Solvay announces the future Board of Directors for new standalone SYENSQO

Solvay announces the future Board of Directors for new standalone SYENSQO

Diverse, experienced board of exceptional leaders ideally suited to oversee growth and value creation

  • By ICN Bureau | November 06, 2023

Solvay announced the future Board of Directors of SYENSQO, effective upon completion of the planned separation of Solvay into two companies – SOLVAY and SYENSQO – which is on track to be completed in December 2023.

Nicolas Boël, Chairman of Solvay’s Board of Directors, said, “We are excited to have identified a group of world-class directors who collectively bring extensive leadership, innovation, business development and institutional expertise directly aligned with the company’s mission, as well as fresh perspectives and a deep commitment to driving superior value to shareholders. I am confident this Board will engage effectively with the management team to propel SYENSQO into the future as an innovation and customer-centric leader, ready to discover and bring to market breakthrough technologies that will extend the boundaries of what is possible in materials and consumer applications.”

Rosemary Thorne, Incoming Chair of the SYENSQO Board of Directors, said, “Solvay has been at the vanguard of the industry since the Company’s founding, always with a relentless passion for human progress. I want to thank Nicolas Boël for being instrumental in this success during his twelve-year tenure as Chairman. The Board we have unveiled today is a testament to diversity and inclusion as well as globalization, representing our customers’ footprint - including 8 nationalities, 60% of women and one US-based female director - with decades of complementary experience in governance, finance, industry, innovation, sustainability and talent management. Their combined competence fits the needs of the future SYENSQO and I look forward to working together with my fellow directors to capitalize on the numerous opportunities we see ahead for the company to create technologies and solutions that enable a more sustainable world.”

Dr. Ilham Kadri, future CEO and member of the Board of Directors of SYENSQO, said, “I am thrilled to start working with Rosemary Thorne and the other members of this expert Board, which represents the diversity of our global stakeholders. I am also looking back on the tenure of Nicolas Boël with emotion and gratitude. Under his wise guidance, harmonious collaboration between Solvay’s Executive Committee and Board of Directors allowed my team and I to reinvent the Group, deliver superior financials and execute on the ambitious One Planet goals, which laid the groundwork for the creation of two companies and for unleashing SYENSQO towards a bright future of growth and value creation. ”

SYENSQO’s Board will be composed of 10 members, including 6 independent members, 3 members representing the reference shareholder, Solvac, and the company CEO. They have deep expertise in specialty industries, international business operations, risk management, corporate governance, finance and clean technology.

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