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SIBUR announces new appointments to management team

September 30/2020

MOSCOW (MRC) -- SIBUR announces senior appointments aimed at developing the Company's management and strengthening the executive team in key business areas, said the company.

Pavel Lyakhovich, ex-Head of Plastics, Elastomers and Organic Synthesis Division, has been appointed Head of Basic Polymers Division. Mr Lyakhovich will continue to supervise BIAXPLEN, SIBUR Holdings subsidiary specialising in BOPP film production, as well as lead polymer recycling projects and oversee the implementation of the New Operating Model. Seeking to upgrade the Companys organisational structure, business processes, employees powers and competencies, as well as corporate culture, the New Operating Model will help align SIBURs development efforts with the best global practices.

Alexander Petrov, former Managing Director for Economics and Finance, will take over the reins of the Plastics, Elastomers and Organic Synthesis Division. Mr Petrov will also oversee SIBURs procurement activities.
 Peter O'Brien, an independent director and Chair of the Audit Committee since 2018, will join SIBURs management team as Managing Director for Economics and Finance.

As Executive Director, Sergey Komyshan will continue to oversee the expanding petrochemical business and will be responsible for marketing, sales, business innovation and development.

Dmitry Konov, Chairman of the Management Board at SIBUR Holding: "Changes to SIBUR's management team are in line with the senior leadership rotation programme. The ramp-up of ZapSibNeftekhim to design capacity, the launch of Amur GCC, the Company's new flagship project and a number of other polymer initiatives are the key drivers behind the long-term business growth and higher resilience of SIBUR. This is the reason why we decided to strengthen the petrochemical line by appointing Sergey Komyshan as its head. We are confident that the rotation contributes to expanding the expertise of our key managers, improving the Company's operational efficiency. Pavel Lyakhovich and Alexander Petrov have the necessary leadership skills, experience, and understanding of the Company to take our petrochemical business to a whole new level. In his new role, Mr Petrov will make use of his expert knowledge to facilitate synergies between the production and operations, on the one hand, and finance, on the other hand.

As SIBURs director, Peter O'Brien has a good understanding of our business and development strategy. Having held senior positions at leading international and Russian industrial and financial companies, Mr O'Brien has gained a wealth of expertise that will be invaluable given the globalisation of SIBURs operations."

As it was written earlier, a construction site in the Amur Region saw the sinking of the first test pile in the foundation of Amur Gas Chemical Complex, a facility set to become one of the worlds largest and most advanced basic polymer producers. The Amur GCC project envisages construction of a basic polymer production facility with a total capacity of 2.7 mtpa (2.3 mtpa of polyethylene and 400 ktpa of polypropylene). The facility will feature a unique and the world's largest cracking unit for the first-stage processing of incoming feedstock.

SIBUR is the leader of the Russian petrochemical industry and one of the largest companies globally in this sector, with more than 23,000 employees. The Companys unique vertically integrated business model allows it to create highly competitive products consumed in the chemical, fast moving consumer goods (FMCG), automotive, construction, energy and other industries in 80 countries worldwide.
Author:Anna Larionova
Tags:petroleum products, PP, PE, neftegaz, petrochemistry, Amurskiy GHK, ZapSibNeftekhim, Sibur Tobolsk, Sibur Holding.
Category:General News
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