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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

Tuesday, February 18, 2020

Dow and Johnson Matthey technology selected for butanol facility in China - click to expand

Hankook Tire partners with Amazon Web Services for high-tech digital solutions and machine learning - click to expand

KraussMaffei to layoff 8 percent of workforce due to declining sales - click to expand

Japan's carbon black demand falls for second consecutive year - click to expand

Two Yokokama tires win prestigious Good Design awards - click to expand

Monday, February 17, 2020

Recovered carbon black market forecast with a CAGR of 16 percent through 2024 - click to expand

Watson-Marlow launches silicone transfer tubing developed for bioprocess fluid transfer - click to expand

Vibram signs multi-year partnership agreement with Pensole Academy - click to expand

Toyo Tires to transfer Truck and Bus Air Spring Business to Nitta Group - click to expand

Yokohama Rubber posts record earnings in 2019 - click to expand

Goodyear unveils new brand campaign during Daytona 500 - click to expand

Friday, February 14, 2020

Comar to expand west coast facilities - click to expand

Toshiba Machine to oppose takeover by activist investor - click to expand

Goldsmith & Eggleton laboratory renovation announced - click to expand

Global fumed silica market to surpass $1.8 billion by 2029 - click to expand

Book of the Day: Rubber & Tire Technology, Volume 1 - click to expand

Global carbon black market to reach $10.9 billion by 2025 - click to expand

Thursday, February 13, 2020

Kraton to exhibit tread enhancement additives at Tire Technology Expo in Hannover - click to expand

First Graphene signs exclusive supply agreement with Steel Blue - click to expand

Learning and networking opportunities offered at Rubber Division, ACS 197th Technical Meeting - click to expand

NTB to sell 112 locations to Mavis Discount Tire - click to expand

Lanxess vegan processing promoters ensures CO2 savings in tire production - click to expand

Solvay and PDI Healthcare collaborate on disinfectant resistance testing of specialty polymers - click to expand

Wednesday, February 12, 2020

SWM advanced materials for face masks help address worldwide mask shortage - click to expand

Goodyear reports fourth quarter and full year financial results - click to expand

ASTM International rubber standard aims to improve silica quality - click to expand

Cambodia reports 30 percent increase in rubber exports - click to expand

Global automotive high-performance tires market forecast with a CAGR of 16 percent through 2023 - click to expand

Lanxess to showcase versatile and sustainable solutions at Tire Technology Expo - click to expand

Tuesday, February 11, 2020

Milacron exhibiting all-electric Roboshot LSR machine at MD&M West - click to expand

Global automotive OEM tire market forecast shows growth through 2025 - click to expand

Bridgestone Retail Operations raises nearly $4 million for Boys & Girls Clubs of America - click to expand

OSHA announces new emphasis on silica standards - click to expand

Cooper Tire to announce fourth quarter and full year financial results February 24 - click to expand

GRTE 2020 Global Rubber, Latex and Tire Expo rescheduled due to coronavirus - click to expand

Market Reports

Global lithopene market forecast with a CAGR of 4 percent through 2027 - click to expand

Silicone adhesives market forecast with a CAGR of 8.2 percent through 2025 - click to expand

Global injection molding materials market forecast at $239 billion by 2025 - click to expand

Global carbon black market to reach $10.9 billion by 2025 - click to expand

Recovered carbon black market forecast with a CAGR of 16 percent through 2024 - click to expand

Global fumed silica market to surpass $1.8 billion by 2029 - click to expand

Global automotive high-performance market forecast with a CAGR of 16% through 2023 - click to expand

Global automotive OEM tire market forecast shows growth through 2025 - click to expand

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