Packaging and paper group Mondi Plc. said Tuesday that Andrew King, Group Chief Financial Officer and a director of the company, will be appointed as Group Chief Executive Officer or CEO with effect from 1 April 2020.
Andrew will succeed Peter Oswald who, as previously announced on 10 January 2020, will step down as CEO and leave the company on 31 March 2020.
Andrew has 17 years of experience within Mondi in various strategy, business development and finance leadership roles.
Mondi said it will immediately commence a formal process to recruit Andrew’s successor as CFO, and will include external as well as internal candidates.
Source: RTTNews via Nasdaq
Corteva (Indianapolis, Indiana) says it has signed a definitive agreement to acquire Stoller Group (Houston, Texas), a producer of biostimulants and plant nutrition products, for $1.2 billion. Stoller is one of the largest independent biologicals companies globally, with operations in more than 60 countries and more than $400 million in annual sales.
OMV has announced its new corporate structure today, designed to fully enable the delivery of Strategy 2030. The new organization will be built on five distinct areas. In addition to the CEO and CFO areas, three business segments will be established: Chemicals & Materials, Fuels & Feedstock, and Energy.
The European petchem sector is readying for some tough quarters. It’s a different picture in the US. So is this the best time ever to find a new role in the chemical industry? If you are in Europe, you would expect me to say probably not. But actually, it depends. So let me give you four answers to this question.
