LONDON and NEW YORK, December 19, 2016 /PRNewswire/ --
The ICIS Top 40 Power Players, a global ranking of the leading senior executives making the greatest positive impact on their companies and the industry through investments, shifts in business models, mergers and acquisitions, and innovation, has been published by ICIS Chemical Business magazine.
This year's ICIS Top 40 Power Players is sponsored by executive recruitment and talent management firm Korn Ferry.
"Transformation is the key theme for senior executives in the fast-changing chemical sector. Leaders must adapt quickly, defining a vision and positioning their companies' portfolio and culture for success," said Joseph Chang, global editor of ICIS Chemical Business.
Taking the top spot in 2016 is Matthias Zachert, chairman of Germany-based LANXESS, followed by INEOS chairman Jim Ratcliffe at #2, and Dow chairman and CEO Andrew Liveris taking the #3 slot.
"2016 was both a very intense and very successful year for LANXESS. We made great progress at a fast pace in transforming our company. LANXESS is on its way to become a much more profitable and resilient company than it was in the past with a clear focus on specialty chemicals," said Zachert.
"These achievements should certainly be attributed to the entire LANXESS team around the world who has done tremendous work to bring our company back on track. It is therefore a great pleasure to receive this award in the name of the entire organization," he added.
"When Zachert took over as leader of LANXESS in April 2014 he inherited a company which was underperforming financially, having expanded capacities too ambitiously at a time of emerging global overcapacity and price pressure in synthetic rubber. He quickly developed and executed a clear strategy to steer the company away from this core product area to expand in other, less cyclical, specialty chemicals businesses," said Will Beacham, deputy editor of ICIS Chemical Business.
The ICIS Top 40 Power Players ranking is based on selections from the global ICIS senior editorial staff.
Download the ICIS Top 40 Power Players at http://www.icis.com/about/icistop40 (registration required).
About ICIS Chemical Business
ICIS Chemical Business is the global weekly publication keeping you up-to-date on chemical prices with market news and analysis of both short term and long term drivers. Get your weekly global summary of these markets by subscribing at http://www.icis.com/about/icis-chemical-business-magazine.
ICIS Chemical Business is part of ICIS. ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts. With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Barcelona, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. ICIS is a division of Reed Business Information, part of RELX Group.
About Korn Ferry
Korn Ferry's purpose is to help leaders, organizations and societies succeed by releasing the full power and potential of their people. The individuals on this year's Top 40 Power Players list exemplify this spirit through the mark they've made within their organizations, and on the industry as a whole. Korn Ferry helps the world's best known chemical companies solve their biggest people and organizational challenges through our three divisions - Executive Search, Hay Group, and Futurestep. As the industry faces geographical shifts in capital spending and impending retirements in mature markets, it's important to ensure your company has the right people in place to navigate through change and drive growth. We offer a full range of solutions designed to meet your talent and leadership needs - from strategic search, customized leadership development programs, and succession planning to RPO, rewards consulting, and strategic workforce planning. http://www.kornferry.com
For editorial inquiries, contact:
Global Editor, ICIS Chemical Business
For commercial inquiries, contact:
Head of Sales - Publishing, Conferences & Training
Global Sector Leader, Chemicals and Materials, Korn Ferry