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Trinseo CEO Christopher Pappas to retire In 2019

December 14/2018

MOSCOW (MRC) -- Trinseo S.A., a manufacturer of plastics, latex binders and synthetic rubber, said Tuesday that Christopher Pappas, President and Chief Executive Officer, has announced his plans to retire in 2019, as per the company's press release.

Trinseo's Board of Directors is engaged in ongoing succession planning and intends to name a successor soon. Pappas plans to help support a smooth and seamless transition to the company's next CEO.

Pappas said, "I am extremely proud of all that we have accomplished at Trinseo in the last eight years - from the Company's formation in 2010 via spin-off from Dow Chemical, through its ownership by private equity with Bain Capital Partners, to an initial public offering and listing on the NYSE in 2014, followed by further expansion through acquisition and market-driven growth."

Pappas has had a 40-plus year distinguished career in the chemicals and plastics industry. In his role as Trinseo's President and CEO, he led the company's formation and global growth.

Pappas started his career at Dow Chemical Company, and later moved to senior leadership roles at DuPont Dow Elastomers LLC, and NOVA Chemicals Corporation where he held roles including Chief Operating Officer and President and CEO.

He was named to lead Trinseo, formerly known as Styron, in March 2010, and assumed the role in June 2010 upon the sale of Trinseo from Dow to Bain Capital Partners. Pappas also serves on the Board of Directors for FirstEnergy Corp. and Univar Inc.

As MRC wrote before, Trinseo has announced price decrease for all polystyrene (PS) grades in December. Effective December 1, 2018, or as existing contract terms allow, the contract and spot prices for the products listed below went down as follows:

     - STYRON general purpose polystyrene grades (GPPS) - by EUR120 per metric ton;
     - STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) - by EUR120 per metric ton.

Trinseo is a global materials company and manufacturer of plastics, latex and rubber. Trinseo's technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Formerly known as Styron, Trinseo completed its renaming process in 1Q 2015. Trinseo had approximately USD4.4 billion in net sales in 2017, with 16 manufacturing sites around the world, and approximately 2,200 employees.


mrcplast.com
Author:Margaret Volkova
Tags:Europe, PS, GPPS, HIPS, Dow, DuPont, Nova Chemicals, Trinseo (Styron).
Category:General News
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