Indorama Ventures Public Company Limited Announces Management Changes
November 01, 2021 at 08:33 pm EDT
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Indorama Ventures Public Company Limited announce that it has strengthened its Indorama Management Council (IMC) ? the company's highest operational management committee by rotating experienced executives and adding the Chief Operating Officers (COOs) of the Fibers and Integrated Oxides & Derivatives (IOD) segments. The elevation of Mr. Christopher Kenneally, COO of Fibers, and Mr. Alastair Port, COO of IOD, to the
IMC, will enable more agile decision making as they build their high-growth segments into self-sustaining organizations that maximize value for IVL stakeholders. The appointments are effective immediately. In a rotation of roles, Mr. Sanjay Ahuja, the current CFO of IVL, will switch to Interim COO of
Combined PET (CPET) for a period of 2 years, effective 1 January 2022, as part of a rotation of senior expertise across the IMC. He will report to Mr. D K Agarwal as CEO, who will take on additional broader responsibilities as CFO. The CPET role rotation will enable new dynamism in this largest
segment of IVL and establish a self-sustaining organization for the permanent successor that IMC selects over this period. Mr. Agarwal will be supported by Mr. Ashok Jain in an enhanced role as Controller, covering Banking & Finance, Global Consolidation, Taxation and M&A. Further, Mr. Klaus Holz will join the IMC as Chief Human Resources Officer, effective 1 January 2022. He replaces Mr. Roberto Bettini who will retire at the end of 2021.
Indorama Ventures Public Company Limited is a Thailand-based petrochemicals producer. The Company operates through three segments: Combined PET, Integrated Oxides and Derivatives (IO), and Fibers. Its Combine PET segment manufactures and distributes polyethylene terephthalate (PET) value chain comprising Paraxylene (PX), Purified Terephthalic Acid (PTA), PET, and recycling (Integrated PET), PET preforms and packaging and specialty PET-related chemicals comprising PIA and NDC. Its Integrated Oxides and Derivatives segment manufactures and distributes integrated EG, integrated purified EO, PO/MTBE and integrated surfactants comprising EOA, LAB and others. Its Fiber segment manufactures and distributes polyester, rayon, nylon, polypropylene, composites and worsted wool fibers, for mobility, lifestyle and hygiene markets. The Company's products are used in health, personal hygiene, human safety and packaging solutions.