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Photo: Perstorp
Ib Jensen (right) takes over from Jan Secher (left) as new CEO of Perstorp Group.
18.01.2023

Ib Jensen takes over from Jan Secher as new CEO of Perstorp Group

Effective March 1st, Ib Jensen takes over from Jan Secher as Chief Executive Officer of Perstorp Group, a specialty chemicals company headquartered in Malmö, Sweden and since 2022 part of PETRONAS Chemicals Group Berhad (PCG).

Ib Jensen is a highly respected senior industry executive with a long career as CFO and extensive experience from M&A and integration of acquired companies, something that will be required in the next phase for Perstorp.

After more than 9 successful years as the CEO of Perstorp Group, Jan Secher has decided to step down. This decision is based on a personal direction set more than a year ago, prior to the acquisition by PCG, allowing for a full search process to be conducted for his replacement. Ib Jensen has been CFO of Perstorp for the past year and was considered the most qualified candidate based on his knowledge of the company, long term experience of the specialty chemicals industry and high level of appreciation in both Perstorp as well as in PCG. Previous experience include CFO and executive roles within Finance and IT at companies such as Arxada, Lonza, Syngenta, Danisco and LEGO.

Effective March 1st, Ib Jensen takes over from Jan Secher as Chief Executive Officer of Perstorp Group, a specialty chemicals company headquartered in Malmö, Sweden and since 2022 part of PETRONAS Chemicals Group Berhad (PCG).

Ib Jensen is a highly respected senior industry executive with a long career as CFO and extensive experience from M&A and integration of acquired companies, something that will be required in the next phase for Perstorp.

After more than 9 successful years as the CEO of Perstorp Group, Jan Secher has decided to step down. This decision is based on a personal direction set more than a year ago, prior to the acquisition by PCG, allowing for a full search process to be conducted for his replacement. Ib Jensen has been CFO of Perstorp for the past year and was considered the most qualified candidate based on his knowledge of the company, long term experience of the specialty chemicals industry and high level of appreciation in both Perstorp as well as in PCG. Previous experience include CFO and executive roles within Finance and IT at companies such as Arxada, Lonza, Syngenta, Danisco and LEGO.

Jan Secher remains in the CEO role until March 1st and will thereafter serve as an advisor to the new CEO and the Chairman, focusing on strategy and transferring external relationships. Monica Jönsson, currently deputy CFO, will take on the role as CFO when Ib Jensen assumes the position as CEO. PCG is fully committed to the Executive Leadership Team of Perstorp and expects the team to continue the successful integration work as well as dealing with the volatile global macro situation.

More information:
Petronas
Source:

Perstorp

12.10.2022

PCG completes acquisition of Perstorp

Perstorp has been acquired by PETRONAS Chemicals Group Berhad (PCG), Malaysia´s leading integrated chemicals provider and part of PETRONAS Group, on 11 October 2022.

In May this year, PCG signed a Securities Purchase Agreement with Financière Forêt S.à.r.l, a company under PAI Partners, a European private equity firm, to acquire the entire equity interest in Perstorp, a leading sustainability-driven global specialty chemicals company based in Sweden. With the completion of the acquisition, Perstorp is now PCG’s wholly-owned subsidiary.

Perstorp has been acquired by PETRONAS Chemicals Group Berhad (PCG), Malaysia´s leading integrated chemicals provider and part of PETRONAS Group, on 11 October 2022.

In May this year, PCG signed a Securities Purchase Agreement with Financière Forêt S.à.r.l, a company under PAI Partners, a European private equity firm, to acquire the entire equity interest in Perstorp, a leading sustainability-driven global specialty chemicals company based in Sweden. With the completion of the acquisition, Perstorp is now PCG’s wholly-owned subsidiary.

PCG will strive to ensure the timely completion of Perstorp’s growth projects in a safe and cost-effective manner. Perstorp has several projects lined up in the near future, including the launch of Project Air which aims to reduce carbon emissions through the production of sustainable methanol. Recently, The European Union Innovation Fund selected Project Air, as one of the 17 large-scale green tech projects, which together will be granted more than EUR 1.8 billion. Project Air is a gamechanger for the chemical industry, moving from fossil raw materials to recycled and bio-based feedstock, thereby enabling sustainable chemical products to a large variety of industries and end products. At full capacity, it will reduce global CO2 emissions with close to 500,000 metric tons per year from today’s levels, corresponding to one percent of current emissions in Sweden.

More information:
Perstorp PCG
Source:

EMG for Perstorp

Tommy Hilfiger partners with Formula 1 World Champions Mercedes-AMG Petronas Motorsport The TOMMY HILFIGER logo featured on the Mercedes-AMG Petronas Motorsport car. Photographed by Mikael Jansson.
06.02.2018

Tommy Hilfiger partners with Formula 1 World Champions Mercedes-AMG Petronas Motorsport

The multi-year deal brings the TOMMY HILFIGER brand back to the world of Formula One for the first time in 17 years, as the Official Apparel Partner for the four-time World Champions Mercedes-AMG Petronas Motorsport.

Tommy Hilfiger, which is owned by PVH Corp. [NYSE: PVH], announces it has formed a multi-year strategic partnership with four-time Formula One World Champions Mercedes-AMG Petronas Motorsport. Starting in the 2018 season, TOMMY HILFIGER will be the Official Apparel Partner of Mercedes-AMG Petronas Motorsport, building on the sport sponsorship heritage that Tommy Hilfiger has embraced since first founding his brand. The partnership with the world’s top Formula One team and leading automobile innovator underscores Tommy Hilfiger’s vision to continuously elevate and expand the brand in key markets for the next generation of TOMMY HILFIGER consumers.

The multi-year deal brings the TOMMY HILFIGER brand back to the world of Formula One for the first time in 17 years, as the Official Apparel Partner for the four-time World Champions Mercedes-AMG Petronas Motorsport.

Tommy Hilfiger, which is owned by PVH Corp. [NYSE: PVH], announces it has formed a multi-year strategic partnership with four-time Formula One World Champions Mercedes-AMG Petronas Motorsport. Starting in the 2018 season, TOMMY HILFIGER will be the Official Apparel Partner of Mercedes-AMG Petronas Motorsport, building on the sport sponsorship heritage that Tommy Hilfiger has embraced since first founding his brand. The partnership with the world’s top Formula One team and leading automobile innovator underscores Tommy Hilfiger’s vision to continuously elevate and expand the brand in key markets for the next generation of TOMMY HILFIGER consumers.

“From the first time I attended a Formula One race, I was completely fascinated by the world of motorsports,” said Tommy Hilfiger. “To be re-entering this arena with World Champions MercedesAMG Petronas Motorsport and their number one team is an incredible way to fuse fashion and Formula One. I recognize the passion, spirit and drive that the entire Mercedes-AMG Petronas Motorsport team shows at every race, and these shared qualities are why I’m excited to partner with them for the upcoming seasons.”

For the past four Formula One seasons, Mercedes-AMG Petronas Motorsport has won both the Constructors’ and Drivers’ World Championships, with the team’s British racing driver Lewis Hamilton winning his fourth World Championship title in 2017 and Finnish driver Valtteri Bottas taking third place.

Under the long-term partnership, TOMMY HILFIGER will be the Official Apparel Partner, supplying travel and team kits, as well as office and hospitality apparel for the more than 1,500 individuals who make up the Mercedes-AMG Petronas Motorsport team. The TOMMY HILFIGER logo will be featured on the team’s 2018 race cars, which will be revealed on February 22, 2018 at the Silverstone track in the United Kingdom, as well as inside the Mercedes-AMG Petronas Motorsport pit garage and other trackside assets.

More information:
TOMMY HILFIGER
Source:

NETWORK PUBLIC RELATIONS GMBH