Peter R. Huntsman elected Chairman of the Board of Directors
Huntsman Corporation announced on December 19, 2017, that Peter Huntsman, President and Chief Executive Officer, has been elected Chairman of the Board of Directors of the Company, an additional role he will assume as of January 1, 2018. The Company’s founder, Jon M. Huntsman, will be stepping down as Executive Chairman on December 31, 2017 and the role of Executive Chairman will be eliminated. After serving as Executive Chairman of the company he founded 48 years ago, Mr. Huntsman will continue to serve on the Board of Directors as a Director and Chairman Emeritus.
New Chairman of the Board and CEO Peter Huntsman commented: “I am honoured to be taking on this responsibility at a time when the Company has never been stronger and had more opportunities before it. This will be a smooth transition as our founder, my father, will continue in a valuable capacity as a Board member, maintaining vital relations with customers, suppliers, and policy makers as well as sharing his total 56 years of industry experience.”
Jon Huntsman, Sr. further commented: “It’s a high honour to turn the chairmanship role over to Peter Huntsman, who I consider to be one of the world’s outstanding CEO’s. Huntsman Corporation will continue to experience its sound growth and strong financial controls under Peter’s experienced oversight. It has been both a great challenge and a special privilege to be chairman for almost half a century.”
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2016 revenues of approximately USD 7 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 75 manufacturing, R&D and operations facilities in over 30 countries and employ approximately 10000 associates within our four distinct business divisions.
Hans Sohlström appointed President and CEO of Ahlstrom-Munksjö
The Board of Directors has today appointed Hans Sohlström President and CEO of Ahlstrom-Munksjö, effective as of June 30, 2018, at the latest. Sohlström is currently the President and CEO of Ahlström Capital Group.
Ahlstrom-Munksjö’s current President and CEO Jan Åström, (b. 1956), will retire from the position on June 30, 2018, at the latest. He has been the President and CEO of the company since its creation through the merger of Ahlstrom Corporation and Munksjö Oyj on April 1, 2017, and before that he was the President and CEO of Munksjö since 2008.
“The Ahlstrom-Munksjö Board of Directors is very pleased with how the integration following the merger is progressing. As previously communicated we expect to deliver above the original synergy plan and the synergy benefits are already clearly visible in our results. The Board feels that we are now in a natural and strong position to move forward. With the appointment of Hans Sohlström as the new CEO in Ahlstrom-Munksjö we expect him to take us to the next level by continuing in executing on our long-term financial targets and our strategic growth plan. We truly believe that Hans through his skills, experience and passion will be a driving force in creating further value to all of our stakeholders“ says Vice Chair Peter Seligson.
“Jan Åström has done an excellent job in leading the integration of the merged company and before that he very successfully transformed the operations at Munksjö. On behalf of the Board and the company, I would like to offer our warmest thanks to Jan Åström for his commitment and hard work for Ahlstrom-Munksjö and its predecessor Munksjö,” Peter Seligson concludes.
”The merger of Ahlstrom and Munksjö and the subsequent integration of the two companies have been among the most interesting, yet challenging tasks of my professional career. I have truly enjoyed every minute of it. I will give my full attention and commitment to leading this company until the succession has been completed in a successful way,” Jan Åström says.
Hans Sohlström, M.Sc (Tech.) and M.Sc. (Econ.), (b. 1964), has been the President and CEO of Ahlström Capital since early 2016. Before that he worked for 3.5 years as the President and CEO of Rettig Group and 24 years in various leadership positions at UPM-Kymmene Corporation, of which eight years as member of the Group Executive Team. At UPM, Hans Sohlström gained experience from leading corporate and new business development, sales and marketing as well as operations as a Mill Director.
“I know Ahlstrom-Munksjö very well and I’m passionate about its business and mission to create innovative and sustainable fiber-based solutions. I am very excited to take this position and about the company’s future value creation potential,” Hans Sohlström says.
Hans Sohlström will continue as the Chairman of the Board until the end of the Annual General Meeting in 2018, but refrain from participating in the work of the Shareholders’ Nomination Board. The Board of Directors has today resolved to change the composition of the Human Resources Committee and elected Peter Seligson as new member and Hannele Jakosuo-Jansson as Chair of the Human Resources Committee instead of Hans Sohlström. The members of the Human Resources Committee are Hannele Jakosuo-Jansson (Chair), Peter Seligson and Johannes Gullichsen. All the members of the Human Resources Committee are considered independent of the company and its significant shareholders.”
Hans Sohlström will be based at the company’s head office in Stockholm with a working desk also at the Helsinki office.
The search process was initiated by the Board of Directors early fall 2017 being led by a recruitment committee within the Board of Directors, consisting of the Vice Chairs Elisabet Salander Björklund, Peter Seligson and Board Member Hannele Jakosuo-Jansson.
Global Retailing announces Tom Clark as Brand Partner
Global Retailing Limited today announced on December 22, 2017 the appointment of Tom Clark as Brand Partner. Tom will join the group in December 2017, from M. H Alshaya Co. where he has served as Vice President, since 2013, leading M. H Alshaya’s growth to become one of the largest fashion retailers in the Middle East. Previously he was Business Director, Arcadia Brands
Brendan Dorrian, Non Executive Chairman, commented: “I am delighted to announce the appointment of Tom Clark as the latest Brand Partner of Global Retailing. As part of our ongoing, rigorous selection process, Tom’s wealth of retail operating and brand expertise, international experience and clear leadership qualities stood out. I am confident we have the best possible person to realise the potential offered by our brands and clients.”
Tom Clark commented: “I am excited to be joining Global Retailing and working with the team and I am sure that by building on existing relationships and country insight we can help accelerate growth and deliver significant results for brands”
Global Retailing operates globally across three divisions: Trading, Consulting and Philanthropy. Trading distributes beauty brand globally; Consulting defines and accelerates global growth strategies through its network of relationships within Retailers’ boardrooms; Philanthropy works with women emerging from an abusive past to elevate their self-esteem and assist them into the work-place.