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04-25-2007

Nova Chemicals/Ineos: Senior Officers for Joint Venture

Nova Chemicals Corporation and Ineos announced the nomination of three senior officers for the companies’ proposed, expanded joint venture. The two companies have signed a letter of intent to expand the companies’ existing joint venture in Europe, Nova Innovene, to include North American styrene and polystyrene assets.

The expanded joint venture is expected to have initial revenues of approximately U.S. $3.5 billion per year. The following senior officers have been named to lead the organisation:

  • Kevin McQuade – Chief Executive Officer. Currently, Mr. McQuade is Chief Executive Officer of Ineos Styrenics.
  • Martin Pugh – Managing Director, Europe. Mr. Pugh is Managing Director of Nova Innovene.
  • Chris de la Camp – Chief Financial Officer. Mr. de la Camp is currently Finance Director of Nova Innovene.

The other two members of this leadership team, the Vice President, Purchasing & Supply Chain and the Vice President of Operations, will be named in the coming weeks.

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