Home / Knowledge / News / Textiles / Axiall Corp CEO Paul Carrico retires with immediate effect
Axiall Corp CEO Paul Carrico retires with immediate effect
07
Jul '15
Axiall Corporation said its president, chief executive officer and a member of the Axiall board of directors Paul Carrico has retired with immediate effect.

In a press release, it added that the Axiall board has initiated an active search process to select the next CEO to strengthen the company’s financial performance and drive enhanced shareholder value.

Until the search is completed, Timothy Mann, executive vice president of strategy, general counsel and secretary, will serve as Axiall’s interim president and CEO.

The Axiall Board has retained a leading executive search firm to assist with identifying qualified candidates and both internal and external candidates are being considered for the role.

Mann will work closely with the board and other members of Axiall's executive team to oversee the company's ongoing transformation during the transition period.

Mark Noetzel, chairman of Axiall said, “On behalf of the board and everyone at Axiall, I want to thank Paul for his many valuable contributions over the past 16 years.”

“While the search is in process, the company will continue to execute on its cost reduction and other value-enhancing initiatives,” Noetzel noted.

He further added, “Given Tim’s deep knowledge of Axiall and the support of the rest of the executive team, the board has great confidence in his ability to lead the company during this time.”

Axiall had recently announced a joint venture with Lotte Chemical, which will offer it an affordable and actionable path to secure around half of its ethylene supply at an advantaged cost position.

In his role as executive vice president, Mann led the Axiall team that designed and negotiated the joint venture with Lotte Chemical.

For more than five years, prior to joining Axiall in July 2012, he was a partner at the international law firm Jones Day, where his practice focused primarily on public and private merger and acquisition activities.

Before Jones Day, Mann also served as CEO of Acsys, Inc., a publicly traded business services company that he led from its founding through an IPO and through a successful sale to a strategic acquirer.

Axiall Corporation is a leading integrated chemicals and building products company and has manufacturing facilities located throughout North America and in Asia. (AR)

Fibre2Fashion News Desk - India

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Prathyusha Garimella
Prathyusha Garimella

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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:
May 2017

May 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