Chris Pappas, President and CEO of Trinseo, has announced the following leadership changes, effective November 1, 2015.
Martin Pugh, Senior Vice President and Business President for Performance Materials, has been named Executive Vice President and Chief Operating Officer (COO) of Trinseo. In this newly created interim role, Pugh will elevate his focus to stimulate and support cross-business optimization initiatives and lead, mentor and partner with the new Business Presidents on key strategic business issues.
“We are establishing the COO position as an interim role driven by the complex set of activities we are now committed to at Trinseo, which must be integrated into our businesses,” said Pappas. “These include the changes in executive leadership of our businesses, changes in supply chain structure, installing a new ERP system, as well as becoming SOX compliant across our business processes. All of this activity, plus our ability to now focus on various strategic initiatives, creates this interim COO role. Martin is the ideal executive to partner with others on the executive team to ensure success across this array of activities.”
In addition, two new executives are joining the company as Senior Vice Presidents and Business Presidents, reporting to Pugh.
Tim Stedman will join Trinseo as Senior Vice President and Business President, Basic Plastics and Feedstocks. Reporting to Stedman are: Mike Cromack, Francesca Reverberi, Frans Kempenaars, and Yasunobu Ida. Stedman was most recently Business Director, Basic Chemicals, at ExxonMobil Chemical. During his 22-year career at ExxonMobil Chemical, Stedman worked in manufacturing, commercial, product management, strategy development and global business leadership, including assignments in Belgium, the U.S. and the U.K. He has a bachelor’s degree in Chemical Engineering from University of Manchester Institute of Science and Technology. Stedman will join the Executive Leadership Team (ELT) and be based in Horgen, Switzerland.
Hayati Yarkadas will join Trinseo as Senior Vice President and Business President, Performance Materials. Reporting to Yarkadas are: Samer Al Jabi, Jan Muller, Dagmar Van Heur, Christian Page, Tim Thomas, and Ralf Irmert. Yarkadas was most recently Senior Vice President and General Manager, Europe, for Tate & Lyle. Prior to that, he worked for DuPont in a series of sales and marketing manager roles, and later was Global Business Director for Advanced Glass Interlayers, and General Manager of the DuPont Teijin Films joint venture. He has a master’s degree in Mechanical Engineering from Istanbul Technical University, and an MBA from Imperial College London. Yarkadas will join the Executive Leadership Team (ELT) and be based in Horgen, Switzerland.
“The additions of Hayati Yarkadas and Tim Stedman to our executive leadership team will add tremendous experience and industry knowledge,” said Pappas. “As Trinseo continues to mature as a public company, these moves are consistent with our continued emphasis on governance and succession planning as we add depth to our executive leadership team.”
Source: Trinseo
The investment enables the steam cracker to increase the share of renewable and recycled raw materials used in its (ethylene and propylene) production. The move supports the Borealis Strategy 2030 for a circular economy. The Porvoo investment program is expected to be completed in 2025.
Murray Auchincloss, bp’s CEO, said in a statement: “As I set out in February, BP’s destination from IOC [international oil company] to IEC [integrated energy company] is unchanged – and we need to deliver as a simpler, more focused, and higher-value company.
Founded in 1972, Tecnofilm has expanded its product portfolio over the years to offer a wider range of compounds and functional polymers for various industrial applications and technical articles. The company has patented several of its products.
