Johnson Matthey PLC said Monday that Patrick Thomas will succeed Tim Stevenson as chairman effective July 26, when the latter will retire following a seven-year tenure.
Mr. Thomas has been the chief executive and chairman of polymers company Covestro AG since 2015, Johnson Matthey said.
The sustainable-technology company said Mr. Thomas will join the board as non-executive director and chairman designate on June 1.
Mr. Thomas will be appointed as chairman of the board, effective from the end of the annual general meeting on July 26, the company said.
By Dimitrios Kontos
Source: MarketWatch
The European Union said Monday that it has approved Agrofert Group’s acquisition of Borealis AG’s nitrogen business after concluding that the deal wouldn’t raise competition concerns. Agrofert is a Czech conglomerate, while Austrian chemical and fertilizer company Borealis is 75%-owned by OMV AG with the remaining 25% held by Abu Dhabi National Oil Co.
LyondellBasell Industries N.V. and Mepol Group announced they have entered into a definitive agreement for LyondellBasell to acquire Mepol Group, a manufacturer of recycled, high-performing technical compounds located in Italy and Poland.
Univar Solutions Inc and Apollo announced that funds managed by affiliates of Apollo have entered into a definitive merger agreement to acquire the Company in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion.
