Clariant board wants to add BP Chair Manifold to its ranks
19/01/2026 12:38
LONDON, Jan 19 (Reuters) - The board of Swiss speciality chemicals maker Clariant CLN.S has proposed adding BP BP.L Chair Albert Manifold to its ranks at its annual general meeting on April 1, Clariant said on Monday. The board also proposed the re-election of Chair Ben van Beurden, former CEO of Shell SHEL.L. Clariant, whose chemicals are used in smartphone and electric vehicle production, is reducing spending through job cuts, production facility closures and procurement reductions to bolster its margins as it waits for a meaningful rebound in demand. The Swiss firm has rejected allegations by BP Europe and an ExxonMobil XOM.N subsidiary, which are seeking damages for breaching competition law in the ethylene purchasing market. (Reporting by Shadia Nasralla; Editing by Susan Fenton) ((shadia.nasralla@tr.com))