Celanese Appoints Verghese Thomas Chief Technology & Innovation Officer

Tue, July 12 2016

DALLAS--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global technology and specialty materials company, announced today it has appointed Dr. Verghese Thomas as Chief Technology & Innovation Officer. The appointment of Thomas, currently the company’s Global Technology & Innovation Director of the Celanese engineered materials and EVA polymers businesses, supports the company’s emphasis on applying its process, product and application technology expertise toward customer-focused innovation.

“Verghese brings to this role a keen understanding of how the company’s technology, product and innovation strategy serves our business strategy," said Mark Rohr, chairman and chief executive officer, Celanese. “In leading our technology and innovation efforts, his responsibilities will include accelerating collaboration across and within the company’s Materials Solutions and Acetyls cores to enhance the company's dual capabilities in technology-enabled chemistry and customer-oriented solutions.”

One of the key pillars of Celanese’s operating model is the value created by the company’s Technology & Innovation organization. Through innovative process technology, application solutions and pipeline development, this organization has been a key contributor to the company’s growth strategy.

Dr. Thomas joined Celanese in 2009 and has held various technology roles of increasing leadership responsibility in the company. In the past 18 months, Dr. Thomas led the team responsible for the technology innovation efforts in the Celanese engineered materials business as it contributed significantly to the record financial performance achieved by the company.

Prior to joining Celanese, Dr. Thomas was the Global Technology General Manager for the Specialty Film & Sheet business at Sabic Innovative Plastics. Previously, he held various technology leadership roles in multiple businesses at GE Plastics with a strong track record of innovation in polymer product and process technologies.

Dr. Thomas holds Ph.D. and M.S. degrees in Polymer Technology from Texas A&M University in College Station, Texas.

About Celanese

Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our two complementary business cores, Acetyl Chain and Materials Solutions, use the full breadth of Celanese’s global chemistry, technology and business expertise to create value for our customers and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,000 employees worldwide and had 2015 net sales of $5.7 billion. For more information about Celanese and our product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.

All registered trademarks are owned by Celanese International Corporation or its affiliates.

Forward-Looking Statements

This release may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance, capital expenditures, financing needs and other information that is not historical information. When used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the company or any of its customers will realize these benefits or that these expectations will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release. Numerous factors, many of which are beyond the company’s control, could cause actual results to differ materially from those expressed as forward-looking statements. Other risk factors include those that are discussed in the company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.

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Celanese
Investor Relations
Chuck Kyrish, +1 972 443 4574
chuck.kyrish@celanese.com
or
Media Relations – Global
W. Travis Jacobsen, +1 972 443 3750
william.jacobsen@celanese.com
or
Media Relations Asia (Shanghai)
Helen Zhang, +86 21 3861 9279
lan.zhang@celanese.com
or
Media Relations Europe (Germany)
Jens Kurth, +49(0)69 45009 1574
j.kurth@celanese.com

Source: Celanese Corporation