Braskem Names CEO of US Biz

Braskem has named Luiz de Mendonca CEO of Braskem America, it says. He replaces Carlos Fadigas, who was CEO of the Brazilian petrochemical producer’s US unit until he was named CEO of Braskem in December. Mendonca had been CEO of petrochemical company Quattor since its 2010 acquisition by Braskem, and prior to that had been vp of Braskem’s polymers unit and basic petrochemicals unit. In addition to his role as Braskem America CEO, Mendonca will oversee Braskem’s international expansion projects, including those already in place in Mexico, Venezuela and Peru as well as the company’s green chemical business. Braskem acquired Sunoco Chemicals for $350m in 2008 and renamed it Braskem America.