Chemicals company Nouryon has announced a new organizational model as part of its strategy to improve growth and performance.

The new model, which will take effect at the beginning of 2020, is organized around three market-focused businesses supported by a centralized operations and functional structure, the company said.

The three businesses are Technology Solutions, managed by Johan Landfors, formerly MD OF Polymer Chemistry; Industrial Chemicals where Knut Schwalenberg continues as president and Performance Formulations with a president named at a later date.

’This optimized model will allow our businesses and support organizations to concentrate on what they do best,’ said Charlie Shaver, Nouryon CEO. ‘Each business will have a clear mission, driving management focus.’

This story uses material from Nouryon, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.