Home / Knowledge / News / Textiles / Randy Woelfel steps down as CEO of NOVA Chemicals
Randy Woelfel steps down as CEO of NOVA Chemicals
02
May '14
NOVA Chemicals Corporation (NOVA Chemicals) announced that Randy Woelfel has stepped down as CEO and Board Member and that Todd Karran has assumed the role of Acting CEO. The Board of Directors will begin a search for a permanent replacement immediately that will include both internal and external candidates.
 
“The Board of Directors and Mr. Woelfel felt that this was the time for Randy to move onto new challenges and to make a leadership change at NOVA Chemicals. IPIC is a proud owner with a long-term view for NOVA, which has made tremendous progress on its strategic goals since IPIC acquired NOVA and began to implement its transformational strategy. 
 
“We are now focused on capitalizing on this success and driving NOVA forward for growth,” stated His Excellency Khadem Abdulla Al Qubaisi, NOVA Chemicals Chairman and IPIC Managing Director.” 
 
We are pleased to have Todd Karran step in as the Acting CEO. He is particularly well qualified to lead NOVA Chemicals through this transitional period. We would like to thank Mr. Woelfel for his significant contributions and wish him well in the future.”
 
“With the strategic guidance and ongoing support from IPIC’s ownership, the current NOVA Chemicals Management Board has executed the transformation of every dimension of NOVA Chemicals – creating a solid foundation to implement our desired growth. Moving forward, our focus and strategy remains the same. We will sustain the momentum we’ve built since we set out on our transformational journey five years ago, by operating our company in a safe and responsible manner, striving to achieve leadership in the markets we serve and continuing to deliver solid financial results,” stated NOVA Chemicals Acting CEO Todd Karran.
 
Mr. Karran’s nearly 30 years with NOVA Chemicals and his reputation with his colleagues make him an excellent choice for Acting CEO. He is currently the Company’s CFO and has held many leadership positions at the Company.
 
The remaining members of the NOVA Management Board, Grant Thomson, President Feedstock and Olefins, Bill Greene, SVP Operations and Chris Bezaire, SVP Polyethylene Business, have nearly 90 years of combined industry experience and many years of leadership at NOVA Chemicals. They will continue to progress the Company’s successful business strategy and look forward to implementation of the full NOVA 2020 growth strategy.
 

NOVA Chemicals


Must ReadView All

Apparel/Garments | On 24th Jun 2017

JD enters into strategic partnership with Farfetch

E-commerce giant, JD, China's largest retailer, and Farfetch, the...

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search