Braskem Names Fadigas CEO

Carlos Fadigas has been approved as CEO of Braskem by the petrochemical company’s board, it says. He replaces Bernardo Gradin, who announced last month he planned to step down. Fadigas had been head of Braskem America, as Sunoco Chemicals was renamed following a $350m acquisition by Braskem in February. He was instrumental in negotiating the acquisition as CFO, the post he had held from 2006 until taking over Braskem America.