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Mexicana Orbia Appoints New CEO

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MEXICO CITY, Jan 20- The Mexican petrochemical company Orbia appointed Sameer Bharadwaj as its new CEO, replacing Daniel Martínez-Valle, who resigned to undertake other projects after three years in that role.

Orbia, previously called Mexichem, reported that Martínez-Valle’s resignation will take effect from February 1 and occurred by mutual agreement with the company’s Board of Directors, according to a statement sent to the local stock exchange on Tuesday night.

“Mr. Martínez-Valle and his successor, Mr. Bharadwaj will work in a coordinated manner during the rest of January to ensure an orderly and effective transition process,” added the petrochemical company.

 

The 50-year-old Bharadwaj joined Orbia in 2016 and was president of the Fluor and Vinyl division, the company said, which confirmed in early January that it was exploring options to make a sale or strategic alliance of one of its subsidiaries. .

Ben Oakley
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