MOSCOW (MRC) -- NOVA Chemicals Corporation announced the appointment of Mr. Roger Kearns as President and Chief Executive Officer, effective June 12, 2023, said the company.
Mr. Kearns most recently served as the Chief Operating Officer of Westlake Corporation, the global diversified manufacturer of essential products (NYSE: WLK) with 15,000 employees, which recorded net sales of USD USD15.8bn and annual net income of USD2.2bn in 2022.
Mr. Kearns succeeds Mr. Danny Dweik, who has served as interim President and CEO of NOVA Chemicals since October 2022. Mr. Dweik will remain a member of NOVA’s Board of Directors and return to his role as Head of Industrials and Business Services at Mubadala Investment Company (Mubadala), the USD284bn Abu Dhabi-based investor.
Mr. Kearns is a senior executive with extensive international leadership experience in both the commodity and specialty chemicals environments. During his tenure at Westlake, he formerly served as Executive Vice President, Performance and Essential Materials, driving large-scale revenue growth and leading the acquisition of Hexion’s global epoxy business.
Mr. Ahmed Yahia Al Idrissi, Chairman of NOVA Chemicals, said: “Roger has impeccable industry knowledge, operational depth and a proven track record in driving performance improvements, combined with the ability to mobilize and lead large organizations. We are confident he will deliver NOVA’s 2030 vision of becoming North America’s leading sustainable polyethylene producer.”
We remind, OVA Chemicals Corporation announced that it has signed a long-term Virtual Power Purchase Agreement (“VPPA”) with Shell Energy North America (Canada), Inc. to purchase 20 MW of renewable power and associated emissions offsets beginning in spring 2023. The power will be produced by BluEarth Renewables Inc. (“BluEarth”) at its Hand Hills Wind Project near Drumheller, Alberta upon the project’s commercial operation.