Univar Solutions Inc. today announced the appointment of Nicholas W. Alexos as executive vice president and chief financial officer, effective January 6, 2020. Nick will succeed Carl J. Lukach who will transition into the role of executive vice president of corporate development.
“Nick is a seasoned financial executive with extensive and relevant experience from his prior roles at Dentsply Sirona and VWR International,” said David Jukes, president and chief executive officer. “Given his in-depth knowledge and expertise around market and margin expansion in the general industrial and consumer sectors, Nick will be a perfect addition to the Company as we continue to drive profitable growth and shareholder value over the long term.”
Nick joins Univar Solutions after serving as executive vice president, chief financial officer and chief administrative officer at Dentsply Sirona, Inc. where he led key growth strategies and successfully executed portfolio shaping initiatives. Previously he served as a managing director of Madison Dearborn Partners, LLC, where he helped a wide array of portfolio companies achieve growth and margin expansion.
Carl will transition duties to Nick as he begins his new role, while assuming the role of executive vice president of corporate development. In this role, Carl is expected to oversee the Company’s portfolio management activities, as well as generate new growth opportunities. He will also help support various efficiency initiatives related to the Nexeo integration and will continue to report to David Jukes.
“I want to thank Carl for his many contributions as CFO and I look forward to working with he and Nick in their new roles,” said Jukes. “Univar Solutions is well-positioned to take advantage of market opportunities as we continue to streamline, innovate and grow the Company to redefine distribution and be the most valued chemical and ingredient distributor on the planet.”
BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany. This investment strengthens BASF’s cathode active materials (CAM) production and recycling hub in Schwarzheide. The site is an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe.
Clariant says it is reducing its number of businesses from five to three, by merging units, under a reorganization that is in line with the company’s purpose-led strategy and cultural transformation. The moves will position Clariant for long-term sustainable growth, the company says.
Chemicals & plastics industry has the most diversified end-use market across all manufacturing industries. The industry returned to growth in 2021 but a supply chain crunch prevented it from becoming stronger. The market is likely to stabilize in the second half of 2022 with a supply-demand balance.