MOSCOW (MRC) -- PQ Group Holdings Inc., a leading integrated and innovative global provider of specialty catalysts, chemicals and services, has announced that executive vice president and CFO Michael Crews plans to retire in September 2021 and he will be replaced by Michael Feehan, vice president of finance and treasurer, said the company.
"With the completed divestiture of PQ’s Performance Materials business and the recently announced agreement to sell our Performance Chemicals segment, it is a logical time for me to step back," said Mr. Crews. "I am proud of our financial performance and numerous other accomplishments that have occurred during my past five years at PQ, including our IPO, continuing debt reduction and capital returned to stockholders through a special dividend."
Feehan joined PQ in December 2006 and has served as vice president of finance and treasurer since May 2016.
Separately, the company announced earlier this month that Tom Schneberger, who has served as vice president, strategy and business development, since December 2019, will serve as president, catalysts. With Schneberger’s new assignment, Raymond Kolberg, who has served as president, catalysts, will become vice president - technology & business development.
As MRC reported earlier, in December 2019, PQ Group Holdings Inc. announced an agreement with INEOS Polyolefin Catalysts to commercialize certain polyethylene (PE) catalysts to customers of selected processes.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 241,030 tonnes in January 2021 versus 217,890 tonnes a year earlier. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased.
PQ Group Holdings Inc. is a leading integrated and innovative global provider of specialty catalysts, chemicals and services. We support customers globally through our strategically located network of manufacturing facilities. The company has three uniquely positioned specialty businesses: Refining Services provides sulfuric acid recycling to the North American refining industry; Catalysts serves the packaging and engineering plastics and the global refining, petrochemical and emissions control industries; and Performance Chemicals supplies diverse product end uses, including personal and industrial cleaning products, fuel efficient tires, surface coatings, and food and beverage products.
MRC