Borealis CEO Mark Garrett has decided to leave the company “to pursue a new career path,” the company says. The Borealis supervisory board says it “regrets but accepts this decision” and has appointed Alfred Stern to succeed Garrett as CEO, effective 2 July.
Stern is currently executive vice president/polyolefin business and innovation at Borealis. He joined the company in 2008 and earlier worked at the former DuPont. Stern jointed the Borealis board in 2012.
By Ian Young
Corteva (Indianapolis, Indiana) says it has signed a definitive agreement to acquire Stoller Group (Houston, Texas), a producer of biostimulants and plant nutrition products, for $1.2 billion. Stoller is one of the largest independent biologicals companies globally, with operations in more than 60 countries and more than $400 million in annual sales.
OMV has announced its new corporate structure today, designed to fully enable the delivery of Strategy 2030. The new organization will be built on five distinct areas. In addition to the CEO and CFO areas, three business segments will be established: Chemicals & Materials, Fuels & Feedstock, and Energy.
The European petchem sector is readying for some tough quarters. It’s a different picture in the US. So is this the best time ever to find a new role in the chemical industry? If you are in Europe, you would expect me to say probably not. But actually, it depends. So let me give you four answers to this question.