ICL has announced that its Board of Directors appointed Mr. Asher Grinbaum as Interim CEO of the company, effective immediately. Mr. Grinbaum’s appointment follows the resignation of Mr. Stefan Borgas as CEO and member of ICL’s Board of Directors.
Until recently, Mr. Grinbaum served as Executive Vice President and as the Chief Operating Officer (COO) of the company. Mr. Grinbaum will act as Interim CEO until a permanent CEO is appointed.
Mr. Grinbaum, a resident of Israel’s Negev region, has worked at ICL for over 40 years, during which time he has held a number of senior management positions.
Mr. Grinbaum began his employment as an engineer at ICL’s Bromine Compounds unit, and since then he has held a variety of management positions, including CEO of ICL Fertilizers from 2004 to 2007, and, prior thereto, CEO of ICL Industrial Products.
Mr. Grinbaum holds a BA in mechanical engineering and an MBA from Ben Gurion University.
INEOS Styrolution, the global leader in styrenics, has today announced the official opening of a new world-scale ABS facility located in Ningbo, China, together with its joint venture partner SINOPEC. The facility has an annual nameplate capacity of 600,000 tonnes.
The merger of Röhm’s Acrylic Products business unit and SABIC’s Functional Forms business has resulted in the formation of Polyvantis. This new company will offer extruded products in the forms film, sheet, pipe and rod for markets that include building and construction, transportation and aviation, electrical and electronics, automotive and home and garden.
Abu Dhabi National Oil Co. (Adnoc) is considering plans to acquire upstream oil and gas company Wintershall DEA, an affiliate of BASF SE, according to a Bloomberg report citing people with knowledge of the matter. A deal to acquire Wintershall DEA could be worth more than €10 billion, the report said. BASF and Adnoc declined to comment on the report.