Borealis: Gerd Löbbert appointed Executive Vice President for Polyolefins

Borealis, a leading provider of chemical and innovative plastics solutions, announces the move of Gerd Löbbert from his current position as Executive Vice President for Base Chemicals to the position of Executive Vice President for Polyolefins, effective October 1, 2010. Lorenzo Delorenzi, currently Executive Vice President for Polyolefins has decided to leave Borealis by the end of this year and return to Belgium to pursue other career opportunities.

Gerd Löbbert joined Borealis in January 2010 as Executive Vice President for Base Chemicals. Prior to Borealis, he held various positions at BASF, specifically in the area of pigments, polymers and additives. He was Marketing Director Inks and Pigments in the United States; Vice President, Global Business Unit printing inks and dispersions in Stuttgart, Germany; and Group Vice President Performance Chemicals for Coatings, Plastics and Specialities. From 2005, Löbbert was Group Vice President, Cracker Products and Industrial Gases Europe and in mid-2009 he took over responsibility for restructuring the worldwide pigment activities, before he joined Borealis as Executive Vice President for Base Chemicals.

"We are pleased that we now have the possibility to make use of Gerd's wealth of experience in the chemical and petrochemical industry also in our Polyolefins Business Group. After he set the strategic framework for the base chemicals business development he will now drive the polyolefins business to the next level,” comments Borealis Chief Executive Mark Garrett. "I also would like to extend my appreciation and gratitude to Lorenzo for his committed leadership and guidance of our polyolefin businesses in Borealis and Borouge Pte. through a period of exceptional challenges. We wish him all the best for his next career steps.”