Solvay accelerates succession plan for CEO Jean-Pierre Clamadieu

Brussels - Solvay SA has announced that it is in the process of identifying a successor for its CEO Jean-Pierre Clamadieu, following his appointment as the chairman of French energy company Engie.

Engie is set to name Clamadieu as a board member and chairman during its upcoming shareholder meeting on 18 May.

In a 13 Feb statement, Solvay said Clamadieu would remain as the CEO for the time being while the company seeks a replacement.

"We are now accelerating the process to identify Jean-Pierre's successor to pursue the successful strategy that we launched a few years ago,” said Nicolas Boël, chairman of the board of Solvay.

The Belgian speciality chemicals company expects to conclude the transition by the end of the year.