John Sawaya has been appointed as the new President and CEO of Arlanxeo USA LLC and Board Member of Arlanxeo USA Holdings LLC, effective from 1 February 2018. He is also Chairman of the Board of Directors of Arlanxeo Canada Inc. Sawaya succeeds Antonis Papadourakis, who has served as President and CEO for both Lanxess Corporation and Arlanxeo USA, since the Arlanxeo joint venture was established in April 2016. Papadourakis will continue to work in this position for Lanxess.
As already announced in May 2017, Dr. Markus Steilemann, currently Chief Commercial Officer (CCO), will become the new Chief Executive Officer (CEO) of Covestro. He succeeds Patrick Thomas, who will retire prematurely on 31 May 2018 by mutual agreement.
On 8 June 2018, Kraton announced a general price increase of 200 USD/t for all Kraton HSBC polymers. Subject to the terms of any applicable contracts, these price increases will take effect 15 June 2018.
Michael A. Garratt has been appointed as President of Specialty Engineered Materials at PolyOne on an interim basis. He succeeds Craig M. Nikrant, who has left the company. With more than 27 years of experience in the speciality polymer sector, Garratt joined PolyOne in 2013 as president of Performance Products & Solutions, where he served until his appointment to Chief Commercial Officer in 2016.