Brazil’s Braskem SA nominated the company’s current president overseeing United States and Europe operations Fernando Musa as the new global CEO, replacing Carlos Fadigas, the company announced May 2.
Braskem tied the transition to the start of operations of its $5 billion Mexican petrochemical complex Ethylene XXI in March, marking “the completion of an important stage in the company’s internationalization process,” the company said via press statement.
Musa’s nomination still has to be approved by the company’s board of directors. Fadigas, who led the company for the last five years, will continue to work in Odebrecht, Braskem’s largest shareholder. He’ll focus specifically on supporting Braskem’s new cycle of international expansion, according to a company statement.
Odebrecht’s former CEO Marcelo Odebrecht is in prison, accused of involvement in a corruption scheme at state-run oil and energy firm Petroleo Brasileiro SA, or Petrobras.
Braskem said Musa’s priorities will be to advance international expansion, strengthen competitiveness across all operations and identify new investment opportunities in Brazil and abroad, while upholding the company’s commitment to its financial health.
By Anna Flavia Rochas
Source: Plastics News
Lin will become the company’s Chief Transformation and Talent Officer. She will be responsible for Human Resources, Strategy and Business Consulting and drive the accelerated transformation of Bayer.
Johnson Matthey plc (JM; London) has confirmed that its battery cathode materials plant in Konin, Poland, will be powered solely by electricity from renewable sources from day one of production.
Britain’s Oxford University has received a donation of £100 million (112 million euros, $136 million) to research growing resistance to antibiotics, the university announced on Tuesday. The sum, from British chemicals multinational Ineos, is one of the largest donations given to Oxford University in its long history.
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