Celanese Corporation (NYSE: CE) has announced the election of Bruce Chinn to its Board of Directors, effective September 15, 2024. The addition of Mr. Chinn brings the total number of Board members to eleven, with ten being independent.
Mr. Chinn, 67, has a wealth of experience in the global chemicals industry, having most recently served as President, Chief Executive Officer, and a Director of Chevron Phillips Chemical Company LLC until March 2024. Prior to his role at Chevron Phillips Chemical, he held various operational and business positions at Chevron Corporation and also worked at DuPont, where he began his career in 1978.
Celanese Corporation, a Fortune 500 company, reported approximately 12,400 employees worldwide and 2023 net sales of $10.9 billion. Lori Ryerkerk, Chair, Chief Executive Officer, and President of Celanese Corporation, expressed her pleasure at welcoming Mr. Chinn to the Board, citing his exceptional manufacturing and technical background, as well as his extensive leadership experience in the global chemicals industry.
As Celanese continues to strengthen its Board of Directors, the company is poised to benefit from Mr. Chinn's valuable depth of experience in the industry, ultimately enhancing value for stakeholders.
This announcement comes as Celanese Corporation maintains its position as a global leader in chemistry, producing specialty material solutions used across various industries and consumer applications. The company emphasizes sustainability by responsibly managing the materials it creates and growing its portfolio of sustainable products to meet customer and societal demand. The market has reacted to these announcements by moving the company's shares -1.2% to a price of $120.04. Check out the company's full 8-K submission here.
