SIBUR has completed the process of organisational and staff changes enhancing the Company’s management structure, including the transfer of a number of management functions to the regional level.
The new management system is designed to facilitate SIBUR’s development strategy implementation in the most balanced way.
The Management Boards of PJSC SIBUR Holding and OOO SIBUR are now complete.
SIBUR Holding’s Management Board:
SIBUR’s Management Board:
Mikhail Karisalov, formerly SIBUR’s Executive Director, has been appointed Chief Operating Officer. He is in charge of the Company’s day-to-day operations. Vladimir Razumov will head SIBUR’s Research and Development, Organisational Projects Management, and Ethics and Discipline Committees.
Oleg Makarov, Vasily Nomokonov and Sergey Komyshan, SIBUR’s Management Board members and Managing Directors, are now the Management Board members and Executive Directors in charge of the Company’s key functional and production development areas.
In addition, Alexander Petrov, Managing Director for Economics and Finance, Rustam Galiakhmetov, Industrial Performance Director, Marina Medvedeva, Director for Shared Services and Management Bodies, have been appointed new members of the Management Board.
An increase in gas fractionation and polymerisation capacities, integration of power generation assets and construction of the new ZapSibNeftekhim complex are set to play up the role of the Tobolsk Production Site for SIBUR. Hence it has been decided to assign the Tobolsk Production Site a status of a standalone business unit similar to a Division. This business unit is headed by Konstantin Belkin, SIBUR’s Management Board member and Managing Director of the Tobolsk Production Site.
The Plastics and Organic Synthesis Division and the Synthetic Rubbers Division have been merged into one business unit named Plastics, Elastomers and Organic Synthesis Division. Pavel Lyakhovich, SIBUR’s Management Board member and Managing Director, will continue being in charge of this Division.
The Hydrocarbons Division has been reorganised to streamline production assets performance management. SiburTyumenGas, formerly part of the Hydrocarbons Division, now directly reports to the Company’s COO. Uralorgsintez has become part of the Plastics, Elastomers and Organic Synthesis Division.
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).