Israel Chemicals (ICL) said on Sunday its chairman Nir Gilad will be retiring in the next few months following an appointment of a new chairman.
Gilad has been chairman of ICL, one of the three largest suppliers of the crop nutrient potash to China, India and Europe, since January 2008.
Details of the retirement and timing will be subsequently published, ICL said in a statement to the Tel Aviv Stock Exchange.
By Steven Scheer
3M and Dow have announced they are cutting thousands of roles from their global workforces in response to economic pressures. Dow has said it will cut 2,000 jobs across its global workforce (around 5%) in a bid to save US$1bn in 2023. The company says it will also cut costs by shutting down “select assets”, though it did not note where it would halt operations.
Sweden’s state mining firm has discovered what could be Europe’s largest rare earths deposit, and says it could help the bloc reduce its reliance on imports of minerals needed to manufacture clean technologies and meet climate targets.
Henkel and Avantium have been partners since 2019, when Henkel joined the PEFerence consortium. This consortium of partners, coordinated by Avantium, aims to establish an innovative supply chain for FDCA and PEF (polyethylene furanoate).