Hexion Specialty Chemicals Inc. has named the management team that will run Hexion once it completes its $10.6 billion purchase of Huntsman Corp. later this year.
Huntsman President and Chief Executive Officer Peter Huntsman will be chairman of Columbus, Ohio-based Hexion. Huntsman has been with the Salt Lake City firm founded by his father, Jon Huntsman, since 1987 and has been in his current role since 2000.
Craig Morrison, Hexion's current chairman, president and chief executive officer, will retain the two latter titles. Donald Stanutz will be chief operating officer. He was president of Huntsman's performance products division.
William Carter will continue as Hexion's executive vice president and chief financial officer.
The deal awaits regulatory approval. The combined firm will have annual sales of more than $14 billion.