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2016-03-17

LANXESS and Saudi Aramco announce the executive team of their joint venture, ARLANXEO

  • Two representatives of each of LANXESS and Saudi Aramco to staff the Executive Board
  • Headquarters: Maastricht, Netherlands
  • Joint venture to be launched on April 1, 2016

Specialty chemicals company LANXESS and Saudi Aramco are pleased to announce the members of the Executive Board of ARLANXEO, their previously announced 50:50 synthetic rubber joint venture.

Both companies will have equal representation on the Board consisting of four members. LANXESS will be represented by Jan Paul de Vries, who will assume the position of Chief Executive Officer (CEO), and Jorge Nogueira, who will become member of the Executive Board. Saudi Aramco will be represented by Ali Ba-Baidhan and Fayez Alsharef who will become Chief Financial Officer and Chief Procurement Officer, respectively. In addition, Johan Gerrese from Saudi Aramco will become ARLANXEO's General Counsel and Secretary.

“ARLANXEO will be provided with a strong, international executive team who will bring the respective skills of both partner companies in an ideal manner. Thus, we have created the best possible conditions to position ARLANXEO as a reliable partner for its customers, as an attractive employer and as a strong brand in the global synthetic rubber market,” said Matthias Zachert, Chairman of the Board of Management of LANXESS AG and future Chairman of the Shareholders’ Committee of ARLANXEO.  

Abdulrahman Al-Wuhaib, Senior Vice President Downstream, Saudi Aramco said: “We are pleased to confirm these senior appointments of proven and respected leaders.  I am confident they will serve ARLANXEO and its global customers well.”

The headquarters of ARLANXEO will be in Maastricht, Netherlands.

On September 22, 2015, LANXESS and Saudi Aramco signed an agreement to create a 50:50 joint venture for the development, production, marketing, sale and distribution of synthetic rubber used in the global tire industry, auto-parts manufacturing and a wide range of other applications.

As the antitrust approval process was completed earlier than expected, ARLANXEO will already launch on April 1, 2016.

BIOGRAPHIES

Jan Paul de Vries was born in the Netherlands. In 1984, he joined DSM where he held various management positions. In 2008, he took over the management of the DSM Elastomers Business Unit. Following the acquisition of this business by LANXESS in May 2011, he moved to the specialty chemicals company. Since January 2013, he has been responsible for the global business of the High Performance Elastomers Business Unit. On April 1, 2016, Jan Paul de Vries will become Chief Executive Officer of ARLANXEO.

Jorge Alberto Nogueira was born in Argentina. He began his career with U.S. chemical company Dow Chemical in Brazil. Later he moved to French chemical company Rhône-Poulenc, holding various positions in Brazil, China, the U.S. and France. From 2007, he was Chief Executive Officer of the Brazilian elastomeric producer Petroflex, S.A. Following its acquisition by LANXESS, Nogueira held various management positions in the specialty chemicals company. Since January 2015, he has led the business unit Tire & Specialty Rubbers. On April 1, 2016, Jorge Nogueira will become a member of the Executive Board of ARLANXEO.
 
Ali Ba-Baidhan was born in Saudi Arabia. He began his career with Saudi Aramco in 1984 and has served in various accounting, corporate finance and treasury positions, including Financial Controller of Saudi Aramco Total Refining Company (SATORP), Chief Financial Officer of Aramco Trading Company, and Manager Contract Review & Cost Compliance Department. Since February 2013, he has served as Manager of the Operation Accounting Department of Saudi Aramco. He currently serves on the Board of Directors of Aramco Gulf Oil Company (AGOC). On April 1, 2016, Ali Ba-Baidhan will become Chief Financial Officer of ARLANXEO.

Fayez Alsharef
began his career with Saudi Aramco in 2002 and before that he worked with SABIC for nine years. At Saudi Aramco he served in various leadership roles in the areas of operations and business development, including leading the commercial team responsible for the establishment of Sadara. He was Vice President, Chemicals Sales and Marketing at Aramco Trading Company from January 1st 2014 to October 2015, after which he moved to become the manager of Domestic Sales and Logistics Department responsible for Saudi Aramco's domestic sales of all feedstocks and fuels. On April 1, 2016, Fayez Alsharef will become Chief Procurement Officer of ARLANXEO.

Johan Gerrese
was born in Brazil.  He started his legal career in private practice in Houston, Texas and subsequently served in various senior attorney and General Counsel roles in the USA, Europe and Asia, including at Alcatel Lucent, Enron International, and Destec Energy (a former Dow Chemical subsidiary). Johan joined Saudi Aramco as Counsel in 2014 and he will become the General Counsel and Secretary of ARLANXEO.


Cologne,     March 17, 2016

Forward-Looking Statements

This news release contains forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

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