LSB Industries (Oklahoma City) on 2 January reported that Dan Greenwell has stepped down from his role as chairman and CEO. The company’s board has named Mark Behrman, formerly executive vice president and CFO, LSB’s president and CEO, effective immediately. Behrman has also joined the company’s board of directors.
Richard Roedel has been appointed chairman, and Cheryl Maguire, formerly v.p./finance, has been promoted to senior v.p. and CFO.
“I want to thank Dan for his leadership over the past three years,” says Roedel. “He led many critical initiatives that have resulted in improved performance of the company’s three facilities and have positioned LSB well for future improvement in profitability and cash flow.”
LSB manufactures nitric acid, sulfuric acid, and derivatives for the mining, agricultural, and industrial markets at facilities in Cherokee, Alabama; El Dorado, Arkansas; and Pryor, Oklahoma.
By Clay Boswell
Source: Chemical Week
3M and Dow have announced they are cutting thousands of roles from their global workforces in response to economic pressures. Dow has said it will cut 2,000 jobs across its global workforce (around 5%) in a bid to save US$1bn in 2023. The company says it will also cut costs by shutting down “select assets”, though it did not note where it would halt operations.
Sweden’s state mining firm has discovered what could be Europe’s largest rare earths deposit, and says it could help the bloc reduce its reliance on imports of minerals needed to manufacture clean technologies and meet climate targets.
Henkel and Avantium have been partners since 2019, when Henkel joined the PEFerence consortium. This consortium of partners, coordinated by Avantium, aims to establish an innovative supply chain for FDCA and PEF (polyethylene furanoate).
