BASF Announces Appointment of Prevost to Head Global Performance Chemicals
September 23, 2005
FLORHAM PARK, N.J. -- BASF announced that Patrick M. Prevost has been named President of the company's global Performance Chemicals operating division, based in Ludwigshafen, Germany, effective October 1, 2005. Prevost has been Executive Vice President of BASF Corp. and President of the Chemicals, Plastics and Performance Products regional division in North America.
BASF also announced that Joseph C. Breunig will succeed Prevost as Executive Vice President of BASF Corp. and President of the Chemicals, Plastics and Performance Products regional division in North America, effective October 1, 2005. Previously, Breunig served as Group Vice President of the company's Functional Polymers business in North America.
Klaus Peter Loebbe, Chairman and Chief Executive Officer, BASF Corp., said, "Since joining BASF, Patrick Prevost has played a key role in our transition to a 'value over volume' strategy in North America. Similarly, under Joe Breunig, our Functional Polymers business consistently has been one of our top-performers in North America. I'm confident that both of these talented executives will build on these successes in their new roles."
Prevost joined BASF in 2003 from BP Chemicals where he was head of strategy and planning based in London. Prevost earned an MBA from the University of Chicago and a degree in chemistry from the University of Geneva in Switzerland.
Breunig joined BASF in 1986 and has worked in a variety of engineering, manufacturing, and marketing roles. He holds an MBA and a degree in chemical engineering from the University of Pittsburgh.
BASF - The Chemical Company. We don't make a lot of the products you buy. We make a lot of the products you buy better.?
BASF Corporation, headquartered in New Jersey, is the North American affiliate of BASF AG, Ludwigshafen, Germany. Rated in FORTUNE magazine as America's Most Admired Chemical Company, we employ about 10,000 people in North America and had sales of approximately $11 billion in 2004.
BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products, agricultural products and fine chemicals to crude oil and natural gas. As a reliable partner to virtually all industries, BASF's intelligent solutions and high- value products help its customers to be more successful. BASF develops new technologies and uses them to open up additional market opportunities. It combines economic success with environmental protection and social responsibility, thus contributing to a better future. In 2004, BASF had approximately 82,000 employees and posted sales of more than $50 billion. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA), New York (BF), and Zurich (AN).
