Phosphoric Acid, Phosphates & Fertilizers Experts

Solvay Completes Sale of Charleston Plant and Accelerates Succession of CEO

Solvay has completed the sale of its US facility in Charleston, South Carolina, and the phosphorus derivatives-based products made at the plant to German specialty chemicals company Lanxess. In a separate press release, the company announced that the Board of Directors was informed of Engie’s decision to propose Jean-Pierre Clamadieu as its Chairman following his election as Board Member at the French company’s next Shareholder meeting on May 18, 2018.

Brussels/Belgium — According to the succession plan, Jean-Pierre Clamadieu will remain the Chief Executive Officer of Solvay, focused on the implementation of the Group’s strategic priorities, while assuming his future non-executive position at Engie.

Nicolas Boël, Chairman of the Board of Solvay, said the the Board was now accelerating the process to identify Jean-Pierre’s successor to pursue the strategy launched a few years ago. He also thanked the CEO for his commitment to facilitate a smooth transition.

Both internal and external candidates will be considered during this succession process with the objective to conclude the transition by the end of the year, the company announced.