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Westlake Corporation (WLK)

NYSE - Nasdaq Real Time Price. Currency in USD
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86.01+0.75 (+0.87%)
As of 10:35AM EDT. Market open.
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Westlake Corporation

2801 Post Oak Boulevard
Suite 600
Houston, TX 77056
United States
713 960 9111
https://www.westlake.com

Sector(s)Basic Materials
IndustrySpecialty Chemicals
Full Time Employees14,550

Key Executives

NameTitlePayExercisedYear Born
Mr. Albert Yuan ChaoPres, CEO & Director4.74M3.8M1950
Mr. Mark Steven Bender CPAExec. VP & CFO1.84M1.45M1957
Mr. Roger Lester KearnsCOO and Exec. VP of Performance & Essential Materials1.84MN/A1963
Mr. Robert F. BuesingerExec. VP of Housing, Infrastructure Products, IT & Digital1.59M494.5k1957
Mr. Johnathan Stevan ZoellerVP & Chief Accounting OfficerN/AN/A1976
Mr. L. Benjamin EderingtonExec. VP, Gen. Counsel, Chief Admin. Officer & Corp. Sec.N/AN/A1971
Lawrence SchubertVP of Corp. Devel. & SustainabilityN/AN/AN/A
Dr. Karl-Martin SchellererManaging Director of Vinnolit Bus. and VPN/AN/AN/A
Thomas J. JanssensSr. VP of Operations, PEM & Corp. LogisticsN/AN/AN/A
Mr. Jeff HolyVP & TreasurerN/AN/AN/A
Amounts are as of December 31, 2021 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Westlake Corporation manufactures and supplies petrochemicals, polymers, and building products worldwide. It operates through two segments, Performance and Essential Materials; and Housing and Infrastructure Products. The Performance and Essential Materials segment manufactures and markets polyethylene, styrene monomer, ethylene co-products, PVC, VCM, ethylene dichloride chlor-alkali, and chlorinated derivative products. The Housing and Infrastructure Products segment manufactures and sells residential PVC siding; PVC trim and moldings; roofing applications; decorative stone; windows; PVC decking; PVC films for various inflatables, wallcovering, tape, and roofing applications; polymer composite roof tiles; PVC pipe and fittings; PVC compounds; and various consumer and commercial products such as landscape edging; industrial, home and office matting; marine dock edging; and masonry joint controls. The company offers its products to a range of customers, including chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation is a subsidiary of TTWF LP.

Corporate Governance

Westlake Corporation’s ISS Governance QualityScore as of July 31, 2022 is 8. The pillar scores are Audit: 4; Board: 9; Shareholder Rights: 8; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.
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