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

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Urmil Arya

Sushila International, a well established textile organisation established ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Lynda Kelly
Suominen Corporation

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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