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.
Source: worldofchemicals.com
The future CEO of thyssenkrupp Uhde, Nadja Håkansson, has held various management positions at Siemens and Siemens Energy and looks back on over 18 years of national and international experience in the areas of supply chain management, operations, sales and corporate management.
Neste and South Korean company Lotte Chemical have partnered on a project to elevate the sustainability profile of chemicals and plastics. The partnership’s ambition is to replace fossil resources with renewable raw materials that offer a lower carbon footprint.
At least the confidence in the chemical sector has been seeing an upward trend and the trade balance is recovering as destocking seems to be coming to an end. Citing projections from the European Central Bank, CEFIC states that the level of inflation is expected to fall from 5.4% in 2023 to 2.3% in 2024.
