Sector News

Lonza announces change in Executive Committee membership

December 14, 2015
Chemical Value Chain

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.

Source: Lonza

comments closed

Related News

May 21, 2022

Sika opens new manufacturing plant in Bolivia 

Chemical Value Chain

Sika AG (Baar, Switzerland) has opened a new plant in Santa Cruz de la Sierra, thus doubling its production capacity for mortar and concrete admixtures in Bolivia. With this new facility in one of the country’s main industrial agglomerations, Sika is positioning itself for continued growth in the dynamic Bolivian construction market.

May 21, 2022

Chevron increases renewable fuel market share with REG acquisition

Chemical Value Chain

Chevron Corporation (NYSE: CVX) and Renewable Energy Group, Inc. (NASDAQ: REGI) (REG) announced on Monday a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share.

May 21, 2022

Lotte Chemical to invest $8 bn on hydrogen energy, battery materials by 2030

Chemical Value Chain

Lotte Chemical Corp. will invest 10 trillion won ($8 billion) on hydrogen and battery materials through 2030 to achieve annual revenue of 50 trillion won and carbon neutrality. The Korean chemical producer on Thursday unveiled its new corporate vision outlining key corporate strategies with focus on growth through hydrogen energy and battery materials businesses.