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Elkem ASA announces Michael Koenig as new CEO

  10/9/2019 - Olso, Norway - Elkem ASA announced the current chairman of the board of Elkem ASA, Michael Koenig will assume the position of CEO of Elkem ASA from 1 December 2019. The current CEO, Helge Aasen, will step down after more than ten years in the position and will continue as a board member of China National Bluestar. In addition, the nomination committee has nominated Helge Aasen to become a member of the board of directors of Elkem ASA. Hao Zhigang, current member of the board of Elkem, will assume the position of chairman of the board of Elkem as Michael Koenig resigns from the board. “The board has appointed Michael Koenig to follow Helge Aasen after his more than ten years in the position. As chairman of the board of Elkem the last three years, Michael Koenig has worked closely on Elkem’s strategy and has in-depth industry knowledge of Elkem’s industries and operations. He will have an excellent background to develop Elkem further”, says Hao Zhigang, assuming chairman of the board of Elkem ASA. Michael Koenig is 56 years old and is currently the CEO of China National Bluestar, a position he has held since January 2016. He has extensive professional experience from the Bayer group in which he has held various positions, including CEO of Bayer Group Greater China and head of Polycarbonates Business Unit of Bayer Material Science. He holds a degree in chemical engineering from the Chemical Engineering Department of the TU Dortmund University in Germany. “Elkem is an industry leader and has a strong platform for further growth. Through my years as both a chairman of the board of Elkem and working in the industry in general I feel privileged to assume this position. I am very confident that Elkem will continue to deliver on our ambitions and grasp the opportunities that lie ahead”, says Michael Koenig, assuming CEO of Elkem ASA. Helge Aasen has been in the position of CEO of Elkem since 2009, and with Elkem since 1990 in various positions. “I would like to use the opportunity to thank Helge Aasen for his leadership of Elkem over the last ten years. Under Helge Aasen’s leadership Elkem has had strong results and successfully been through many changes, including the acquisition of Elkem by China National Bluestar, the integration of Bluestar Silicones into Elkem and the relisting on the Oslo Stock Exchange last year. During his period the company has transformed from an upstream metal producer to an advanced chemicals and materials company well positioned for the future. With his close to 30 years of experience from the company in total I am very glad that he has been suggested as a member of the board”, says Koenig. “It has been an amazing journey for close to 30 years in total and I am proud of what we have achieved over these years, including the last ten years where I have had the privilege of holding the position of CEO. Elkem is well positioned for the future, and I look forward to continuing to be a part of the company as a member of the board”, says Helge Aasen, resigning CEO of Elkem ASA. Additionally, changes were announced to the Board of directors of Elkem ASA. Hao Zhigang, current member of the board, has been appointed by the board of directors as new chairman of the board following Michael Koenig’s resignation from the board. The changes will be in effect from 1 December. The nomination committee has proposed Helge Aasen as a new member of the board

Friday, October 18, 2019

Struktol's additives and technical solutions showcased on redesigned website - click to expand

CPI announces two distinguished leadership award winners - click to expand

Solvay’s Veradel PESU line in India comes on-stream - click to expand

Michigan Rubber Group announces November technical meeting - click to expand

Book of the Day - Resistance and Stability of Polymers - click to expand

CPI survey reveals strength of polyurethanes across U.S., Canada and Mexico - click to expand

Thursday, October 17, 2019

Center for the Polyurethanes Industry announces winner of the 2019 Polyurethane Award - click to expand

Lanxess introduces a vulcanization accelerator for all types of rubber - click to expand

ARPM unveils training module: Job Setup and Production Flow - click to expand

Dow expands Nordel EPDM portfolio - click to expand

Global agricultural tire market forecast at $7.5 billion by 2024 - click to expand

Wacker presents liquid and solid silicone rubber grades with enhanced product and processing properties - click to expand

Goodyear declares quarterly dividend - click to expand

Wednesday, October 16, 2019

Michelin introduces Endurance XT Silicone Beam wiper blade - click to expand

Adhesives and sealants market forecast to reach $73.8 billion by 2024 - click to expand

Huber Engineered Materials nearly completes Martinswerk expansion - click to expand

K Show 2019 opens today in Dusseldorf - click to expand

Gerlach opens office in Albuquerque, NM, to better serve North American market - click to expand

Arlanxeo illustrates the future of mobility solutions at K2019 - click to expand

Hexpol TPE launches circular TPEs at K2019 - click to expand

Tuesday, October 15, 2019

Michelin announces sport touring tire line-up for motorcycles and scooters - click to expand

Global automotive mold market expected to grow at a CAGR of over 7 percent through 2024 - click to expand

Orion Engineered Carbons appoints Lorin Crenshaw chief financial officer of the Orion group - click to expand

Collaboration brings new colors to Dow’s 3D-printable liquid silicone rubber - click to expand

Mid Atlantic Rubber and Plastics Group holds educational symposium in November - click to expand

Braskem's Delta PP plant remains on target for completion by first quarter of 2020 - click to expand

Monday, October 14, 2019

Toyo Tire U.S.A. Corp. to promote Michael Graber to VP of Sales - click to expand

The Philadelphia Eagles and Braskem announce results from 2018-2019 STEM Scholars Program - click to expand

Michelin recognized by EPA with 2019 SmartWay award - click to expand

Cabot Corporation receives fourth consecutive gold-level rating from EcoVadis - click to expand

Dunlop SP Sport Maxx run-flat tire chosen as factory standard for Lexus LS - click to expand

Yokohama Tire launches two new premium winter tires - click to expand

Market Reports

CPI survey reveals strength of polyurethanes across U.S., Canada and Mexico - click to expand

Global agricultural tire market forecast at $7.5 billion by 2024 - click to expand

Adhesives & sealants market forecast to reach $73.8 billion by 2024 - click to expand

Global automotive mold market is expected to grow at a CAGR of over 7% through 2024 - click to expand

Silicone surfactants market forecast to reach $2.5 billion by 2024 - click to expand

Global silicone elastomers market forecast with a CAGR of 6.2% through 2024 - click to expand

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