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Changes in Styrolution management

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12/01/14

Frankfurt, Germany

Frankfurt, Germany – December 1, 2014 –Styrolution, the global market leader in styrenics, announced today a CEO change. Roberto Gualdoni, who has led the company as Chief Executive Officer since the foundation of the joint venture in 2011, has elected to leave Styrolution due to personal reasons.

Kevin McQuade, who has been member of the management board since Styrolution's foundation, first as President Americas and currently as President Europe, Middle East and Africa (EMEA), will succeed as CEO effective January 1, 2015. McQuade can look back on over 30 years of industry experience, working for major players like Mobil, BASF and INEOS.

Quotes:

Andy Currie, Chairman Styrolution: "I would like to thank Roberto for his outstanding track record as CEO of Styrolution. Through his vision, strong leadership and personal determination, he and the team succeeded in setting up a new, dynamic market leader. I am very pleased that, with Kevin, we have a recognized leader with extensive experience in styrenics who will continue the strategic development of the company."

Kevin McQuade, current President EMEA / designated CEO, Styrolution: "I am thrilled to take the role as Styrolution's CEO. We have been a strong team leading Styrolution's business. We will continue Styrolution's success story and will drive the implementation of our Triple Shift growth strategy with utmost determination. It's my personal ambition to make the shifts towards higher-growth industries, towards a portfolio focused on styrenic specialties and ABS Standard, as well as towards a stronger footprint in emerging markets a reality."

Kevin McQuade in profile:

Kevin McQuade (58) currently serves as president, Europe, Middle East and Africa at Styrolution. Kevin McQuade's career began in 1980 at Mobil Chemical Company, where he held various technical, production and commercial positions before moving to BASF in 1992 and becoming Business Director for the Styrenics division. In 2005 he was elected Commercial Director of the Styrenics business unit of INEOS, with responsibility for global sales and marketing activities for styrene monomer and styrenic polymers. He went on to represent INEOS as a board member during the time of the NOVA Innovene joint venture and subsequently becoming CEO of the INEOS NOVA joint venture and later INEOS Styrenics. Kevin McQuade holds chemical engineering degrees from The Cooper Union and the University of Delaware and an MBA from New York University. 

ABOUT INEOS STYROLUTION

INEOS Styrolution is the leading, global styrenics supplier with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 85 years of experience, INEOS Styrolution helps its customers succeed by offering the best possible solution, designed to give them a competitive edge in their markets. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, toys/sports/leisure, and packaging. In 2015, sales were at 5 billion euros. INEOS Styrolution employs approximately 3,100 people and operates 15 production sites in nine countries.