MOSCOW (MRC) -- Celanese Corporation, a global technology and specialty materials company, has announced the appointment of Peter Edwards as the company's General Counsel effective end of January 2017, as per the company's press release.
Edwards is a seasoned public company General Counsel with extensive experience working in highly regulated, global organizations. He most recently served as Executive Vice President and General Counsel of Baxalta Inc., a biopharmaceutical spin-off of Baxter International.
Edwards has worked for the multinational pharmaceutical company Eli Lilly and Company, as well as for mid-sized companies such as Solvay Pharmaceuticals and Mallinckrodt (formerly Covidien Pharmaceuticals). Additionally, Edwards has substantial international experience including his role as Executive Vice President and General Counsel for Solvay Pharmaceuticals, when he was based in Brussels, Belgium. During his various roles, Edwards has also acquired significant legal and business expertise in the area of merger and acquisition (M&A) law.
"Peter's breadth of technical legal skills, high business acumen and international experience will be a most valuable addition to Celanese," said Mark Rohr, Celanese Chairman and Chief Executive Officer. "We welcome Peter to his new General Counsel role leading the company's Law Department and I am confident his experience will be instrumental to Celanese as we continue seek opportunities to expand our M&A pipeline, market access and product portfolio."
As MRC wrote earlier, in November 2016, Celanese Corporation announced that it would increase the price of EVA emulsions sold in China. Prices of EVA emulsions, thus, rose by CNY200/MT for China effective November 20, 2016, or as contracts allowed. This price increase affects all applications including, but not limited to, adhesives, paints and coatings, waterproofing, building and construction, carpet and paper. That increase was attributed to the continued pressures on raw materials, notably ethylene and vinyl acetate monomer (VAM).
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Based in Dallas, Celanese employs approximately 7,000 employees worldwide and had 2015 net sales of USD5.7 billion.
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