Univar Inc., a global chemical distributor and provider of value-added services, announced that its board of directors has appointed President and Chief Executive Officer Stephen (Steve) D. Newlin to the additional post of chairman of the board, effective immediately.
Newlin has served on the Univar board of directors since 2014 and was appointed president and chief executive officer in May 2016. Newlin succeeds William (Bill) S. Stavropoulos as chairman. Stavropoulos will assume the role of lead director.
“Steve’s leadership in mapping out a sustainable growth strategy and enabling Univar’s employees to deliver on that strategy positions the Company for long-term success,” said Stavropoulos. “His appointment as chairman reinforces our confidence in Steve and belief that Univar is on the right path.”
The Univar board of directors also recently appointed Edward (Ted) J. Mooney and Robert (Bob) L. Wood as independent directors, bringing the number of directors to 11. Mooney is the former chairman and chief executive officer of Nalco Holdings Co. and previously served in roles of increasing responsibility at Nalco spanning several decades. He previously served on the boards of Cabot Microelectronics Corporation, Commonwealth Edison Company (a subsidiary of Exelon Corporation), FMC Corp., the Northern Trust Corporation, and Polyone Corp. Wood is the former chairman, president and chief executive officer of Chemtura Corporation. He also held numerous management roles at Dow Chemical and served on Dow’s Corporate Operating Board. Wood currently serves on the boards of MRC Global Inc. and Praxair Inc. and previously was a member of Jarden Corporation’s board of directors.
“I am honored by the board’s endorsement of my capabilities and our growth strategy. I look forward to continuing to work with Bill, who has legendary experience in our industry and we are fortunate for his ongoing contributions to our board,” stated Newlin. “We welcome Ted and Bob, both of whom bring invaluable industry and board leadership experience, providing an excellent complement to our talented board.”
Source: Univar Inc.
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?