Video Showcase

Methanex Corp. names new CEO

9/21/2012 8:37:55 PM | Stockhouse Editorial

1166 Reads

Rate this

clarity
0

clarity : 0
Rate this:

overall quality
0 overall quality : 0
Average quality rating by the Stockhouse community.

credibility
0

credibility : 0
Rate this:

usefulness
0

usefulness : 0
Rate this:

John Floren succeeds Bruce Aitken in the role of President and Chief Executive Officer, effective January 1, 2013.

Petrochemicals giant Methanex Corp. (TSX: T.MX, Stock Forum) (NASDAQ: MEOH, Stock Forum) said Friday John Floren has been named to the position of President and Chief Executive Officer.

Floren, who is currently the company’s senior vice-president, Global Marketing & Logistics, will step into the role starting on January 1, 2013, Methanex said in a press release.

He succeeds Bruce Aitken, who is retiring after 21 years with Methanex, but will remain a director.

“It has been a true honour leading Methanex for the past 8 years. I will miss the employees and day-to-day running of the company, which has been an important part of my life for so long, Aitken said. “John Floren has great leadership abilities and management expertise and I believe he will be an exceptional CEO.’’

Trading at $27.38 on Friday, Methanex has a market cap of $2.57 billion, based on 93.9 million shares outstanding. The 52-week range is $35 and $20.64.

ABOUT THE AUTHOR

Stockhouse Editorial

Stockhouse Conflict and Disclosure Policy:

Stockhouse publishing Ltd., owners and operators of Stockhouse.com, has established the following rules to ensure that there is no appearance of impropriety on the part of any Stockhouse Editorial writers ("Writers"). The content of Stockhouse Editorial articles (the "Articles") are the opinion of the Writer and any reliance on the content of these articles is at your sole risk. Our Writers are not registered investment advisors. You should not make any kind of investment decision in relation to Articles or stocks discussed in them without obtaining advice from a registered investment advisor.

Facts relied upon by our Writers are generally provided by the subject companies or gathered by our Writers from other public and/or private sources. These facts may be in error and if so, the opinions of our Writers may be materially different.

Writers may own, buy, or sell shares in public companies mentioned in their Articles, but in the Article they must prominently state their ownership position. Thus, a conflict may exist. Writers are not permitted to write Articles that attempt to benefit persons connected to the Writer, such as family or friends, except where disclosure is made in the same way as if the Writer him/herself owns stock.

Writers cannot solicit, accept, or agree to receive anything of value given or paid with the intent of influencing their Articles.

Stockhouse notifies each Writer about these rules, and we rely on the integrity of our Writers to ensure that our rules are followed.