Chemical
Nova Chemical announces retirement of its CEO
Company finalizing arrangements to hire a successor.
- By ICN Bureau
| June 22, 2020
Nova Chemicals Corporation last week announced that Todd Karran, President, CEO and Board Member, has elected to retire, effective August 1, 2020.
Musabbeh Al Kaabi, Chairman of the Board of Directors, said, “On behalf of the Board and shareholder, I would like to thank Todd for his long and devoted service to the company. There have been a number of important milestones achieved under his leadership and we truly appreciate his commitment to the Nova family and, not least, ensuring an unwavering focus on safety. We wish him well as he retires from the company.”
A career veteran of Nova Chemicals, Karran has served as President and CEO since 2015. He has led the company through significant growth and expansion projects including the completion and start-up of a new polyethylene reactor in Alberta, Canada, the decision to expand Nova Chemicals’ geographical footprint into the US Gulf Coast and building a second Advanced SCLAIRTECHTM technology facility in Ontario, Canada.
“It’s been my pleasure and an honor to work alongside such a talented and passionate team for 35 years. I’m incredibly proud of the work we’ve done together and know that there is a bright future ahead for my friends and colleagues that are working to shape a better world,” stated Karran.
Al Kaabi added, “After a thorough process to identify a strong and capable successor, the Board of Directors are finalizing arrangements with a talented and experienced leader and expect to be able to make an announcement shortly.”
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