Stedman and Yarkadas Join as Business Presidents; Reverberi, Al
Jabi Named to New Business Director Roles
BERWYN, Pa.--(BUSINESS WIRE)--
Trinseo
(NYSE:TSE), a global materials company and manufacturer of plastics,
latex and synthetic rubber, has announced a number of leadership changes
to add depth to the executive team, and in support of the company’s
continued emphasis on governance and succession planning.
“These changes to our executive leadership team reflect Trinseo’s
continued maturation as a public company,” said Chris Pappas, President
and CEO of Trinseo. “We are establishing the COO position as an interim
role as the company implements a number of strategic initiatives that
must be integrated into our businesses. Martin Pugh’s broad industry
experience makes him the ideal executive to drive these strategic
initiatives.”
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Martin Pugh, Senior Vice President and Business President for
Performance Materials, has been named Executive Vice President and
Chief Operating Officer (COO) of Trinseo. He will report to Chris
Pappas, President and CEO of Trinseo. In this newly created interim
role, Pugh will elevate his focus to stimulate and support
cross-business optimization initiatives; lead, mentor and partner with
the new Business Presidents on key strategic business issues; and
support strategic efforts across the company.
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Tim Stedman will join Trinseo as Senior Vice President and
Business President, Basic Plastics and Feedstocks. He will report to
Pugh. Stedman was most recently Business Director, Basic Chemicals, at
ExxonMobil Chemical. During his 22-year career at ExxonMobil Chemical,
Stedman worked in manufacturing, commercial, product management,
strategy development and global business leadership, including
assignments in Belgium, the U.S. and the U.K. He has a bachelor’s
degree in Chemical Engineering from University of Manchester Institute
of Science and Technology. Stedman will join the Executive Leadership
Team (ELT) and be based in Horgen, Switzerland.
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Hayati Yarkadas will join Trinseo as Senior Vice President and
Business President, Performance Materials. He will report to Pugh.
Yarkadas was most recently Senior Vice President and General Manager,
Europe, for Tate & Lyle. Prior to that, he worked for DuPont in a
series of sales and marketing manager roles, and later was Global
Business Director for Advanced Glass Interlayers, and General Manager
of the DuPont Teijin Films joint venture. He has a master’s degree in
Mechanical Engineering from Istanbul Technical University, and an MBA
from Imperial College London. Yarkadas will join the Executive
Leadership Team (ELT) and be based in Horgen, Switzerland.
“The additions of Hayati Yarkadas and Tim Stedman as Business Presidents
will add tremendous experience and industry knowledge to further our
business strategies,” said Pappas. “As Trinseo continues to mature as a
public company, these moves will add depth to our executive leadership.”
In addition, the following leadership changes were recently announced in
the business units.
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Francesca Reverberi, Global Business Director, Synthetic
Rubber, has been named Global Business Director for the newly created
Basic Plastics business. She will have global business responsibility
for the Styrenic Polymers (including Polystyrene, ABS and SAN) and
Polycarbonate businesses. Reverberi joined Trinseo in 2010 as Product
Director for Latex Europe and Americas, and later moved to the
Synthetic Rubber business as Product Director in 2011. She was named
to her most recent role as Global Business Director in January 2012.
Prior to Trinseo, she held a variety of business leadership roles at
Dow Chemical, including product director for Emulsion Polymers, market
researcher, account manager and commercial manager for Aromatics
Derivatives. Prior to joining Dow, she completed her thesis while at
Agip Petroli (Sannazzaro refinery), an Italian Petrochemical company.
She has a master’s degree in Engineering from Politecnico di Milano,
and an MBA from SDA Bocconi. Reverberi will report to Stedman and
remain located in Horgen, Switzerland.
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Celso Magri, Marketing Manager, Styrenic Polymers, Europe/MEA,
has been named Global Product Director, Basic Plastics. He will have
global product management responsibility for Styrenic Polymers
(including Polystyrene, ABS and SAN) and Polycarbonate. Magri joined
Trinseo in 2013 as Styrenic Polymers Marketing Manager for Europe. He
has more than 20 years of experience in marketing, sales and business
development in Dow Europe and Rohm and Haas. He has a master’s degree
in Engineering from Escola Politecnica-USP, and an MBA from London
Business School. He will report to Reverberi and remain located in
Horgen, Switzerland.
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Samer Al Jabi, Global Product Director for Styrenic Polymers,
has been named Global Business Director, Synthetic Rubber. Al Jabi
joined Trinseo in 2010 as Global Market Manager for Construction,
Infrastructure, and Transportations markets, and was promoted to his
current role in 2012. Prior to Trinseo, held positions at Dow Chemical
in sales, marketing and new business development. Prior to Dow, he
worked in sales roles in the construction sector in Jordan and the
United Arab Emirates. Al Jabi has a master’s degree in Mechanical
Engineering from Jordan University of Science & Technology, and an MBA
from The University of Sheffield in England. He will report to
Yarkadas and remain located in Horgen, Switzerland.
“These changes in business leadership are in recognition of the
continued development of these talented leaders,” said Pappas. “It also
demonstrates the company’s commitment to career growth from within and
leadership development for our people.”
All roles are effective November 1, 2015.
About Trinseo
Trinseo is a leading global materials company and manufacturer of
plastics, latex and rubber, dedicated to collaborating with customers to
deliver innovative and sustainable solutions. Trinseo's technology is
used by customers in industries such as home appliances, automotive,
building & construction, carpet, consumer electronics, consumer goods,
electrical & lighting, medical, packaging, paper & paperboard, rubber
goods and tires. Trinseo had approximately $5.1 billion in revenue in
2014, with 19 manufacturing sites around the world, and approximately
2,100 employees. More information can be found on Trinseo's
website. Formerly known as Styron, Trinseo completed its renaming
process in the first quarter of 2015.
Note on Forward-Looking Statements
This press release may contain “forward-looking statements” within
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Securities Litigation Reform Act of 1995. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,”
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“potential,” “continue,” and similar expressions are intended to
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that involve known and unknown risks, uncertainties and other factors
that may cause results, levels of activity, performance or achievements
to differ materially from results expressed or implied by this press
release. As a result of the foregoing considerations, you are cautioned
not to place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.
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Source: Trinseo