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
Source: Reuters
The future CEO of thyssenkrupp Uhde, Nadja Håkansson, has held various management positions at Siemens and Siemens Energy and looks back on over 18 years of national and international experience in the areas of supply chain management, operations, sales and corporate management.
Neste and South Korean company Lotte Chemical have partnered on a project to elevate the sustainability profile of chemicals and plastics. The partnership’s ambition is to replace fossil resources with renewable raw materials that offer a lower carbon footprint.
At least the confidence in the chemical sector has been seeing an upward trend and the trade balance is recovering as destocking seems to be coming to an end. Citing projections from the European Central Bank, CEFIC states that the level of inflation is expected to fall from 5.4% in 2023 to 2.3% in 2024.
