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Appointment of Donald Chen as Chief Executive Officer of ARLANXEO

April 11/2019

MOSCOW (MRC) -- ARLANXEO announced the appointment of Donald Chen as new Chief Executive Officer of the leading rubber producer ARLANXEO with effect from May 1, 2019, said the company.

 He succeeds Jorge Nogueira, who is retiring after a career spanning nearly 40 years in the chemical and pharmaceutical industry.

It was written earlier, that in January 2019 Lanxess finished the sale of its remaining 50% stake in the rubber firm Arlanxeo to Saudi Aramco.

The remaining interest of Lanxess in Arlanxeo was transferred to the previous joint venture partner Saudi Aramco. In return, Lanxess received proceeds of around EUR 1.4 bn.

ARLANXEO is a world-leading synthetic rubber company and was established in April 2016 as a joint venture of LANXESS and Saudi Aramco. Since January 1, 2019 ARLANXEO is a wholly-owned subsidiary of Saudi Aramco.
Author:Anna Larionova
Tags:Arlanxeo (Lanxess), Saudi Aramco.
Category:General News
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