Business
Ferroglobe Announces Appointment of Marco Levi as Chief Executive Officer
LONDON, Jan. 13, 2020 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) (“Ferroglobe” or the “Company”), announced today that Dr. Marco Levi has been appointed
About this update from Ferroglobe Plc
[{"type":"text","content":"LONDON, Jan. 13, 2020 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) (“Ferroglobe” or the “Company”), announced today that Dr. Marco Levi has been appointed as its Chief Executive Officer (CEO), effective immediately. Dr. Levi will be based with the Company’s management team in Madrid, Spain.\n Dr. Levi has over thirty years of executive management and board level experience spanning the chemicals, plastic, rubber and paper industries. Dr. Levi is recognized for his track record in turning around multinational companies and transforming business units. He has held board director roles at a number of companies, and currently serves as a director of Schweitzer-Mauduit International, Inc. (NYSE:SWM). Dr. Levi served as President and CEO of Alhstrom-Munksjö Oyj, a global fiber materials company listed in Finland, where he led a successful transformation of the business by refocusing its product portfolio towards value-added specialty products. Prior to Alhstrom, Dr. Levi was Senior Vice President and Business President of the $3 billion emulsion polymers division of chemicals manufacturer Styron, including during the period in which Styron was acquired by Bain Capital from Dow Chemical Company. Dr. Levi previously had spent over twenty-two years at Dow in various departments and roles, ultimately serving as general manager of the emulsion polymers business. Dr. Levi succeeds Pedro Larrea Paguaga, who has stepped down from the Company to pursue other opportunities, having served as CEO of Ferroglobe since its inception in 2015 and formerly as CEO of Grupo FerroAtlántica since 2011. Javier López Madrid, the Company’s Executive Chairman, commented, “Following a rigorous selection process, the Board and I are pleased to announce the appointment of Marco Levi as Ferroglobe’s CEO. Throughout his career, Marco has demonstrated the ability to effectively lead global, asset rich materials technology companies facing many of the same dynamics and challenges we encounter. By drawing on his vast experience across the industrials sector and strong leadership, we are confident that Marco will successfully navigate Ferroglobe through the current cyclical downturn, and we look forward to working with him in the development of a new strategy for the Company centered on sustainable growth and profitability.” Mr. López Madrid added, “I would like to ...