Chevron Phillips Chemical announces CEO transition

Chevron Phillips Chemical (CPChem) announced that President and CEO Bruce Chinn will retire effective March 1st.

“It’s been a privilege to lead this great company through a time of transition as we advance a portfolio of strategic projects to grow our global asset base, progress a circular economy for plastics and work to lower the carbon intensity of our operations,” said Chinn.

“I’d like to congratulate Bruce on a tremendous career,” said Chevron Chemicals President Mitra Kashanchi and a CPChem board member. “Under his leadership, CPChem has delivered on its strategic objectives to grow the business and establish targets to reduce the carbon intensity of its operations. With projects like Ras Laffan Petrochemicals in Qatar and Golden Triangle Polymers in Texas underway, Steve’s extensive background in project execution and his commitment to operational excellence position him well to continue CPChem’s growth and to deliver strategic value.”

Chinn will be succeeded by current Senior Vice President Steve Prusak. Since joining CPChem soon after its inception, he has held various roles in commercial, business development, finance and projects. In his current position, Prusak oversees the company’s strategy function and research and technology department. He also holds responsibility for the projects organisation, currently constructing two world-scale facilities in the U.S. Gulf Coast and in Qatar. Previously, he led CPChem’s business transformation efforts focused on unlocking value through innovation and continuous improvement of business processes and operations.

Prusak holds a bachelor’s degree in chemical engineering from the University of Delaware and an MBA from the University of Houston.

CPChem also announced related executive appointments:

• Justine Smith expands her commercial leadership as EVP Commercial
• Bryan Canfield adds projects to his manufacturing oversight as EVP Manufacturing & Projects
• Kevin Ristroph will lead planning and technology as SVP Corporate Planning & Technology

Headquartered in The Woodlands, Texas, U.S.A., Chevron Phillips Chemical was formed in 2000 as a joint venture between Chevron Corporation and Phillips 66 to combine their respective chemicals and plastics businesses. The company is engaged in the production of olefins, polyolefins, and alpha olefins, among other chemicals.