CP50: Arkema Inc.
What’s in a name? For Arkema, a lot.
In 1850 the company now known as Arkema was organized by five Philadelphia Quakers and incorporated as The Pennsylvania Salt Manufacturing Co. In 1957 Pennsylvania Salt Manufacturing Co. changed its name to Pennsalt Chemicals Corp. In 1969 Wallace and Tiernan Inc. merged into Pennsalt Chemicals Corp. The name of the company changed to Pennwalt Corp. Then, in 1989 Atochem North America Inc., was formed on Dec. 31 as a result of the merger of Pennwalt Corp., M&T Chemicals, and Atochem Inc. Three years later the name of the company changed from Atochem North America Inc. to Elf Atochem North America Inc. Add in a few more name changes via acquisitions from TotalFina S.A. and finally Arkema was launched on Oct. 1, 2004.
Arkema is a producer of industrial chemicals, including acrylics, PMMA, thiochemicals, fluorochemicals, and hydrogen peroxide and of performance products like technical polymers, specialty chemical organic peroxides and additives. Arkema's 20 plants in North America account for 25% of the company's sales.
Worldwide, Arkema has annual sales of EUR 5.7 billion (US$7 billion) and 15,200 employees, 80 industrial sites in more than 40 countries and six research and development centers.
Thierry Le Hénaff
Chairman and CEO, Arkema Worldwide
Born in 1963, Le Hénaff is a graduate of both the École polytechnique and Ponts et Chaussées in Paris, and holds an MBA from Stanford University in the United States. After beginning his career with Peat Marwick Consultants, he joined Total's Adhesives Division in 1992, holding a number of positions internationally. In July 2001, he became CEO of Bostik Findley, a new company created when the Adhesives businesses of Total and Elf Atochem merged.
In January 2003, he joined Atofina's executive committee and was placed in charge of three divisions: Agrochemicals, Fertilizers, and Thiochemicals, as well as supervising International Affairs, Purchasing, and Research. He is a member of the Total Management Committee.
President and CEO, Arkema Inc.
Richard Rowe assumed the role of CEO in June 2015. Rowe has a long history with Arkema including his most recent position as the global group president of Arkema's fluorochemicals business unit.
Vice President, Industry
As executive vice president of industry, Luc Benoit-Cattin oversees safety, environment, sustainable development, quality, technology and construction, process, logistics, and goods and services purchasing.
In 2002 he joined CGG Veritas as head of a business unit for rolling and aluminum. He later served as director of resources and operating performance, director of offshore. From 2009 to mid-2011 he served as managing director of geophysical services and a member of the executive committee.
Between 1988 and 1995 he held a number of positions in administration at the French Ministry for Economy, Finance and Industry. From 1995 to 1997 he was technical adviser to the Minister of Industry.
For the latest financial reports, visit: http://www.arkema.com/sites/group/en/finance/home.page