Sector News

Nexeo Solutions announces Dan F. Smith as new Chairman

March 14, 2017
Chemical Value Chain

Nexeo Solutions, Inc., a leader in chemicals and plastics distribution, announced today that the Board appointed Dan F. Smith as the new Chairman of the Board following the resignation of Wilbur L. Ross, Jr. from the Board of Directors.

Mr. Ross resigned as a result of his recent confirmation and swearing in as the United States Secretary of Commerce.

“I appreciate all the support Wilbur provided to Nexeo Solutions and me personally during the SPAC process to take the company public. I respect his decision given his future undertaking,” said Nexeo Solutions’ President and CEO, David Bradley. “I am excited to have Dan as our Chairman, given his history and industry knowledge. He continues to be an advisor to me and my leadership team as we pursue our vision, defining distribution.”

In addition, the Board appointed Robert J. Zatta to the Board to fill the vacancy created by Mr. Ross’ resignation. Previously, he served as the Chief Financial Officer of Rockwood Holdings, Inc., a publicly-traded specialty chemicals company, from April 2001 until January 2015, when Rockwood Holdings, Inc. was acquired by Albemarle Corporation.

“I am excited to serve as Chairman of the Board for Nexeo Solutions, now as a public company. I will continue to work closely with the team on progressing the company’s strategic agenda,” said Dan Smith, Chairman of the Board. “We are excited to welcome Bob to Nexeo Solutions’ Board of Directors and believe his strong experience in specialty chemicals will be extremely valuable as Nexeo Solutions continues to grow.”

Source: Nexeo Solutions, Inc.

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.