Solvay S.A. : Solvay's Board of Directors appoints Ilham Kadri Chairman of the Executive Committee and CEO of the Group
09 Octobre 2018 - 7:40AM
Brussels, October 9, 2018
--- Solvay's board of directors has
appointed Ilham Kadri as Chairman of the Executive Committee,
member of the Board of Directors and CEO of the Group, with
effect from March 1, 2019. On that date, Ilham Kadri will
officially succeed Jean-Pierre Clamadieu, who will then relinquish
his executive duties and his mandate as director of Solvay.
Ilham Kadri will join Solvay on January
1, 2019 and spend two months transitioning with Jean-Pierre
Clamadieu, before taking the leadership role and continuing
Solvay's transformation strategy.
Ilham Kadri is CEO and President
of U.S. hygiene technology and services company Diversey and has
led, since 2013, its turnaround, carve-out and divestment to a
private equity fund. She brings to Solvay her vast international
experience having worked for top multinationals like Shell-Basell,
UCB-Cytec, Huntsman and Dow Chemical across the United States,
Europe, the Middle East and in Asia.
"Solvay's Board of
Directors unanimously approved the selection of Ilham Kadri as head
of the Solvay Group. Her knowledge of our strategic markets,
strongly customer-focused mindset and her capacities to build a
galvanizing vision make her the leader that the Group needs to
accelerate its cultural transformation and unleash its growth
potential. She can count on a solid and experienced Solvay
management team to fulfill this mission," said Nicolas Boël,
Chairman of the Board of Directors of Solvay.
"I wish to thank the
Board of Directors for its confidence in me. I'm looking forward to
join the Group whose passion for science, its values and
transformation echo my own personal and professional journey. Early
next year, I will work alongside Solvay's teams to accelerate value
creation based on innovation, collaboration, a customer centric
culture and a clear sense of purpose. These fundamentals will guide
my actions at Solvay," said Ilham Kadri.
A holder of Moroccan and French
nationalities, Ilham Kadri has an engineering degree from the
European School of Chemistry, Polymers and Materials Science in
Strasbourg, France, and a PhD in macromolecular physico-chemistry
from Louis Pasteur University in Strasbourg.
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Solvay is an advanced materials and specialty
chemicals company, committed to developing chemistry that addresses
key societal challenges. Solvay innovates and partners with
customers worldwide in many diverse end markets. Its products are
used in planes, cars, batteries, smart and medical devices, as well
as in mineral and oil and gas extraction, enhancing efficiency and
sustainability. Its lightweighting materials promote cleaner
mobility, its formulations optimize the use of resources and its
performance chemicals improve air and water quality. Solvay is
headquartered in Brussels with around 26,800 employees in 61
countries. Net sales were €10.1 billion in 2017, with 90% from
activities where Solvay ranks among the world's top 3 leaders,
resulting in an EBITDA margin of 22%. Solvay SA (SOLB.BE) is listed on Euronext Brussels and Paris
(Bloomberg: SOLB.BB - Reuters: SOLB.BR) and in the United States its shares (SOLVY) are traded through a level-1 ADR program.
Financial figures take into account the announced
divestment of Polyamides. |
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Source: Solvay S.A. via Globenewswire
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