Equipolymers has announced the retirement of President & CEO, Graham Fox, effective March 31, 2009. Succeeding Fox as President and CEO will be Henry Roth, currently President & CEO of MEGlobal, based in Dubai, UAE. Roth will retain his role at MEGlobal in addition to the new responsibility with Equipolymers. Both companies are 50/50 joint ventures of The Dow Chemical Company (Dow) and Petrochemical Industries Company (PIC), a wholly owned subsidiary of Kuwait Petroleum Corporation. The organizations will remain separate legal entities. Roth assumed his additional responsibilities as of April 1, 2009.
We anticipate a seamless experience for these companies under Henry Roth’s leadership,” said Juan Luciano, Senior Vice President, Hydrocarbons and Base Plastics with The Dow Chemical Company. “Henry’s vast joint venture experience and familiarity with these two organizations make him ideally suited to assume this additional responsibility.”
“Henry’s appointment to this role is a logical next step with Graham retiring,” said Maha Hussain, Chairman and Managing Director of PIC. “There are already many synergies between the two organizations and this move will help us to manage both companies more efficiently during this challenging economic period.”
Roth joined Dow in 1977 and held a series of leadership roles in sales and marketing in several Plastics and Chemicals businesses. His Dow career has brought him to various locations in Europe, Africa and the U.S. In 1993, he became Business Manager, Polystyrene in Europe and, in 1996, moved to the Hydrocarbons & Energy Business as Business Director, Olefins in Europe. In 1999, he was named Dow’s Global Purchasing Director for Raw Materials Chemicals. He was named to his EQUATE Senior Vice President role in July 2001, where he represented Dow’s interest within the EQUATE joint venture and shared executive responsibility with the CEO. He was also the President of EQUATE Marketing Company. He was named CEO of MEGlobal in March, 2006.
| Jan Huisman Business Communications Equipolymers Tel: +41 44 728 3142 jhuisman@dow.com | Nancy Fullerton Business Communications MEGlobal. Tel: +971 (0)4 2923 917 nfullerton@meglobal.biz |
