Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics and latex binders today announced that it has created two new Executive Leadership Team positions – the roles of Chief Technology Officer (CTO) and Chief Commercial Officer (CCO).
“As we continue our journey to transform into a specialty solutions provider and as part of an effort to define a path forward, we have created two critical Executive Leadership roles as catalysts towards achieving our goals,” said Frank Bozich, Trinseo President and Chief Executive Officer. “The role of CTO will drive the development of differentiated technology and innovation that allows Trinseo to meet unfilled and unrecognized customer needs and develop sustainable solutions across our innovation pillars. Furthermore, the role of CCO will be responsible for oversight of the P&L for all of Trinseo’s commercial activities in its reporting segments; ensuring the company has the right commercial processes and tools to drive sustainable, profitable growth, enhancing Trinseo’s focus on customer intimacy and executing the company’s transformation strategy to become a global specialty materials and sustainable solutions provider.”
Effective March 1, André Lanning will assume the newly created role of Senior Vice President and Chief Commercial Officer (CCO). As CCO, Lanning will also be responsible for stepping up commercial excellence, delivering commercial synergies and realizing the organic growth opportunities identified as part of the company’s transformation strategy.
“The creation of this new role of Chief Commercial Officer and the appointment of André to this role will bolster Trinseo’s already strong commitment to providing solutions for our customers,” said Bozich. “André brings more than 30 years of experience in the chemical industry. I am confident that he will successfully lead the company’s commercial activities as we transform into a speciality and sustainable solutions provider – where our success will be determined by how we differentiate our products and the value we create by working with our customers to solve problems – especially in the key end applications of mobility, building and construction, medical and consumer goods.”
Lanning will remain as a member of Trinseo’s Executive Management team and will continue to lead Trinseo’s Strategy, Corporate Development and Marketing Communications function until a successor has been appointed. Trinseo has launched the search for Lanning’s successor as well as the CTO position.
By Trinseo, Press Release
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?