leadership
confidence high
sentiment neutral
materiality 0.65
Celanese appoints Scott Richardson CEO, Edward Galante Chair as of Jan 1, 2025
Celanese Corp
- Scott Richardson named CEO and President, succeeding Lori Ryerkerk who steps down from Board and roles.
- Edward Galante, independent director since 2013, elected Chair of the Board.
- Richardson's base salary set at $1.15M; target bonus 125% of salary; FY2025 equity grant target $7.5M.
- Richardson served as COO since Nov 2023 and previously as CFO; also joins the Board.
- Ryerkerk to receive severance under Executive Severance Benefits Plan; time-based equity to vest fully.