Leadership & People 2004

• Faraday raises £22m for plastics research
  Faraday Plastics and Polymers Partnership has raised the sum of £22m (E32m) in research funding for the plastics sector in the UK and Europe over the past 12 months, the DTI-backed research facilitator says.
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• FSA seeks news of Shell trio
  Royal Dutch/Shell has taken the unusual step of disclosing to the Financial Services Authority the private details of meetings held between its former senior management and institutional investors.
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• Dow Chemical's new plant is seen as more than a ripple
  Dow Chemical Co.'s recent proposal of a $131.4 million project that would create and retain 109 jobs at its Michigan operations plants in Midland is expected to have positive ripple effects for that area.
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• Bayer to slash 560 jobs, with HQ hard hit
  German drugmaker Bayer last week put an end to speculation that it is planning swingeing job cuts by conforming that it is planning to axe 560 positions in Germany and the US as part of restructuring its global pharmaceutical R&D operations.
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• Dow Chemical appointed New Vice President
  The Dow Chemical Company announced the appointment of Charles J. Kalil to Corporate Vice President and General Counsel, succeeding Richard L. Manetta. Kalil will report to Andrew Liveris, President and Chief Executive Officer. Manetta will continue as Corporate Vice President and Special Counsel to the CEO, with ongoing responsibility supporting Dow's position with respect to asbestos legislation, reporting to Liveris.
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• Dow Chemical to Invest, Retain Jobs in Midland
  Governor Jennifer M. Granholm today announced that Dow Chemical plans to rehabilitate parts of its manufacturing facilities in Midland, retaining 41 jobs and securing future resin production at the site. The Michigan Economic Development Corporation (MEDC) approved a brownfield Single Business Tax Credit (SBT) valued at more than $4.5 million to support the $45.1 million project.
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• Rapra to boost staff numbers by 40%
  UK polymer research group Rapra Technology plans to boost its headcount by more than 40% on the current figure by creating 50 new jobs over the next four years.
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• BASF signs staff deal at Ludwigshafen
  German chemicals and polymer giant BASF has signed an agreement with employee representatives on future staff levels at the Ludwigshafen complex.
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• Former Engel boss joins MPM
  Otto Urbanek, a key technical figure at Engel for many years until his departure last year, is to join Mannesmann Plastics Machinery?s (MPM) board of management with effect from 1 November.
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• It's The Benefits
  That George W. Bush may be the first president since Herbert Hoover to preside over a net loss of jobs is often repeated, but not true. That's the good news.
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• ICI Boosts Profits; Appoints Board Member
  ICI posted a 20% increase in second-quarter pretax profits, to ?118 million ($216 million), beating analysts' expectations of about ?107 million. Sales declined 6%, to ?1.4 billion, reflecting the weak dollar and the effect of divestments, ICI says.
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• Dow Chemical President to Become CEO
  Dow Chemical Co. the No. 1 U.S. chemical maker, on Monday said William Stavropoulos will step down as chief executive in November and be succeeded by President and Chief Operating Officer Andrew Liveris.
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• Trying to Rebuild Confidence
  Robert L. Wood left a top job at Dow Chemical last year to take on one of the tougher posts in the chemical industry restoring confidence in specialties firm Crompton (Middlebury, CT). The company has been battered by several years of poor earnings or losses and has been tainted by involvement in several price-fixing cases. Crompton's stock price has slumped from a high of $30/share in early 1998, to below $8/share today, and its credit rating has been downgraded to junk status.
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• Dow expansion will create 30 jobs
  Thirty new jobs will be created through a $100 million expansion by Dow Chemical Co. to its plant in Taft, the company says. Dow broke ground this month on a new latex manufacturing facility that will make paint and other construction materials sold at home improvement stores.
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• Altair Nanotechnologies Announces New Board Member Appointment
  Altair Nanotechnologies, Inc. a company engaged in developing performance materials and life science products using its metal oxide pigment and nanomaterials technology platforms, today announced the appointment of Dr. Michel Bazinet to its board of directors.
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• Pacific Sands, Inc. Names M.R. Rauscher to Board Of Directors
  Pacific Sands, Inc announced that the company has named M. R. Rauscher to the Board of Directors. Rauscher (41) has an extensive background in sales, marketing, customer support, and product development, and is currently a technical marketing executive "Fortune 10" chemical company.
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• Anderson Retires as Chairman of Dow Corning
  MIDLAND, Mich. - Dow Corning Corp. on Thursday said its chairman, Gary E. Anderson, is retiring from "active service" after 37 years with the company.
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• Bayer transfers Bushy Park to Subsidiary
  Global chemical and pharmaceuticals giant Bayer AG has transferred ownership of its Bushy Park industrial community to a new subsidiary the company plans to spin off next year.
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• Scotts CEO Jim Hagedorn Elected Co-Chairman of the National Fund for the U.S. Botanic Garden
  Jim Hagedorn, chairman of the board and chief executive officer of The Scotts Company (NYSE: SMG - News), has been elected co-chairman of the National Fund for the U.S. Botanic Garden. Hagedorn is joined as a co-chair by Teresa Heinz, who is currently on leave because of husband, John Kerry's Presidential campaign, and Leone Reeder of McLean, Virginia.
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• Pacific Sands, Inc. Hires Michel Michie as VP of Sales and Marketing
  Pacific Sands, Inc. announced that the company has hired Michel Michie VP of Sales and Marketing for its EcoOne line of nontoxic water treatment and cleaning products.
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• Prof. Friedrich Berschauer named new CEO of Bayer CropScience
  Professor Dr. Friedrich Berschauer (53), currently a member of the Board of Management of Bayer HealthCare AG and Head of its Animal Health Division, has been named Chairman of the Board of Management of Bayer CropScience AG effective April 1, 2004.
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• Company talent being turned off by bad management
  Firms need to get to grips with talent management, suggests a new survey, as a majority of high achievers admit to having their talent quashed by bad managers forcing them to leave.
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