Nouryon Announces New Structure to Support Growth Strategy
Nouryon’s new model is organized around three market-focused businesses: Technology Solutions, Industrial Chemicals, and Performance Formulations.
Nouryon recently announced a new organizational model as part of its strategy to accelerate growth and drive performance improvement. The new model, which will take effect January 1, 2020, is organized around three market-focused businesses supported by a centralized operations and functional structure.
The three businesses and their leaders include:
- Technology Solutions—Johan Landfors has been named president; he was formerly managing director for Polymer Chemistry.
- Industrial Chemicals—Knut Schwalenberg continues as president.
- Performance Formulations—The president for this business will reportedly be named at a later date.
Leading the operations organization will be Lanny Duvall, who will continue his role as chief integrated supply chain officer. Nouryon reports that having centralized operations will drive efficiency and performance improvements based on strong regional hubs to support the company’s manufacturing base, while the businesses can focus on customers and unique value propositions.
“This optimized model will allow our businesses and support organizations to concentrate on what they do best,” said Charlie Shaver, CEO. “Each business will have a clear mission, driving management focus.”
Performance Formulations includes business lines based on tailored performance that require a high level of customer intimacy, such as those for personal care and agriculture. Technology Solutions focuses on products that are an integrated part of customer processes, such as catalysts and additives for the polymer and pulp industries. Industrial Chemicals builds on the company’s salt-chlorine value chain.
“This model will make us more market-focused and better equipped to meet customers’ needs,” Shaver said. “I look forward to working with the leadership team to deliver on our growth strategy.”
For more information, visit www.nouryon.com.