Solvay
#3020
Rank
$4.29B
Marketcap
Belgium
Country
Dr. Ilham Kadri (Chairman of the Exec. Committee, CEO & Non Independent Director)
Mr. Karim Hajjar (CFO & Member of the Exec. Committee)
Mr. Augusto Di Donfrancesco (Pres of Specialty Polymers & Member of the Exec. Committee)
Summary
History
Founded in 1863 by Ernest Solvay and his brother Alfred Solvay to produce sodium carbonate by the Solvay process, the company has diversified into two main sectors of activity: chemicals and plastics. Before World War I, Solvay was the largest multinational company in the world. It was formerly also active in pharmaceuticals, but agreed to sell that entire division to Abbott Labs for €4.5 billion in September 2009, a deal completed in February 2010.
In April 2011, the firm agreed to the €3.4 billion acquisition of French-based chemicals company Rhodia which was completed in September 2011.
Since January 2012, the new Solvay is listed on the NYSE Euronext in Paris and joined the CAC 40 index in September 2012. Solvay is historically listed on the NYSE Euronext in Brussels and part of BEL20 index.
Following its integration with Rhodia, the Committee of Executive Members at Solvay reorganised its various business units into five segments – Consumer Chemicals, Advanced Materials, Performance Chemicals, Functional Polymers and Corporate & Business Services, effective from 2013.The company is a supporter of the Solvay Conferences that were started by Ernest Solvay in 1911.On December 3, 2015, Solvay launched a share issue sent to existing shareholders, completing funding for the $5.5 billion purchase of Cytec Industries Inc.
Mission
Vision
Key Team
Mr. Marc Chollet (Chief Strategy Officer & Member of Exec. Committee)
Mr. Herve Tiberghien (Chief People Officer & Member of Exec. Committee)
Mr. Dominikus Golsong (Group Gen. Counsel & Member of Exec. Committee)
Mr. Geoffroy Raskin (Head of Investor Relations)
Ms. Jodi Allen (Head of Investor Relations)
Nathalie van Ypersele (Head of Communications & GM of Communication)
Ms. An Nuyttens (Pres of Aroma Performance & Silica Bus.es)
Recognition and Awards
References
Dr. Ilham Kadri (Chairman of the Exec. Committee, CEO & Non Independent Director)
Mr. Karim Hajjar (CFO & Member of the Exec. Committee)
Mr. Augusto Di Donfrancesco (Pres of Specialty Polymers & Member of the Exec. Committee)