Henkel appoints Mike Olosky as regional president in North America
Henkel announced the appointment of Mike Olosky as regional President in North America and Regional Head of Adhesive Technologies for North America and Latin America. Additionally, he will continue to serve in a global leadership role in the company’s Adhesive Technologies business. He will be based out of Henkel’s Adhesives office in Irvine, California. Olosky succeeds Jerry Perkins as President of North America, who retired this year.
Olosky joined Henkel in 1995, holding positions in account management and marketing before transferring to Shanghai in 2008 and Düsseldorf in 2013 where he held numerous leadership positions including President of Henkel Asia-Pacific and Head of Innovation and New Business Development. Olosky graduated from Michigan Technological University with a Bachelor’s in Mechanical Engineering in 1991. He also holds an MBA from Michigan State University’s Eli Broad College of Business.
“Accounting for over a quarter of Henkel’s overall revenues, Henkel North America has grown and changed substantially over recent years and is integral to the sustained growth of the company,” said Olosky in a Henkel press release. “I look forward to building on our momentum – delivering profitable growth by investing in product technologies and innovation, and furthering our commitment to digitalization, sustainability, and making Henkel a great place to work.”
LyondellBasell announces leadership changes
LyondellBasell announced the following senior leadership changes:
Thomas Aebischer, executive vice president and chief financial officer, has announced that he will retire at the end of 2019. According to the press release, Aebischer joined LyondellBasell in January 2016 and played an instrumental role in building and enhancing the corporate finance function, helping to shape the company’s growth strategy and leading the standardization of key business processes.
“Over the past several years, Thomas has helped the company think through our next phase of growth and how we will continue to deliver exceptional value for shareholders,” said Bob Patel, LyondellBasell CEO in a company press release. “I want to thank Thomas and wish him well as he enters the next chapter.”
The company will be conducting a search for Aebischer’s replacement over the next several months and anticipates naming this individual prior to the end of the year.
In addition, Torkel Rhenman will join LyondellBasell as executive vice president, Intermediates & Derivatives (I&D) effective July 1. Rhenman succeeds James Guilfoyle who was appointed executive vice president, Advanced Polymer Solutions and Global Supply Chain in 2018.
Most recently, Rhenman was the chief executive officer of the Lhoist Group, a Belgium-based global minerals and mining company with 100 plants serving the steel, pulp and paper, mining, agriculture and construction industries. Prior to his role at Lhoist, Rhenman held a variety of positions in the U.S., U.K., Scandinavia, Switzerland, the Czech Republic, the Netherlands, and Japan with DuPont over a 26-year period. Rhenman holds a Master of Science in chemical engineering from the Royal Institute of Technology in Stockholm, Sweden.
“Torkel brings a global perspective, depth of knowledge and a track record of creating value in the organizations he has led,” said Patel. “As we look to the future, I’m confident that he will bring these experiences to the continued execution of our company’s growth strategy.”
