HOUSTON - Chevron Chemical Co. of San Ramon, Calif., announced Dec. 15 it will merge its Aromatics and Olefins divisions, both of which are headquartered in Houston, to form a new U.S. Chemicals Division in Houston. Chevron said it is combining the units to improve efficiency and to refocus them so they can grow in key markets around the world.
Chevron said its Aromatics and Olefins divisions produce key monomers and feedstocks used in the production of polymers and other petrochemical products.
The division will report to a new International Group. That group has yet to be formed, but will based in San Ramon, the company said.
Managers will be responsible for six businesses within the new U.S. Chemicals Division, the company said.
Details on management appointments and further information on the restructuring will be announced during the next several months, according to the company.
The six business managers will report to Ed Kura, who formerly was responsible for the Aromatics division. Kura was named vice president and general manager of the U.S. Chemicals division. He will report to Darry Callahan, senior vice president of Chevron.
George Scott, vice president and general manager of the Olefins division, previously announced his retirement.
The company said John Sanders, vice president and general manager of Chevron's Oronite Additives Division, also previously announced his retirement, and will be replaced by Jim Lieto. Lieto also will report to Callahan.
Chevron said its plants will not be affected outwardly by the restructuring.
Also, the company said it does not expect to reduce the size of its work force as a result of the restructuring.