Elemica Names Board of Directors Co-Chairmen
Andrew Liveris and Dr. Richard Pott to Co-Chair Board Of Leading Global E-Marketplace for Chemicals Industry
PHILADELPHIA, March 26, 2001- Elemica, a neutral e-marketplace founded by some of the world's leading chemical companies to serve the global chemical industry, today announced that Andrew Liveris, business group president for Performance chemicals, The Dow Chemical Company, and Dr. Richard Pott, general manager, specialty chemicals Business Group, for Bayer, have been named co-chairmen of Elemica's board of directors.
Liveris and Pott are members of Elemica's current board, representing The Dow Chemical Company and Bayer, two of Elemica's eight founding companies. Liveris and Pott will assume their roles as co-chairmen effective immediately.
"Our co-chairmen were selected based on their extensive chemical industry experience and the outstanding leadership they have already demonstrated as Elemica board members," said Kent Dolby, president and CEO of Elemica. "We are confident they will play a vital role in Elemica's growth and will drive the company to achieve ever-higher levels of performance."
According to Liveris and Pott, one of their first initiatives will be to expand the breadth of the Elemica board by adding new members from outside the company's investor base.
"Elemica is setting the standard for e-business in the chemical industry," said Liveris. "By bringing in additional board members from the outside, we will expand our expertise and further strengthen our business model."
"Elemica is in a true leadership position, given its liquidity and reach," added Pott. "Expanding the board to include leading players in the e-business industry will enhance our competitive advantage and contribute to the future success of this dynamic organization."
The current Elemica board of directors is comprised of one representative from each of the company's eight founders - ATOFINA, BASF, Bayer, BP, The Dow Chemical Company, DuPont, Rohm and Haas and Shell - and one delegate representing the 14 other investor companies.
In addition to Liveris and Pott, current Elemica board members include: Robert Azerad, vice president of ATOFINA; Dr. Kurt Wilhelm Bock, president of the Logistics and Information Services Division of BASF; Mike Buzzacott, group vice president-Chemicals for BP; Jeffrey A. Coe, vice president and general manager of DuPont Chemical Solutions Enterprise; Manabu Fujise, president of Mitsui Chemicals America; Jerry Lee Golden, president and CEO of Shell Chemical Company, and Bruce Hoechner, director of global business processes for Rohm and Haas.
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