I D
× COMMENTARYCOVER STORYIN THE NEWSNEWSFRONTSCHEMENTATOR + Show More
Chemical Engineering MagazineChementator Briefs
Sulfur control Preferential Oxidation Catalysis — a new catalytic solution…
BUSINESS NEWS
Chemical Engineering MagazineBusiness News
Plant Watch Perstorp will construct new plant for sodium formate…
TECHNICAL & PRACTICALFEATURE REPORTFACTS AT YOUR FINGERTIPSTECHNOLOGY PROFILEEQUIPMENT & SERVICESFOCUSNEW PRODUCTS + Show More SHOW PREVIEWS

Comment

Former Axalta CEO to lead AkzoNobel Specialty Chemicals

By Mary Page Bailey |

As part of the strategy to separate Specialty Chemicals from its Paints and Coatings business, AkzoNobel (Amsterdam, the Netherlands; www.akzonobel.com) announced in March 2018 that it had agreed to sell 100% of its Specialty Chemicals business to The Carlyle Group (www.carlyle.com) and GIC. Upon completion of the transaction, expected before the end of 2018, Charles W. Shaver, previously CEO of Axalta, will join the new company as Chief Executive Officer.


Werner Fuhrmann, CEO of Specialty Chemicals, returned from retirement in August 2017 to head up the entity and in particular to lead the business through this time of change. As was always his intention and, upon completion of the sale, he will return to retirement. Carlyle and GIC thank Werner for his commitment, leadership and dedication to the business over the years.


Charles “Charlie” Shaver will join Specialty Chemicals from Axalta where he serves as Chairman of the Board and Chief Executive Officer. He will step down as CEO of Axalta on 4 September this year but will remain Chairman of the Board. Prior to joining Axalta, he was Chief Executive Officer and President of the TPC Group and previously he held a number of roles with General Chemical and Arch Chemicals, having started his career with the Dow Chemical Company. Mr. Shaver brings more than 35 years in leadership roles across the global chemical industry. His appointment is subject to completion of the transaction.

Related Content
Pfizer will acquire Array BioPharma
Pfizer Inc. (New York; www.pfizer.com) and Array BioPharma Inc. (Boulder, CO; www.arraybiopharma.com)  have entered into a definitive merger agreement under…
Metallocene linear-LDPE produced in India
  GAIL Ltd. (New Delhi, India; www.gailonline.com) has successfully produced Metallocene linear-low density polyethylene (mLLDPE) on its world-class 400,000 MT…

Chemical Engineering publishes FREE eletters that bring our original content to our readers in an easily accessible email format about once a week.
Subscribe Now
Minimizing Explosion Risk Where Other Solutions Cannot
Minimizing Corrosion with Fast, Robust Gas Analysis
Lower Measurement Point Costs with Automatic pH Sensor Cleaning
Reduce the Risk of Corrosion in Fertilizer Production
3 Reasons to Automate Sensor Cleaning

View More

Live chat by BoldChat