Duarte Matos Gil will become CEO of materials firm Selenis on Jan. 1.
Matos Gil has been with Selenis since 2017 and most recently served as chief strategy officer. Current CEO Carlos Paiva will become the firm's chief operating officer.
In that role, Paiva will focus on the firm's operations in Portugal, Italy, Canada and the United States. Paiva and Matos Gil will join the executive board of Selenis parent firm IMG Group.
Matos Gil holds a bachelor's degree in global business management from Regent's University London. He's the son of IMG President Manuel Matos Gil.
Manuel Matos Gil said in the release that officials are confident that the new leadership team "will drive Selenis growth and its international expansion strategies to a higher level, capitalizing our technological and R&D investments in order to continue providing our customers the best quality and innovative products."
Portalegre, Portugal-based Selenis makes specialty polyester, PET and copolyester resins. Earlier this year, the firm launched a line of copolyesters aimed at the kitchenware market.
The firm also reached full production on glycol-modified PET resins with recycled content in early 2021. Those materials — under the ECO Series — can have up to 50 percent recycled content.
Selenis is owned by investment firm IMG Group of Porto, Portugal. IMG also owns global polyester film producer Evertis and is a 50-50 partner with Alpek Group of Mexico in a PET bottle resin plant in Montreal. Alpek handles sales and marketing of material made at that plant.