Damascus, Syria -- Baalbaki Chemical Industries aims of developing its corporate governance and expanding its polyurethane activities in the Middle East and North Africa were reinforced in October 2009 by the inaugurated a new advisory board of international experts.
The move is part of Baalbaki's overall plan to improve governance and reduce dependence on family management talent, said a 22 Jan announcement from the Middle-Eastern group.
Baalbaki is an integrated polyurethane systems business with three systems houses in the Middle East. It also makes acrylic polyols, PU adhesives and thermoplastic polyurethanes for adhesives. BCI also makes unsaturated and saturated polyester resins.
The new BCI advisers have a range of financial and trade skills, with two polyurethanes experts providing vital expertise. One of these is the head of the new advisory board, Hans-Joachim Kogelnick, who had a long career in the polymer industry, in roles which include running Bayer Corp. USA's polyurethanes business as well as heading global polyurethane manufacturing for the German materials group.
Kogelnick is supported by:
• Robin Grieve, who has just retired from a consultancy role with the Chinese polyurethane supplier Yantai Wanhua Polyurethane Co. Ltd. Grieve has spent his entire 48 year career in the polyurethanes industry, starting with Upjohn Polymer in 1961, and working also with Dow Chemical Co. and Olin Chemical before becoming a consultant in 1999,with a focus on China.
• Frank Hesscke, who was a trade official with the European Commission for about 35 years, most recently acting from 2003 to 2006 as head of the European Union delegation to Syria.
• Philip Khoury, who is a financial expert and co-founder and managing director of a Turkish asset-management company.