Lucrèce Foufopoulos-De Ridder, EVP Polyolefins, Circular Economy Solutions and Innovation & Technology, to step down from her executive position at Borealis.
The Supervisory Board of Borealis has accepted the decision of Lucrèce Foufopoulos-De Ridder, EVP Polyolefins, Circular Economy Solutions and Innovation & Technology to step down from her executive position at Borealis, and the Board of Borouge Pte effective 31 December 2023 to pursue other career opportunities.
In January 2019 Lucrèce was appointed to the Borealis Executive Board as Executive Vice President Polyolefins and Innovation & Technology. During these years, she brought strong focus on circularity and innovation. Before joining Borealis, she gained more than 20 years of global professional experience in the specialty chemical and petrochemical industry, serving leading industrial multinationals, including Dow Corning, Dow Chemical, Rohm and Haas and Tyco. Prior to Borealis, Lucrèce Foufopolos was Vice President & General Manager of Eastman Chemical. She is also an independent board member of Sika, a Swiss multinational specialty chemical company, and Royal Vopak, a leading tank storage company. In addition, she is a steering board member of Plastics Europe.
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About Borealis
Borealis is one of the world’s leading providers of advanced and sustainable polyolefin solutions. In Europe, Borealis is also an innovative leader in polyolefins recycling and a major producer of base chemicals. We leverage our polymer expertise and decades of experience to offer value-adding, innovative and circular material solutions for key industries such as consumer products, energy, healthcare, infrastructure and mobility.
With operations in over 120 countries and head offices in Vienna, Austria, Borealis employs around 6,000 people. In 2022, we generated a net profit of EUR 2.1 billion. OMV, the Austria-based international oil and gas company, owns 75% of our shares. The Abu Dhabi National Oil Company (ADNOC), based in the United Arab Emirates (UAE), owns the remaining 25%.
In re-inventing essentials for sustainable living, we build on our commitment to safety, our people, innovation and technology, and performance excellence. We are accelerating the transformation to a circular economy of polyolefins and expanding our geographical footprint to better serve our customers around the globe. Our operations are augmented by two important joint ventures: Borouge (with ADNOC, headquartered in the UAE); and Baystar™ (with TotalEnergies, based in the US).
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