Business
NOVA Chemicals Announces Streamlined Executive Team
NOVA Chemicals Announces Streamlined Executive Team.
About this update from Northisle Copper And Gold Inc.
[{"type":"text","content":"\n\n\n\n\nPITTSBURGH, August 3 /CNW/ - NOVA Chemicals Corporation\n(NYSE:NCX)(TSX:NCX) today announced that the company's executive leadership\nteam will be streamlined as part of the restructuring announced on June 26,\n2006.\nChris Pappas, Senior Vice President and President of Styrenics, has been\nappointed Chief Operating Officer effective October 1, 2006. Senior Vice\nPresident Larry MacDonald will continue as Chief Financial Officer, and Senior\nVice President Jack Mustoe will maintain his role as Chief Legal Officer and\nCorporate Secretary.\nDale Spiess, Senior Vice President and President of Olefins and\nPolyolefins, and John Wheeler, Senior Vice President and Chief Information\nOfficer, have elected to retire effective September 30, 2006 and August 31,\n2006 respectively.\nThe executive leadership team will be comprised of Pappas, MacDonald and\nMustoe, who will report to Jeff Lipton, President and CEO of NOVA Chemicals.\n\"I believe that Chris, Larry and Jack will be a very effective leadership team\nfor our company,\" said Lipton. \"We are confident that simplifying our\norganizational structure to focus on our core business units will deliver\nresults for shareholders.\"\nNOVA Chemicals produces plastics and chemicals that are essential to\neveryday life. Our employees develop and manufacture materials for customers\nworldwide that produce consumer, industrial and packaging products. NOVA\nChemicals works with a commitment to Responsible Care(R) to ensure effective\nhealth, safety, security and environmental stewardship. Company shares are\ntraded on the Toronto and New York stock exchanges as NCX.\nVisit NOVA Chemicals on the Internet at www.novachemicals.com.\n\nPhotographs are available upon request.\n\nForward-Looking Information\n\nThe information in this news release contains forward-looking statements,\nincluding the statement that we are confident that simplifying our\norganizational structure to focus on our core business units will deliver\nresults for shareholders. By their nature, forward-looking statements require\nNOVA Chemicals to make assumptions and are subject to inherent risks and\nuncertainties. There is significant risk that predictions, forecasts,\nconclusions and projections will not prove to be accurate, that NOVA\nChemicals' assumptions may not be correct and that actual results may differ\n...