Nova Chemicals Corp. has named Musabbeh Al Kaabi chairman of its board of directors.
Al Kaabi is CEO of petroleum and petrochemicals for Mubadala Investment Co. of Abu Dhabi. Mubadala is the parent firm of Calgary, Alberta-based Nova, which ranks as one of North America's largest makers of polyethylene and specialty plastics. Mubadala also owns a 64 percent stake in Borealis, a petrochemicals firm based in Vienna.
"I look forward to continuing to work with Nova's management team to deliver the current slate of investment projects and build on the company's position as a leading player in the North American petrochemicals market," Al Kaabi said in a Feb. 18 news release.
As Nova chairman, Al Kaabi succeeds Suhail Mohamed Faraj Al Mazrouei, the United Arab Emirates' minister of energy and industry, who had served as chairman for nearly five years. Mubadala executives Faris Al Mazrui and Tim Breen also have joined Nova's board.