Westlake Chemical Partners implements succession plan

15/07/2024 – 08:25 AM

Jean-Marc Gilson, a seasoned chemical industry executive, appointed director, president and CEO

Albert Chao and James Chao will remain actively involved as Executive Chairman and Senior Chairman of the Board

HOUSTON–(BUSINESS WIRE)– Westlake Chemical Partners GP LLC, General Partner of Westlake Chemical Partners LP (NYSE: WLKP), today announced that Jean-Marc Gilson, who most recently served as President and Chief Executive Officer of Mitsubishi Chemical Group Corporation, has been appointed President and Chief Executive Officer and to the Board of Directors of Westlake Chemical Partners GP LLC (the “Board”). Jean-Marc Gilson succeeds Albert Chao, who will transition to Executive Chairman of the Board, and James Chao, current Chairman of the Board, will become Senior Chairman of the Board. These appointments are effective today.

James Chao said, “This announcement is the culmination of a thoughtful succession planning process designed to position Westlake Chemical Partners for the future. We are incredibly proud of the company and the culture we have built, and we believe Jean-Marc will fit in seamlessly as we continue to execute on our successful strategy and family culture of long-term value creation to begin the next chapter of Westlake Chemical Partners.”

In conjunction with today’s announcement, Jean-Marc Gilson will also become President and Chief Executive Officer of Westlake Corporation (NYSE: WLK).

About Jean-Marc Gilson:

A seasoned leader in the chemical industry with a proven track record of delivering consistent financial results, Jean-Marc Gilson, 60, most recently served as president and chief executive officer of Mitsubishi Chemical Group Corporation, an international chemical company headquartered in Japan with more than 30 billion dollars in income.

From 2014 to 2020, Jean-Marc Gilson served as CEO of Roquette, a family-owned company that is a global leader in herbal ingredients and a leading supplier of pharmaceutical excipients. Previously, Mr. Gilson served as Vice President and COO of NuSil Technology, US– a global manufacturer of medical and aerospace grade silicone technologies. Earlier in his career, Mr. Gilson held various leadership positions at Dow Corning, including Executive Vice President of Specialty Chemicals, before becoming General Manager of Avantor Performance Materials.

Jean-Marc Gilson received a Master’s degree in Chemical Engineering from the University of Liège in Belgium and a Master’s Degree in Business Administration from the International Institute for Management Development Switzerland.

About Westlake Chemical Partners:

Westlake Chemical Partners is a limited partnership formed by Westlake Corporation for the purpose of operating, acquiring and developing ethylene production facilities and other qualifying assets. Headquartered in HoustonThe partnership is the owner 22.8% shares in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP’s assets consist of three ethylene plants in Calvert City, KentuckyAND Lake Charles, Louisiana and ethylene pipeline. For more information about Westlake Chemical Partners LP, visit http://www.wlkpartners.com.

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Media Relations – L. Ben Ederington – 713.960.9111

Investor Relations – Steve Bender – 713.960.9111

Source: Westlake Chemical Partners

Frequently asked questions

Who is the new chairman and CEO of Westlake Chemical Partners LP (WLKP)?

Jean-Marc Gilson, former chairman and CEO of Mitsubishi Chemical Group, has been named the new chairman and CEO of Westlake Chemical Partners LP (WLKP).

What changes have occurred in the composition of the board of Westlake Chemical Partners LP (WLKP)?

Jean-Marc Gilson has been appointed to the board of directors, Albert Chao has been named executive chairman of the board, and James Chao has been named senior chairman of the board of directors of Westlake Chemical Partners LP (WLKP).

When did the management changes at Westlake Chemical Partners LP (WLKP) take effect?

The management changes at Westlake Chemical Partners LP (WLKP), including the appointment of Jean-Marc Gilson as president and chief executive officer, were effective immediately upon announcement.

What is the stock symbol for Westlake Chemical Partners LP?

The ticker symbol for Westlake Chemical Partners LP is WLKP. The company is listed on the New York Stock Exchange (NYSE).