Celanese Will Benefit From Growing Its Low-Cost Acetic Acid Production
On April 8, Celanese announced that CEO Mark Rohr will step down and assume the role of executive chairman of Celanese's board of directors, effective May 1. Lori Ryerkerk will become CEO and also serve as a member of the board of directors. Ryerkerk has held a variety of leadership roles throughout her 35-year career. Her most recent position before joining Celanese was executive vice president of global manufacturing at Royal Dutch Shell, where she led all chemical and refining operations glob...Celanese is a holding company. Through its subsidiaries, the company is a chemical and specialty materials company. The company is a producer of engineered polymers and a producer of acetyl products, which are intermediate chemicals. The company's segments are: Engineered Materials, which develops, produces and supplies a portfolio of specialty polymers for automotive and medical applications, as well as industrial products and consumer electronics; Acetate Tow, which is a producer and supplier of acetate tow and acetate flake, primarily used in filter products applications; and Acetyl Chain, which includes the chain of intermediate chemistry, emulsion polymers and ethylene vinyl acetate polymers businesses.
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