(BUSINESS WIRE) – MPM Holdings Inc. today announced that Jeffrey M. Nodland has been elected to Momentive’s Board of Directors, effective December 7, 2015. Mr. Nodland was also appointed to the Environment, Health and Safety Committee of the Board. Mr. Nodland replaces Daniel C. Murphy who resigned from Momentive’s Board of Directors on August 27, 2015.
Mr. Nodland has an extensive track record of executive leadership within the specialty chemicals, industrial manufacturing and consumer products sectors. He currently serves as President and Chief Executive Officer of KIK Custom Products, a manufacturer of both national and retailer brand consumer products throughout North America and a leader in manufacturing of chemicals for the pool and spa markets. Mr. Nodland previously served as President of Hexion Specialty Chemicals, Inc.’s Coatings & Inks Division and President and Chief Operating Officer of Resolution Specialty Materials. In addition, Mr. Nodland served as President and Chief Operating Officer of Resolution Performance Products, CEO and President of McWhorter Technologies and held several management roles for The Valspar Corporation. Mr. Nodland served as a member of the Board of Directors of California Products Corporation and also previously served on the Board of Directors of Texas Petrochemicals Group.
“We believe Jeff’s extensive experience within the specialty materials and chemicals industry, as well as his expertise in building global businesses, will be extremely valuable as Momentive continues to grow around the world,” said Bradley Bell, Chairman of the Board. “We appreciate his willingness to serve as a director and look forward to benefiting from his judgment and counsel.”
This equipment will significantly lower the site’s CO2 emissions, reduce flaring and save around 60 gigawatt hours (GWh) energy each year. Project kick-off is in February 2021, with completion planned for 2023.
The acquisition significantly strengthens and expands Grace’s existing pharma portfolio. Pharma & Consumer is the largest, fastest growing and most profitable subsegment within Grace’s Materials Technologies business.
Solvay says it has decided to organize its soda ash and derivatives business into a separate and fully controlled legal structure.