Westlake names ex-Mitsubishi Chemical chief Gilson as CEO

Mitsubishi Chemical

15/07/2024 14:10

July 15 (Reuters) - Chemicals maker Westlake  WLK.N  on
Monday named former Mitsubishi Chemical Group  4188.T  CEO
Jean-Marc Gilson as its chief executive, effective today.
    The company said Gilson would replace Albert Chao, who would
become the executive chairman of the Westlake board after
serving as the CEO over the last two decades.
    Chao took charge of the company in July 2004 after helping
his father T.T. Chao and his brother James Chao in founding
Westlake in 1985. 
    Gilson assumed leadership of Mitsubishi Chemical in April
2021 and had stepped down in March this year.
    The newly appointed CEO would receive an annual base salary
of $1.25 million, according to a regulatory filing. 
    Westlake's products are used across a wide range of
industries including residential construction, automotive
products, water treatment and coatings.

 (Reporting by Sourasis Bose in Bengaluru; Editing by Vijay
Kishore)
 ((Sourasis.Bose@thomsonreuters.com;))