CEO Today United Kingdom Awards

www.ceotodaymagazine.com 38 CEO Today United Kingdom Awards 2018 CHEMICALS PAUL WATERMAN Group CEO of Elementis ABOUT PAUL WATERMAN Elementis plc is a global specialty chemicals company that delivers Enhanced Performance Through Applied Innovation. Harnessing our expertise in high performing ingredients to refine and improve stability and flow, we enhance ourcustomers’ product performance. We operate in two businesses: Specialty Products and Chromium. In Specialty Products we provide high value functional additives to the Personal Care, Coatings and Energy end markets that improve the flow characteristics and performance of our customers’ products and production processes. The Chromium business provides chemicals to its customers that make their products more durable in applications such as aerospace alloys, timber treatment and leather production. Corporate strategy Our Reignite Growth strategy goes through every aspect of our business. It examines, challenges and clarifies actions that need to be taken to help us build a high performing Group. The four pillars to our strategy are: 1. PURSUE BEST GROWTH OPPORTUNITIES - Growing our position in Personal Care, Coatings Asia and accelerating and globalising how we work and grow with our major customers are central to our growth opportunities. 2. PURSUE SUPPLY CHAIN TRANSFORMATION - Transforming our supply chain by addressing disadvantaged assets, improving manufacturing productivity and pursuing procurement savings will unlock cash and deliver improved financial performance. 3. INNOVATE FOR HIGH MARGINS AND DISTINCTIVENESS - Innovation is at the heart of what we do. Sustaining our innovation leadership position whilst improving our new product pipeline will allow us to continue to enhance our customers’ performance. 4. CREATE A CULTURE OF HIGH PERFORMANCE - Investment in structure, capability and processes will further create a culture that focuses on transparency, delivery and high performance. Group overview Elementis is a global specialty chemicals company serving customers in North and South America, Europe and Asia in a wide range of markets and sectors. Elementis Specialty Products Through the application of our expertise in high performing ingredients that improve stability and flow we provide high value additives that enhance our customers’ product performance. We deliver Enhanced Performance Through Applied Innovation to the Personal Care, Coatings and Energy markets. Elementis Chromium We are a leading producer of chromium chemicals with a strong position in North America. We provide chromium chemicals that make our customers’ products more durable. FIRM PROFILE Paul Waterman was appointed Group CEO on 8 February 2016. Before joining Elementis he was global CEO of the BP lubricants business since July 2013 after having overseen the BP Australia/ New Zealand downstream business and been country president of BPAustralia since August 2010. Prior to that he was CEO of BP’s global aviation, industrial, marine & energy lubricants businesses (2009 to 2010) and CEO of BP lubricants Americas (2007 to 2009). He joined BP after it acquired Burmah-Castrol in 2000 having joined the latter in 1994 after roles at Reckitt Benckiser and Kraft Foods. Paul Waterman is an American national and has lived in Southern California, New Jersey, UK andAustralia. He holds a BSc degree in packaging engineering from Michigan State University and an MBA in finance and international business from New York University, Stern School of Business.