Solvay SA has announced that it is in the process of identifying a successor for its CEO Jean-Pierre Clamadieu, following his appointment as the chairman of French energy company Engie Group.
Engie is set to name Clamadieu as a board member and chairman during its upcoming shareholder meeting May 18.
In a Feb. 13 statement, Solvay said Clamadieu would remain as the CEO for the time being while the company seeks a replacement.
"We are now accelerating the process to identify Jean-Pierre's successor to pursue the successful strategy that we launched a few years ago,” said Nicolas Boël, Solvay board chairman.
The Belgian specialty company expects to conclude the transition by the end of the year.