MOSCOW (MRC) -- Arkema has promoted Anthony O’Donovan, regional group president for its Americas fluorochemicals operations, to CEO of Arkema Inc, where he will cover the France-based producer’s operations in the US, Mexico and Canada, said the company.
O’Donovan joined Arkema in 2013 as global supply chain director for fluorochemicals. He most recently served as Americas fluorochemicals president.
O'Donovan will replace Richard Rowe who is due to retire. He will take up the reins on 1 November after a transition period.
Arkema’s North America subsidiaries employ around 4,000 people across 40 sites, and generated 33% of group revenue in 2020, the company added.
As per MRC, Arkema announces the proposed divestment of its epoxides business to Cargill, a leader in agricultural products and services. With this project, Arkema is pursuing the repositioning of its portfolio on its core businesses. Arkema produces bio-based and specialty epoxides in Blooming Prairie (MN, USA), used as additives or intermediates in the manufacture of lubricants, plastic additives and a wide variety of other applications. Part of Arkema’s Hydrogen Peroxide activity, this business has limited integration with the rest of the Group’s portfolio, generates sales of around US USD40 million and employs approximately 45 people.
As per MRC, Arkema is further increasing its fluoropolymer production capacities in Changshu, China, by 35% in 2022. The increase in capacity is scheduled to come on stream before the end of 2022, the company said in a statement. Financial and overall capacity details of the expansion project were not disclosed.
Arkema is one of the world's leading chemical manufacturers headquartered in Colombes (near Paris, France). Founded in 2004 as a result of the restructuring of the French oil company Total, Arkema, with a turnover of EUR6.5 billion, has operations in 40 countries, 10 research centers around the world, and 85 plants in Europe, North America and Asia.
MRC