Indorama Ventures announces new business segment, new leadership team
Indorama Ventures Pcl (IVL), a global chemical producer, has created a newly formed segment named Integrated Oxide, following the acquisition of Huntsman’s integrated ethylene oxide and proplylene oxide assets in Port Neches, Chocolate Bayou and Dayton in Texas, Ankleshwar in India, and Botany in Australia. The new segment will enable the company to leverage operational efficiencies and position IVL for long-term growth and value creation, the company said.
The Integrated Oxide segment comprises integrated ethylene oxides and specialty chemical segment including sought after value-added ethylene oxide derivatives and proplylene oxide derivatives.
IVL has appointed Alastair Port as president of Integrated Oxide, effective from January 3. He will report to Dilip Kumar Agarwal, CEO of the feedstock and PET businesses.
Alastair joined Huntsman in 1988 and was previously global vice president of manufacturing and upstream business at Huntsman.
Alastair’s leadership team will be composed of executives from all integrated businesses:
Joel Saltzman has been appointed senior executive vice president. Joel is currently with Indorama Ventures Oxide and Glycols (IVOG).
The other appointees are: John O Smith, vice president, procurement and upstream. John is currently with IVOG; John Q Smyth, vice president, global downstream derivatives; Carol Ottaway, vice president, supply chain, logistics and IVL transition; Chad Anderson, vice president manufacturing; Kim Knotts, director EHSQ; Steve Thallemer, chief finance officer -- Steve was previously with IVOG; Leo Guglielmi, vice president and legal counsel; Paul Fusco, director of HR.
Dilip Kumar Agarwal, CEO of Feedstock and PET, said, “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.”
