Solvay accelerates succession plan for its CEO Jean-Pierre Clamadieu
Brussels, February 13, 2018 --- Solvay`s Board of Directors was informed of Engie`s decision to propose Jean-Pierre Clamadieu as its Chairman following his election as Board Member at the French company`s next Shareholder meeting on May 18, 2018.
Jean-Pierre Clamadieu will remain the Chief Executive Officer of Solvay, focused on the implementation of the Group`s strategic priorities, while assuming his future non-executive position at Engie.
"The Board of Solvay and myself warmly congratulate Jean-Pierre for this nomination, which we discussed in full transparency. We are now accelerating the process to identify Jean-Pierre`s successor to pursue the successful strategy that we launched a few years ago. We appreciate Jean-Pierre`s commitment to facilitate a smooth transition," said Nicolas Boël, Chairman of the Board of Solvay.
Both internal and external candidates will be considered during this succession process with the objective to conclude the transition by the end of the year.
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Solvay is a multi-specialty chemical company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers in diverse global end markets. Its products and solutions are used in planes, cars, smart and medical devices, batteries, in mineral and oil extraction, among many other applications promoting sustainability. Its lightweighting materials enhance 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 27,000 employees in 58 countries. Net sales were € 10.9 billion in 2016, with 90% from activities where Solvay ranks among the world`s top 3 leaders. 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. |
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Source: Solvay S.A. via GlobeNewswire
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