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.”
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?