Celanese Corporation just announced that Mark Rohr, Chairman and Chief Executive Officer (CEO), will assume the position of Executive Chairman of Celanese’s Board of Directors. After an extensive search, the Board has selected Lori Ryerkerk to succeed Rohr as CEO. The appointments will be effective on May 1, 2019, and at that time Ryerkerk will also join Celanese’s Board.

In Rohr’s Executive Chairman role, he will remain focused on guiding the strategic options to unlock value for Celanese shareholders and overseeing the achievement of the company’s 2020 growth strategy, while working closely with Ryerkerk to ensure a seamless CEO transition.

Ryerkerk is an accomplished global executive, bringing to Celanese an impressive track record of creating value at large international corporations. Throughout her 35-year career, she has held a variety of senior leadership roles at petrochemicals and refining businesses in the United States, Europe and Asia. Ryerkerk most recently served as Executive Vice President of Global Manufacturing of Royal Dutch Shell. She earned a B.S. degree in chemical engineering from Iowa State University.

“Lori’s extensive experience in leading global operations and managing some of the most complex technologies, engineering and supply chain systems in the world complement the opportunities before us to advance our rapid growth and continue our global expansion to satisfy our business objectives. I welcome Lori to the team and look forward to working closely with her to execute on our growth strategy,” said Rohr.

“I am very excited to join the Celanese team and get to know and work with all of its employees,” said Ryerkerk. “Mark and the team have built a tremendous company culture and I will be building on the company’s strong performance momentum and continuing to drive growth and shareholder value.”