Chevron Phillips Chemical (CPChem) has announced the appointment of its new president and CEO, succeeding the current leader, Bruce Chinn. The successor, Steven Prusak, presently serves as the company's senior vice president of corporate planning and technology.
In a news release dated Feb. 8, CPChem unveiled this leadership transition, which is set to take effect on March 1. Prusak expressed his gratitude for the trust placed in him by the board of directors. "My colleagues and I are honored by the trust our board of directors has placed in us. It’s a dynamic time for our industry, and we are excited by the challenges and opportunities ahead for this company. I also want to congratulate Bruce and Mitch on their well-earned retirements and for their innumerable contributions to CPChem’s success," he said.
Prusak boasts a career spanning over three decades in the chemical industry. His LinkedIn profile reveals that he began his journey with LyondellBasell in 1990 as a senior process engineer before joining CPChem in October 2000. Since then, he has held six different positions within the company before assuming his current role.
According to Prusak's company biography, during his tenure at CPChem, he served as co-project director for the U.S. Gulf Coast Petrochemicals Project, which was completed in 2018. He also played an integral part in managing the olefins business and corporate reporting.
Chinn reflected on his time leading CPChem with fondness and pride. "The past three years at the helm of CPChem have been among the most rewarding of my career. It’s been a privilege to lead this great company through a time of transition as we advance a portfolio of strategic projects to grow our global asset base, progress a circular economy for plastics and work to lower the carbon intensity of our operations. I am most proud of our engaged global workforce for continuing to operate our plants safely and reliably and serve our customers with excellence," he said.
Chinn joined CPChem in April 2021, following a tenure of over 11 years at Chevron and Chevron Oronite. His LinkedIn profile indicates that he served at Chevron from 2006 to 2018, then assumed the role of president of chemicals at Chevron from October 2021 to March 2021.