Celanese announces new CEO, leadership transition

Dallas, Texas – Celanese Corp.’s current chief operating officer (COO) Scott Richardson is to takeover as CEO, and join the company’s board of directors, effective 1 Jan, 2025.

Richardson will succeed Lori Ryerkerk, who is stepping down as chairman, CEO and director of Celanese at the end of the year, said the group’s 9 Dec announcement.

Celanese has also elected Edward Galante, an independent director on Celanese’s board since 2013, as chair of the board, effective upon Ryerkerk’s departure.

Richardson joined Celanese in 2005, having previously held finance, operational and leadership roles at American Airlines. He holds a BA degree in Accounting from Westminster College, and an MBA from Texas Christian University.

Over his two decades at Celanese, Richardson has served in a number of key management roles, including COO, CFO and leadership positions at its Engineered Materials (EM) and Acetyl Chain (AC) businesses.

“Richardson was intimately involved in creating and implementing the EM and AC operating models that work together as a strategic pair to create value,” added Celanese.

 “Celanese is known for tenacious execution, even during difficult times, and I am confident we have all the critical components to create value for our shareholders, customers, employees and partners,” said Richardson.

“I am fully committed to driving the changes needed in light of today’s challenges… working to position Celanese to capitalise on its significant upside potential, resilient free cash flow and long-term value creation.”

“Coming out of retirement to lead Celanese since 2019 as CEO has been the true highlight of my career, and I'm proud of what we've achieved together,” said Ryerkerk.

“Scott is a proven executive who brings deep expertise across the Company’s business and new perspectives to the CEO role.

Galante, who was elected to the Celanese board in 2012, was previously senior VP and member of the management committee of Exxon Mobil Corp. (2001 – 2006), and executive VP of ExxonMobil Chemical (1999 – 2001).