the company's finance, strategy, information technology and government relations functions, reporting to Luis Sierra, president and CEO. He will be a member of the Senior Executive Committee and will be based in Calgary, Canada.

Dey joins the company from the Canadian Pension Plan Investment Board (CPPIB), where he most recently served as Managing Director, Head of Energy & Resources. During his time at CPPIB, Dey held numerous board seats and led the strategy to build the portfolio of one of the world's leading private investors focused on the energy transition. He has held senior finance, accounting and controlling positions in the energy, investment management and professional sports sectors in Canada and the United States.

Dey currently serves as a director of Enactus Canada. Most recently, he has served on the boards of Calpine Corporation, Seven Generations Energy and Wolf Midstream, and chaired the boards of Teine Energy and Crestone Peak Resources. Dey was named to Canada's Top 40 Under 40 in 2017 and holds a Bachelor of Commerce degree from the University of Calgary.

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PPG Appoints Interim Chief Executive Officer of Tikkurila

PPG announced that Markus Melkko has been appointed interim Chief Executive Officer (CEO) of Tikkurila Oyj, effective immediately, in addition to his current responsibilities as the company's Chief Financial Officer (CFO).

Following the completion of PPG's acquisition of Tikkurila on June 10, 2021, Elisa Markula has informed Tikkurila's Board of Directors of her decision to step down as President and CEO of Tikkurila to take a CEO role in another company in a different industry sector. Her retirement will take effect on a date to be announced, and she will remain with Tikkurila until then to ensure a smooth transition. Melkko joined Tikkurila in 2019 and has served as CFO and member of the leadership team.

B.M.P. Pharma Trading with New Head of Board

The Management Board of B.M.P. Pharma Trading has been restructured. Effective June 17, 2021, the previous Chairman of the Board of Management, Bernd Michael Jörss, will leave the company. The new overall Management Board member is Henning A. Nau.

After more than 20 successful years as Chairman of the company's Executive Board, Jörss intends to devote himself to new personal tasks outside the company. On behalf of the company, the Supervisory Board thanked Bernd Michael Jörss very much for his contribution to the development of the company in recent years. Especially after the challenging last years, he leaves a consolidated and stable company.