NOVA Chemicals Announces Board of Directors Changes

James M. Stanford Will Succeed J.E. (Ted) Newall as Chairman

12-Feb-2007

NOVA Chemicals Corporation announced that J.E. (Ted) Newall, Chairman of the Board of Directors of NOVA Chemicals, will step down as planned at the end of his current term at the annual shareholder meeting on April 12, 2007. The Company also announced that James M. Stanford has been elected by the Board to succeed Mr. Newall as Chairman, and Chris Pappas, NOVA Chemicals' Chief Operating Officer, has been appointed to the Board of Directors of NOVA Chemicals. Mr. Stanford will take on his new role pending his re-election by shareholders during the Company's annual shareholder meeting. Mr. Pappas' appointment is effective immediately and he will stand for election at the Company's annual shareholder meeting.

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