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In the news: an exceptional bonus for CEO
- The bonus of
12 million euros gross is on the agenda of theDecember 8 extraordinary general meeting and comes at the proposal ofSolvay 's board of directors, "in recognition of her exceptional commitment in completing the partial demerger project," reads the invitation. -
The board thus wants to "pay tribute to the years of exceptional performance at the head of
Solvay where, in a highly volatile environment characterized by high inflation, major geopolitical tensions and macroeconomic uncertainties, it has maintained disciplined cost and cash management and further reduced balance sheet debt." - And still: "This has led to the acceleration of its reinvention and the creation of two separate groups of companies following a fundamental transformation operation, three years ahead of the timetable initially envisioned."
Syensqo
What preceded: French-Moroccan Kadri took the helm of
- Kadri will head the new listed company Syensqo. That will bundle activities around specialized materials and consumer goods. These include light materials for cars or aircraft.
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The traditional business around essential chemicals, such as soda and peroxide, will remain with the old
Solvay , which will havePhilippe Kehren as its new CEO.
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