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Domo Chemicals appoints Yves Bonte CEO & chairman of Board

22
Jan '20

Yves Bonte; Pic: Domo Chemicals

Domo Chemicals, a leading player in engineering nylon materials towards sustainable solutions, has announced its transition plan for the CEO position. The Board of directors of Domo appointed Yves Bonte to succeed current CEO Alex Segers during February 2020. Bonte joins Domo from Yara, leading fertiliser company as executive vice president industrial.

Segers has held the CEO position at Domo since the company started its chemical activities in 1994 and will continue to play a key role in the transformation of Solvay's European Performance Polyamide and Domo into one company. Closing of the acquisition of Solvay's European performance Polyamide Business by Domo is expected to take place on January 31st.

"I feel privileged to have been given the opportunity to work with the Domo team over the past twenty-six years, which has really been an incredible journey. We are now entering the next level for the company by integrating very soon the European Performance Polyamides Business from Solvay. In Yves we have found the ideal person to pass the baton to. We look forward to a seamless transition," Alex Segers said in a press release.

"I would personally like to thank Alex for his leadership in the successful growth and transformation of Domo from an upstream nylon 6 specialist into a full integrated engineering materials company developing innovative and sustainable solutions in the Polyamide Industry. We are excited to welcome Yves Bonte to Domo as the new CEO and chairman of Domo Chemicals. We believe he is the ideal person to lead the next chapter of the company's growth and transformation process. Alex will continue to significantly contribute to the success of new Domo," Gregory De Clerck, managing director of Domo Investment Group and member of the Board of Domo Chemicals said.

Yves Bonte was responsible for a business generating appr 20 per cent of Yara's total revenue of $12.9 billion. Prior to Yara, Bonte held a variety of business leadership, commercial and operations roles at Lyondell Basel and Exxon Chemicals. Since 2018 Bonte is as Board member of Domo.

"I have a true passion for innovation and sustainability, and I am thrilled to join Domo as its next CEO," Yves Bonte commented. "The Company has established itself as a leader in sustainable polyamide based on its strong technology-driven product portfolio with a solid foundation to further build upon. I believe Domo is uniquely positioned to support its customers' manufacturing processes in a cost effective and sustainable manner. The recently announced long-term strategy and planned investment will position Domo to reach new levels of growth and success."

Fibre2Fashion News Desk (JL)

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