“I have had the pleasure to lead Perstorp through an exciting transformation, which has formed the company to what we are today; a sustainability frontrunner with a growing share of specialty chemicals in the portfolio. This has been the crowning of my professional career and I have been surrounded with fantastic and inspiring people. I would like to take the opportunity to thank you all, externally as internally for a tremendous support. The company is entering a new chapter in its more than 140 year history and with PCG as our owner, a series of opportunities are opening well beyond what we have seen in the past. It serves as the perfect timing to hand over the reins to a most capable leader. I am proud of the company and the extraordinary team that Ib now takes over to lead. I wish him and the team all the success in the future”, Jan Secher comments.

“On behalf of PCG, I am delighted to welcome Ib, as the new CEO of Perstorp. He is an experienced executive leader, with a strong and deep understanding of the specialty chemicals industry on top of a solid track record in business optimisation and financial management. He plays a key leadership role in the integration of Perstorp into the PCG family, while ensuring that Perstorp’s business is uninterrupted. His insights, knowledge and leadership will be invaluable as we work towards unlocking the synergies between Perstorp and PCG, in bringing the company through its next phase. We look forward to working with him.

I also would like to put on record my appreciation and gratitude to Jan for his contribution for the past nine years. As the CEO, he led the company through challenging times, which required innovative solutions and decisions and has been instrumental to Perstorp’s achievements and growth in the specialty business. More importantly, he helped to steer the company to play a pioneering role in sustainability, particularly in the development of pro-environment solutions for its customers. I am confident that Perstorp will continue to benefit from the foundation that he has built,” says Mohd Yusri Mohamed Yusof, PCG Managing Director/Chief Executive Officer.

“It is an honor to take over as CEO from Jan Secher and I look forward to lead Perstorp in this new exciting phase. With PCG as the new owners, their commitment and the support from the strong Executive Leadership Team, I feel confident about a successful time ahead of us”, Ib Jensen comments.

Jan Secher remains in the CEO role until March 1st and will thereafter serve as an advisor to the new CEO and the Chairman, focusing on strategy and transferring external relationships. Monica Jönsson, currently deputy CFO, will take on the role as CFO when Ib Jensen assumes the position as CEO. PCG is fully committed to the Executive Leadership Team of Perstorp and expects the team to continue the successful integration work as well as dealing with the volatile global macro situation.

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Cargill Appoints Brian Sikes as President and Chief Executive Officer, and Dave MacLennan as Executive Chair of the Board

“As Cargill continues to navigate dynamic global markets, both operational excellence and a clearly articulated vision driven by purpose and values will define the company’s success, and there is no better person than Brian to lead Cargill,” said MacLennan. “He’s a person of action and results, with a relentless passion for serving our customers and our people. Brian has the qualities we value in a strong leader—integrity, empathy, resilience and authenticity. Under his leadership, I am confident the best days for Cargill, and its greatest contributions, lie ahead.”

Sikes will succeed MacLennan, who joined the company in 1991 and served in multiple executive roles, including CFO and COO, before becoming the company’s Chairman and CEO in 2013. During his nine years at the company’s helm, MacLennan helped achieve outstanding financial results while feeding millions of families and building community resilience in more than 125 countries worldwide. His long-term strategic vision and willingness to disrupt are exemplified by his leadership on the largest acquisitions in the company’s history, including Croda (bioindustrials), EWOS (aquaculture), Diamond V (animal nutrition), and Sanderson and Wayne Farms (poultry). In addition, the company built expertise in alternative proteins and has developed technologies and digital solutions to transform farming, supply chains and food delivery during his tenure.

MacLennan is passionate about employee well-being, never compromising worker health and safety for production. He created Cargill’s sustainability office and built a culture that prioritizes and celebrates diversity, equity and inclusion. Under his leadership, the company is on a path to achieve gender parity by 2030 and the representation of women on the Executive Team has increased to 46%. In addition, he has been an industry leader in sustainability, particularly around climate change. He prioritized action, not just making commitments, with programs like RegenConnect™, which has advanced regenerative agriculture practices on 158,000 acres of North American farmland, and BeefUp Sustainability, which has reduced 1.7 million metric tons of CO2.

“I am honoured to succeed Dave as Cargill’s President and CEO,” said Sikes. “Under his visionary leadership, Cargill has a solid foundation, business model and culture that positions us for long-term success. Our 160,000 employees across Cargill are the best in the industry. Together, we will grow with customers, strengthen our core and thoughtfully target new markets to ensure we are a reliable, sustainable partner for our customers –today and in the future.”

In his role as Executive Chair of the Board, MacLennan will ensure a smooth leadership transition, serve as a trusted strategic advisor to Sikes, the company and the Board and support Cargill’s long-term strategic plan.

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