Covestro LLC announced that Jerry MacCleary, company president and head of the the polyurethanes business unit in North America, will assume the roles of CEO and chairman of the board beginning Feb. 1.
When MacCleary moves to his new position, current chief operating officer Erik Haakan Jonsson will become president and managing director of the company.
Christine Bryant, currently head of coatings, adhesives and specialties, will become head of polyurethanes in North America when MacCleary takes the new position.
MacCleary joined Covestro (OTC: COVTY), then Bayer, in 1979 as an accountant and has since served in sales, marketing and management roles throughout the United States and Germany, according to a news release.
He led Covestro’s North American business through its separation from Bayer AG and establishment as an independent company in 2015.
Covestro manufactures polymer materials at 30 production sites and employs about 15,600 people. The company’s North American headquarters and a research and development facility is based off the Parkway West, with about 700 employees at its campus.
In May, the company named Markus Steilemann as CEO, to assume the role in September 2018.
By Stacey Federoff
Source: Pittsburgh Business Journal
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.