Industria
Solvay announces the future Executive Leadership Team for new standalone SOLVAY
Solvay announces the future Executive Leadership Team for new standalone SOLVAY
Solvay today announced the future Executive Leadership Team of SOLVAY, effective upon completion of the planned separation of Solvay into two companies – SOLVAY and SYENSQO – which is on track to be completed in December 2023.
Nicolas Boël, Chairman of Solvay's Board of Directors, said “This is a pivotal moment for Solvay as we prepare to launch two champions led by two outstanding teams, bringing unique expertise to propel each company into the future. Following a rigorous search to identify the profiles best suited to each company, we are proud to announce the leaders. They are a talented group at the top of their fields who will advance our new companies and unleash value for shareholders, customers and employees.”
Dr. Ilham Kadri, CEO of Solvay, said, “Today, we launch a new legacy of leadership for the 21st century. We are bringing best-in-class teams together to reflect the extraordinary strength and opportunities for each company. I am proud to see that people whom I have been personally mentoring and growing in the past few years will lead the next chapter of SOLVAY's history, while the incoming managers from industry-leading organizations will broaden and augment the execution. Together, their track records make them uniquely qualified to launch THE new industry leader in Essential Chemicals, while embracing the values we have forged over 160 years of existence.”
Philippe Kehren, Incoming CEO of SOLVAY, said, “When Ernest Solvay invented a radically new industrial process for the production of soda ash nearly 160 years ago, his technological breakthrough laid the foundation for our great company. The new SOLVAY will be positioned to carry on this legacy of mastering the elements that are essential for a sustainable world. As a standalone company, SOLVAY has tremendous opportunities. I look forward to working closely with this world-class team as we continue to live Ernest Solvay's legacy of bringing the greatest minds together to advance societal progress.”
SOLVAY will focus its strategy on enhancing its process expertise and cost leadership to maximize cash generation. It will comprise leading mono-technology businesses including Soda Ash, Peroxides, Silica, Coatis and Special Chem, which generated approximately €5.6 bn in net sales in 2022. These technologies are proven to be essential across a number of attractive and resilient end markets and will benefit from the company's focused approach.
SOLVAY's activities are organized in Global Business Units led by world-class professionals, comprising Carlos Silveira for Peroxides, An Nuyttens for Silica & Special Chem and Daniela Manique for Coatis. Etienne Galan will take over at the helm of GBU Soda Ash & Derivatives after the spinoff. They will report directly to the CEO. The company will operate with global business leaders located close to their markets and customers. In the headquarters, a strong and focused team will drive excellence in operations and will help Solvay thrive as a process-driven benchmark for the industry.
The following individuals will serve on the Executive Leadership Team of SOLVAY:
The separation remains subject to the Extraordinary Shareholders' Meeting approval. Until the separation is complete, Dr. Ilham Kadri will remain CEO and Karim Hajjar will remain CFO of Solvay.
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