MOSCOW (MRC) -- Solvay has announced that it has expanded its Executive Committee with three new members, in line with the Group’s commitment to improve its customer focus with a more diverse team to support its growth strategy, as per the company's press release.
The three new members, effective immediately, are Augusto Di Donfrancesco, who has lead Solvay’s Specialty Polymers Global Business Unit since 2011, Hua Du, who has been head of Special Chem since the GBU’s creation in 2015, and Cecile Tandeau de Marsac, who will also continue to head Human Resources for the Group.
At the same time, Solvay announces that Roger Kearns, a member of the Executive Committee and supervisor of the Advanced Materials segment, has decided to return to the United States having accepted a new position in his home country.
The new Executive Committee consists of Jean-Pierre Clamadieu (CEO), Vincent De Cuyper, Augusto Di Donfrancesco, Hua Du, Karim Hajjar (CFO), Pascal Juery and Cecile Tandeau de Marsac.
As MRC informed previously, in early July 2016, Solvay completed the divestment of its shareholding in Inovyn (London), bringing to an end Solvay's chlorvinyls joint venture with Ineos. Solvay received exit cash proceeds amounting to EUR335 million (USD370.7 million). The dissolution of the jv follows regulatory clearances from the relevant authorities.
Inovyn was formed on 1 July 2015 as a jv between Ineos and SolVin, a subsidiary of Solvay. Solvay and Ineos signaled their decision to end their chlorvinyls jv in March this year.
Solvay is a multi-specialty chemical company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers in diverse global end markets. Its products and solutions are used in planes, cars, smart and medical devices, batteries, in mineral and oil extraction, among many other applications promoting sustainability. Its lightweighting materials enhance cleaner mobility, its formulations optimize the use of resources and its performance chemicals improve air and water quality. Solvay is headquartered in Brussels with around 27,000 employees in 58 countries. Net sales were EUR10.9 billion in 2016, with 90% from activities where Solvay ranks among the world’s top 3 leaders.
MRC