Solvay - AGM 14 May 2019
This year, the company had an important management change. Indeed, Jean-Pierre Clamadieu resigned from his position as CEO and is replaced by Ilham Kadri. The new CEO will be proposed to the board along with two re-appointments.
We regret that the Company continues to grant stock options without performance conditions, even if it is allegedly justified by the fact that the company is Belgian.
Solvay is engaged in chemical and plastic businesses worldwide. Co. offers chemical products such as advanced materials, barium strontium, calcium chloride, caustic soda, chlorinated products, fluor, peroxygen products, polyglycerols, precipitated calcium carbonate, soda ash, and sodium bicarbonate. It also provides specialty polymers, such as Spire ultra polymers, Solviva biomaterials, and sulfone polymers. Co. structures its activities around five operating segments: Advanced Formulations, Advanced Materials, Performance Chemicals, Functional Polymers and Corporate & Business Services, each with its own specific business model and each comprised of Global Business Units (GBUs).
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