Lonza’s Board of Directors announced today the appointment of Sven Abend as Chief Operating Officer for Specialty Ingredients following the decision by Beat In-Albon (63) to step down from that role and the Executive Committee at the end of this year.
Sven Abend, currently Chief Strategy Officer and member of the Executive Committee, will take over as head of Specialty Ingredients on 1 January 2016. With this move Lonza’s Executive Committee will be reduced from five members to four. Beat In-Albon will continue to be involved in special projects and report directly to Lonza’s CEO.
“During his long and successful career, Beat has played a significant role in the stabilization of Lonza as a whole; and we’re pleased he will continue to help us in a coordinating role,” said Richard Ridinger, CEO of Lonza.
“Sven’s experience as Chief Strategy Officer in the Executive Committee with additional responsibility for Consumer Care and Industrial Solutions has prepared him well for leading our Specialty Ingredients segment,” he added.
Trinseo (NYSE: TSE), a specialty material solutions provider, announced it has initiated an information and consultation process with the Works Council of Trinseo Deutschland GmbH regarding the potential closure of its styrene monomer production site in Boehlen, Germany.
H.B. Fuller Company announced that Celeste Mastin, Executive Vice President and Chief Operating Officer, will succeed Jim Owens as H.B. Fuller’s President and Chief Executive Officer, effective December 4, 2022. Upon assuming the role, Mastin will also join the Company’s Board of Directors, replacing Owens, who will be retiring.
New LyondellBasell CEO Peter Vanacker, who joined the company from Neste in May, today named his senior executive team and outlined organizational changes, including creation of a circular and low-carbon solutions business. All changes will be effective 1 October.