NOVA Chemicals Corporation (NOVA Chemicals) today announced that Todd Karran has been appointed President and Chief Executive Officer. Mr. Karran has been the acting CEO, while maintaining his previous roles of Senior Vice President and Chief Financial Officer since May 2014. Mr. Karran has committed to continue serving as NOVA Chemicals’ Chief Financial Officer while the Board of Directors conducts a search for a new CFO among internal and external candidates.
“It became clear to the Board of Directors that Todd is the right person to assume the role of Chief Executive Officer and lead NOVA Chemicals to further success in the years ahead,” stated His Excellency Khadem Abdulla Al Qubaisi, NOVA Chemicals Chairman and IPIC Managing Director. “Todd has done an excellent job since he took over in the Acting CEO role and IPIC and the Board of Directors look forward to continued long-term growth and market leadership from NOVA Chemicals.”
“I am honored by the opportunity to serve as the next CEO of NOVA Chemicals. Over the past several years, with support of IPIC and the Board of Directors, we have made tremendous progress on all aspects of our business,” stated Mr. Karran. “We plan to continue the positive momentum through safe and reliable operations of our assets and leadership in each aspect of our business, while looking forward to continued growth.”
Source: NOVA Chemicals Corporation