Management Strategy Nova Chemicals Appoints New CEO

Editor: Ahlam Rais

Luis Sierra has recently been appointed as President and Chief Executive Officer of Nova Chemicals Corporation. He will take charge from August 1, 2020 and will succeed Todd Karran who is retiring from the company.

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Luis Sierra, President and Chief Executive Officer of Nova Chemicals Corporation.
Luis Sierra, President and Chief Executive Officer of Nova Chemicals Corporation.
(Source: Nova Chemicals)

Pennsylvania/USA – Nova Chemicals Corporation has recently announced that the company’s Board of Directors has appointed Luis Sierra as President and Chief Executive Officer effective August 1, 2020. He will succeed Todd Karran, who previously announced his retirement.

“We are delighted to welcome Luis Sierra to Nova Chemicals. He brings a wealth of knowledge and experience from a strong and successful career with BP. Over the last 10 years, Nova Chemicals has grown substantially to become a leading player in the North American petrochemicals market. The board believes that Todd’s retirement provides the opportunity to introduce new leadership with the external perspective and renewed impetus required to drive the next phase of the company’s development.”

“We look forward to working with Luis and his team in successfully tackling the challenges presented by the current economic situation, and also embracing greater circularity in the petrochemicals sector,” said Musabbeh Al Kaabi, Chairman of the Board of Directors. Luis Sierra joins Nova Chemicals after a distinguished 30-year career at BP, where most recently he was CEO of BP’s aromatic chemicals business , leading a successful global petrochemicals business with operations in the United States, China, Belgium, Indonesia and Taiwan.

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Commenting on his appointment, Luis said, “It’s an honor to assume leadership of such an outstanding organisation and I appreciate the confidence the Chairman and the Board have placed in me. Nova Chemicals has a rich, proud history with a strong foundation and a bright future. I’m incredibly excited to work alongside our employees, customers, suppliers, governments and local community leaders to help shape a world where the plastic products vital to our lives are even better tomorrow than they are today.”