Huntsman appoints President for Advanced Materials Division
16 Feb '09
2 min read
Huntsman Corporation announced the appointment of Andre Genton as President of its Advanced Materials Division. Mr. Genton most recently served as Vice President and Global Operating Officer of Advanced Materials. He has 25 years of experience and has held a variety of positions in the business, including Vice President of Design and Composites Engineering, Vice President of Global Structural Composites, Head of Sales and Technical Service for Europe, and other roles.
Huntsman's Advanced Materials business had been combined with Huntsman's Textile Effects business in one division, Materials & Effects, with Paul Hulme serving as President. The two businesses will now be recognized as separate divisions. Mr. Hulme will continue to serve as President of the Textile Effects division.
Huntsman's President and CEO Peter R. Huntsman stated: "Under Paul Hulme's leadership, these divisions have grown to become market leaders in their respective industries. As we anticipated, these divisions are now of the size and scope where they each need the full time attention of a division president to continue expanding and creating value.
Huntsman is currently investing significant resources to complete the transformation of our Textile Effects division, and Paul's ability and strengths will assure success as we build a global leader in textile chemicals and dyes."
Mr. Huntsman continued: "Andre has a strong relationship with Advanced Materials and its markets and customers. I have great confidence in him to lead this division to the next level."
Huntsman acquired the Advanced Materials business from Vantico (formerly a part of Ciba) in 2003. Since that time, its sales have grown from approximately $1.1 billion in 2003 to more than $1.6 billion on an LTM basis as of the third quarter of 2008, and its Adjusted EBITDA has more than doubled over that same period.
Advanced Materials currently operates 13 manufacturing locations across the globe, employs 2,300 people, and serves about 4,500 customers with its 9,000 different products.
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