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IVL announces new business segment & leadership team

28
Jan '20
Pic: Indorama Ventures
Pic: Indorama Ventures
Indorama Ventures Public Company Limited (IVL), one of the world's leading petrochemicals producers, has announced the creation of a newly formed segment, Integrated Oxide. Consequently, Alastair Port has been appointed president of Integrated Oxide, effective since this month. He will report to Dilip Kumar Agarwal, CEO of the Feedstock and PET businesses.
 
Integrated Oxide segment comprises of integrated ethylene oxides and specialty chemical segment including sought after value-added ethylene oxide derivatives and propylene oxide derivatives. The new segment will enable the company to leverage operational efficiencies and position IVL for long-term growth and value creation.
 
The company had recently announced about the acquisition of Huntsman's integrated Ethylene Oxide and Propylene Oxide (EO&PO) assets in Port Neches, Chocolate Bayou and Dayton in Texas, Ankleshwar in India, and Botany in Australia by IVL. 
 
Alastair Port joined Huntsman in 1988 and was previously global vice president of manufacturing and upstream business at Huntsman. Port's leadership team will be composed of talent coming from all integrated businesses: Joel Saltzman has been appointed senior executive vice president. Saltzman is currently with Indorama Ventures Oxide and Glycols (IVOG); John O Smith has been appointed vice president, procurement and upstream. Smith is currently with IVOG; John Q Smyth has been appointed vice president, global downstream derivatives; Carol Ottaway has been appointed vice president, supply chain, logistics and IVL transition; Chad Anderson has been appointed vice president manufacturing; Kim Knotts has been appointed director EHSQ; Steve Thallemer has been appointed chief finance officer. Thallemer was previously with IVOG; Leo Guglielmi has been appointed vice president and legal counsel and Paul Fusco has been appointed director of HR.
 
"We are taking an important step to set IVL on a successful path forward. With the creation of a more focused segment and great leaders in place, we will be able to more effectively build upon our competitive advantages to create greater value for our customers and stakeholders," Dilip Kumar Agarwal, CEO of Feedstock and PET said.   
 
"I am pleased to welcome Alastair and his senior leadership team onboard. I am confident that under Alastair's oversight, the new team will be well-positioned to lead IVL to the next phase of its development," Agarwal added.

Fibre2Fashion News Desk (JL)


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