Westlake Corporation (NYSE: WLK) has announced the appointment of Jean-Marc Gilson as the new President and CEO, succeeding Albert Chao. In addition, James Chao will transition to become the Senior Chairman of the Board. This change in leadership comes as the company seeks to implement its succession plan.
Jean-Marc Gilson brings with him 25 years of executive experience in the chemicals industry, having most recently served as President and CEO of Mitsubishi Chemical Group Corporation. He is described as a seasoned leader with a proven ability to deliver sustained financial performance.
As of the announcement, Jean-Marc Gilson will also become the President and CEO and a director of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (NYSE: WLP).
Westlake Corporation, a global manufacturer and supplier of materials and innovative products, is headquartered in Houston and operates in Asia, Europe, and North America.
These leadership changes mark the beginning of a new chapter for Westlake Corporation, as it looks to continue its track record of delivering market-leading results, sustained shareholder value creation, and disciplined growth. As a result of these announcements, the company's shares have moved 0.1% on the market, and are now trading at a price of $146.78. For the full picture, make sure to review Westlake's 8-K report.
