Westlake names ex-Mitsubishi Chemical chief Gilson as CEO
Westlake, a chemicals maker, has appointed Jean-Marc Gilson, former CEO of Mitsubishi Chemical Group, as its new chief executive. Gilson will replace Albert Chao, who will become the executive chairman of the board. The newly appointed CEO will receive an annual base salary of $1.25 million. Westlake produces chemicals used in various industries such as residential construction, automotive products, water treatment, and coatings.
July 15 (Reuters) - Chemicals maker Westlake (WLK.N) on Monday named former Mitsubishi Chemical Group (4188.T) CEO Jean-Marc Gilson as its chief executive, effective today.
The company said Gilson would replace Albert Chao, who would become the executive chairman of the Westlake board after serving as the CEO over the last two decades.
Chao took charge of the company in July 2004 after helping his father T.T. Chao and his brother James Chao in founding Westlake in 1985.
Gilson assumed leadership of Mitsubishi Chemical in April 2021 and had stepped down in March this year.
The newly appointed CEO would receive an annual base salary of $1.25 million, according to a regulatory filing.
Westlake’s products are used across a wide range of industries including residential construction, automotive products, water treatment and coatings.
