SABIC in the Americas region announced today that its Innovative Plastics Executive Vice President Charlie Crew will retire January 1, 2012. He will be succeeded by Keith J. Smith, formerly of DuPont. Mr. Smith will join SABIC effective December 1, 2011 to plan for the transition.
Crew retires after more than 34 years of distinguished company service. With a bachelor’s degree in marketing from Villanova University, he joined GE Plastics in 1977 as an account manager. In 1994 he was named vice president and general manager of Americas’ Commercial Operations for GE Plastics. He then moved to the Netherlands to lead GE Plastics’ European business and later returned to the U.S. as president and chief executive officer of LNP Engineering Plastics when GE acquired that business. He next served as vice president of the ABS business. He then became vice president of Global Ventures and led the sale of GE Plastics to SABIC. He was appointed to his current position of SABIC Executive Vice President leading the Innovative Plastics business in March 2008.
“Since joining the SABIC organization, Charlie has been a valued contributor to the success of the Plastics’ business acquisition from GE,” said SABIC CEO Mohamed Al-Mady. “He has been a valued partner and important source of advice during a very critical period of organizational change. We wish Charlie the very best in the future.”
Smith is a graduate of Rensselaer Polytechnic Institute with bachelor’s and master’s degrees in Chemical Engineering. He joined DuPont in 1980. His most recent position with DuPont was vice president, Sourcing and Logistics, Wilmington, Delaware. Prior to this, he was vice president and general manager, DuPont Engineering Polymers, Wilmington, Delaware; Global Marketing, Sales and Development Director, DuPont Engineering Polymers, Geneva, Switzerland; Global Business Director Polymers, DuPont Engineering Polymers, Geneva, Switzerland; and held other key technical and managerial positions in TiO2, Advanced Fibers, Industrial Chemicals and Research & Technology.
“Keith is an accomplished executive with diverse expertise and a proven record of delivering productivity improvements and growth,” said Mr. Al-Mady. “I am confident he will sustain this success for himself and our company.”
SABIC acquired GE Plastics in 2007, and integrated it into its diverse portfolio as the Innovative Plastics strategic business unit.
About Saudi Basic Industries Corporation
Saudi Basic Industries Corporation (SABIC) ranks among the world’s top petrochemical companies, and is a global market leader in the production of polyethylene, polypropylene, advanced thermoplastics, glycols, methanol and fertilizers. SABIC manufactures with a global footprint in Saudi Arabia, the Americas, Europe and Asia Pacific. The company operates in more than 40 countries across the world with 33,000 employees worldwide. It has significant research resources with 18 dedicated Technology & Innovation facilities in Saudi Arabia, the USA, the Netherlands, Spain, India and China. SABIC recorded a net income of SR 21.59 billion (US$ 5.73 billion) in 2010, and sales revenues totaled SR 152 billion (US$ 40.5 billion).
About Innovative Plastics
The Innovative Plastics strategic business unit of SABIC is a leading, global supplier of engineering thermoplastics with an 80-year history of breakthrough solutions that solve its customers’ most pressing challenges. Today, Innovative Plastics is a multi-billion-dollar company with operations in more than 35 countries and approximately 9,000 employees worldwide. The company continues to lead the plastics industry with customer collaboration and continued investments in new polymer technologies, global application development, process technologies, and environmentally responsible solutions that serve diverse markets such as automotive, electronics, building & construction, transportation, and healthcare. The company’s extensive product portfolio includes thermoplastic resins, coatings, specialty compounds, film, and sheet. Innovative Plastics (www.sabic-ip.com) is a wholly owned subsidiary of Saudi Basic Industries Corporation (SABIC).