(Reuters) – Solvay announced on Friday the appointment of Philippe Kehren as future general director, once the Belgian chemical group has been effectively split into two independent companies, Solvay and Syensqo.
Solvay announced in 2022 that it would split into two independent, publicly traded companies, one focused on chemicals and the other on specialty materials and solutions.
Pierre Gurdjian will take the position of chairman of the board of directors of the independent company Solvay and Alexandre Blum that of financial director, the group added.
Ilham Kadri, currently managing director of the Solvay group, will occupy the equivalent position at Syensqo.
The appointments will be effective at the end of the separation process, scheduled for December 2023, the group said.
Solvay also reported on Friday a drop in its quarterly turnover to 2.75 billion euros, down from 3.61 billion euros a year earlier and below the consensus provided by the group at 3.02 billion.
(Written by Diana Mandiá, edited by Blandine Hénault)
©2023 Thomson Reuters, all rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. “Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.