Last week, Michael Grun was named and took over as the new CEO and President of the WeylChem Group of Companies. After holding management positions at Lanxess and Munzing Chemie, the 54-year-old was most recently employed as M&A advisor at WeylChem owner International Chemical Investors Group (ICIG).
He succeeds Uwe Brunk, who has decided to step down from these functions after four and a half years and will in turn support ICIG in its growth projects in the future.
“We would like to thank Uwe Brunk for his commitment over the past years in successfully developing the WeylChem Group further. I am pleased that we can continue to leverage his expertise in ICIG’s special initiatives and M&A projects in his new role. At the same time, I am happy that with Michael Grun we have been able to attract an accomplished industry expert who will successfully lead WeylChem into the future based on his profound growth expertise,” said Christoph Sprenger, CEO of ICIG.
The Chemours Company (NYSE: CC), DuPont de Nemours, Inc. (NYSE: DD) and Corteva, Inc. (NYSE: CTVA) (the “companies”) today announced they have reached an agreement in principle to comprehensively resolve all PFAS-related drinking water claims of a defined class of public water systems that serve the vast majority of the United States population.
The quest to develop hydrogen as a clean energy source that could curb our dependence on fossil fuels may lead to an unexpected place — coal. A team of Penn State scientists found that coal may represent a potential way to store hydrogen gas, much like batteries store energy for future use, addressing a major hurdle in developing a clean energy supply chain.
WE Soda (London), a major producer of soda ash, said it intends to launch an IPO and apply to list its shares on the main market of the London Stock Exchange. The company, wholly owned by industrial conglomerate the Ciner Group (Istanbul, Turkey), said it is the world’s largest producer of natural soda ash.