Materials maker Chevron Phillips Chemical Co. has named Bruce Chinn as its new CEO, effective April 1.
Chinn currently is president of Chevron Chemicals, a unit of CP Chem partner firm Chevron Corp. He's been with Chevron since 2006 and has more than 35 years of chemical industry experience.
CP Chem is a major supplier of polyethylene and related feedstocks and specialty chemicals based in The Woodlands, Texas. The firm is a 50-50 joint venture between energy firms Chevron and Phillips 66. CP Chem posted sales of about $8.3 billion in 2020.
At Chevron, Chinn has held executive leadership roles in refining and at facilities in Venezuela, California and Mississippi. In a news release, officials said that Chinn is active in his community and in the industry, currently serving as vice chairman of the American Institute of Chemical Engineers Foundation board of trustees and as a member of the Executive Leadership Council.
CP Chem board member Kevin Mitchell, chief financial officer of partner firm Phillips 66, said in the release that Chinn "is a proven leader with a multidimensional background in international operations and business, which positions him well to drive the company's strategy."
Chinn is replacing Mark Lashier, who is retiring after more than 30 years with CP Chem and Phillips 66. He had been CP Chem's president and CEO since 2017.
"It has been a great privilege to serve as president and CEO of Chevron Phillips Chemical," Lashier said. "From growing our world-class international manufacturing asset base to advancing key sustainability initiatives, I am incredibly proud of what we have achieved together."
In another move effective April 1, B.J. Hebert will become president and chief operating officer of CP Chem. He's currently the firm's executive vice president and chief operating officer.
Hebert joined CP Chem in 2020 and has more than 30 years of experience in the chemical industry, including three years as president of Occidental Chemical (OxyChem) before joining CP Chem.
CP Chem board member Michael Coyle said that since joining CP Chem, Hebert "has demonstrated a strong focus on safe, reliable operations and established himself as an energetic and forward-thinking leader."