NOVA Chemicals announced the membership of its new Board of Directors, including the appointment of Dr. Gerhard Roiss as Chairman of the Board and Mohamed Al Mehairi as Vice Chairman. International Petroleum Investment Corporation (IPIC) and OMV Aktiengesellschaft (OMV) recently received clearance from the European Commission with respect to their plans for potential joint control of NOVA Chemicals. Accordingly, effective November 10, 2009, NOVA Chemicals' Board was expanded to consist of seven directors.
The members of the new NOVA Chemicals Board are:
- Gerhard Roiss, Chairman – Deputy CEO of OMV and Chairman of Borealis AG (Borealis) Supervisory Board
- Mohamed Al Mehairi, Vice Chairman – Director, Investments of IPIC, member of Borealis Supervisory Board
- David C. Davies – Chief Financial Officer (CFO) of OMV, member of Borealis Supervisory Board
- Georg F. Thoma – Shearman Sterling LLP
- Philip J. Brown – Torys LLP
- Mark Garrett – Chief Executive Officer (CEO) of Borealis
- Randy G. Woelfel – CEO Designate of NOVA Chemicals
In addition, NOVA Chemicals confirmed that November 16, 2009 is the effective date for the previously announced appointments of Randy Woelfel as CEO and Todd Karran as CFO and Treasurer.
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Stephen B. Soules joins NOVA Chemicals Board of Directors
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Randy G. Woelfel To Become New NOVA Chemicals CEO
NOVA Chemicals announced that Randy Woelfel has joined the company and will become its Chief Executive Officer. Woelfel will replace Christopher D. Pappas who earlier announced his retirement. Woelfel began his career with Shell Oil Company in 1977, and was a key member of the team which ... more
NOVA Chemicals develops and manufactures chemicals and plastic resins that make everyday life healthier, easier and safer. Our employees work to ensure health, safety, security and environmental stewardship through our commitment to sustainability and Responsible Care®. NOVA Chemicals, head ... more
