Celanese appoints Todd Elliott as SVP

By Tamara Parker • Friday, January 17 15:43 • Permanent Link

Celanese Corporation (NYSE: CE) has announced the appointment of Todd Elliott as Senior Vice President to lead the Engineered Materials (EM) business, effective February 3, 2025. Elliott, who retired from Celanese in 2020, will succeed Tom Kelly, who is stepping down as SVP, Engineered Materials. Elliott brings with him a proven track record, having previously led the Acetyls business, overseen the Acetate Tow business, and held various leadership roles in business, sales, and corporate development at Celanese.

During Elliott's time as head of global sales for EM, he played a crucial role in launching the customer project pipeline model, which has been foundational for the company’s focus on value creation. For the past five years, Elliott has been an independent consultant to clients in the chemicals and polymers industry, providing advisory services related to M&A, financial and operational analysis, end-use applications, and commercial go-to-market strategies.

Scott Richardson, President and CEO of Celanese, expressed confidence in Elliott’s ability to lead the Engineered Materials business, citing his deep industry knowledge, track record of success, and understanding of customers and end-use markets. Richardson also thanked Tom Kelly for his service to Celanese over the last six years and expressed confidence in the company's steps to strengthen its competitive position and deliver performance.

Celanese, a global leader in chemistry and specialty materials, reported 2023 net sales of $10.9 billion and employs approximately 12,400 employees worldwide. The company aims to create value for its customers, employees, and shareholders while supporting sustainability and making a positive impact in its communities.

With this new leadership appointment, Celanese aims to enhance operational efficiency, strengthen its competitive position, and drive improved growth and profitability in the Engineered Materials business. The market has reacted to these announcements by moving the company's shares 1.1% to a price of $72.72. Check out the company's full 8-K submission here.

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