Kavaler Award 2022 Press ReleaseCelanese Chairman, CEO & President Lori Ryerkerk to receive The Chemists’ Club Kavaler Award 2022
|New York, March 1, 2022 – The Chemists’ Club Kavaler Award 2022, sponsored by Piper Sandler, will be awarded to Lori J. Ryerkerk, Chairman, Chief Executive Officer and President of Celanese Corporation, as voted on by her peers in the global chemical industry. This prestigious award honors the exceptional performance of innovators and disruptors of the status quo in the sector.|
The 2022 Kavaler Award will be presented to Lori Ryerkerk at a black tie dinner ceremony on Tuesday, April 5, 2022 at the historic Metropolitan Club of New York, in New York City. To register: https://www.thechemistsclub.org/kavaler_award.php
Lori J. Ryerkerk
Chairman, CEO & President
“It is my honor to be the recipient of the Kavaler Award and to be recognized by my peers in the global chemical industry. This truly represents the efforts of so many individuals at Celanese who share in this achievement with me,” said Lori Ryerkerk, Chairman, Chief Executive Officer and President of Celanese Corp. “The Kavaler Award is a symbol of the great contributions our industry can make to help improve the world and everyday life through our people, chemistry and innovation.”
To select the winner, the 124-year-old Chemists' Club invited a large and diverse array of chemical industry leaders around the world to vote from a ballot of 13 nominees. These nominees were selected on the basis of a wide range of criteria including innovation, diversity and inclusivity, safety and health, to name but a few, as well as operational excellence and share price performance. One common theme across this year's nominees was that they have delivered ESG actions that have been meaningful and visible both from within the industry and more broadly in society, in addition to strong financial performance and strategic realignment.
Lori Ryerkerk was nominated and selected based on these impressive criteria, the first woman voted by her peers for a major industry award.
“Her selection is extremely well deserved,” said Dr. Roland Stefandl, President of The Chemist’ Club. “Since becoming CEO of Celanese in May 2019 and Chairman in May 2020, Lori Ryerkerk has not only advanced the aggressive growth trajectory of the company, but has also further accelerated the huge strides that Celanese had made in improving diversity and inclusion,” noted by Telly Zachariades, Piper Sandler Chemicals team. “She has ingrained a culture of sustainability throughout the company. Celanese’s plans to replace traditional methanol feedstocks with recycled carbon dioxide are just one example of the importance she places on sustainability. Importantly, the examples she has set in her leadership have been hugely valuable for the public perception of the chemicals industry as a whole, at a point when many manufacturing sectors have fallen out of favor.”
Lori Ryerkerk joins an illustrious group: the most recent Kavaler honorees have been Amin Nasser, CEO of Saudi Aramco, Bob Patel, CEO of LyondellBasell, Kurt Bock, CEO of BASF, Jim Ratcliffe, chairman of INEOS, and Andrew Liveris, CEO of Dow Chemical. For more information on the Kavaler Award and Gala, please contact Dr. Roland Stefandl, President, The Chemists’ Club, at RolandStefandl@thechemistsclub.org, +1 (201) 888-0440. About the Award
The Chemists' Club Kavaler Award, sponsored by Piper Sandler, is a revival of the Kavaler Award presented by Chemical Market Reporter
to leading chemical CEOs from 1990-1999. The award was revived in 2013 with 1st
Kavaler Award of the new era going to Charles Bunch, CEO of PPG.
The Kavaler Award is granted in honor of Arthur Kavaler, who served for 46 years as reporter, editor, and eventually publisher and editor-in-chief of Chemical Market Reporter
. As Andrew Liveris of Dow said, "he was a probing reporter and editor with unwavering conviction," who had a major positive impact on chemical industry journalism for many decades. Kavaler passed away at the age of 91 on January 18, 2012. About The Chemists’ Club
Founded in 1898, The Chemists' Club's is a 501(c)3 nonprofit educational organization whose membership is open to anyone with an interest in the chemical sciences, including: chemists and chemical engineers, chemical industry management, consultants, financial analysts, attorneys, academics, and students (dues-free). It provides networking opportunities for members to mix and meet with others in the chemical process sector, such as biotech, chemical, pharmaceuticals, cosmetics, paper, and similar industries. The Club also supports the growth of the chemical industry by working with college students and introducing them to the range of career opportunities available in the chemical industry today. For more information about The Chemists' Club: www.thechemistsclub.org About Piper Sandler
Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in Europe through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through Piper Sandler Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Private equity strategies and fixed income advisory services are offered through separately registered advisory affiliates. About Celanese Corporation
Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 8,500 employees worldwide and had 2021 net sales of $8.5 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com. For media inquiries:
The Chemists’ Club
W. Travis Jacobsenwilliam.firstname.lastname@example.org
+1 (972) 880-0659 For further information:
Dr. Roland Stefandl, President, The Chemists’ Club
+1 (201) 888-0440 To attend The Chemists’ Club Kavaler Award Gala, sponsored by Piper Sandler: https://www.thechemistsclub.org/kavaler_award.php