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Solvay SA (SVYSF)

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37.05+0.92 (+2.55%)
At close: 01:14PM EDT

Solvay SA

Rue de Ransbeek, 310
Brussels 1120
Belgium
32 2 264 21 11
https://www.solvay.com

Sector(s)Basic Materials
IndustryChemicals
Full-time employees9,000

Key executives

NameTitlePayExercisedYear born
Mr. Philippe KehrenCEO, Chairman of Executive Committee & Director1.34MN/A1971
Mr. Alexandre BlumChief Financial and Strategy Officer & Member of Executive Committee791.05kN/A1973
Mr. Lanny DuvallCOO & Member of Executive Committee458.61kN/A1968
Dr. Mark Van BijsterveldChief People Officer & Member of Executive Committee482.87kN/A1969
Ms. Lisa Jane BrownGeneral Counsel, Corporate Secretary & Member of Executive Committee501.35kN/A1978
Mr. Michael FinelliChief Technology OfficerN/AN/AN/A
Ms. An NuyttensPresident of Aroma Performance & Silica BusinessesN/AN/AN/A
Mr. Vincent KamelPresident of Performance PolyamidesN/AN/A1964
Mr. J. Michael RadossichPresident of Novecare BusinessN/AN/A1970
Mr. Carlos SilveiraPresident of Peroxides GBUN/AN/AN/A
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Solvay SA provides advanced materials and specialty chemicals worldwide. It operates through four segments: Materials, Chemicals, Solutions, and Corporate & Business Services. The Materials segment offers specialty polymers, including aromatic polymers, high barrier polymers, and fluoropolymers for the electronics, automotive, aerospace, and healthcare industries; and composite materials for aerospace engineered materials market. The Chemicals segment produces and sells soda ash and sodium bicarbonate primarily to the flat and container glass industries, as well as for use in detergents, pharmaceutical, and feed and food industries; hydrogen peroxide for use primarily in the paper industry to bleach pulp, as well as chemicals, electronics, food, mining, and environment; and dispersible silica for tire manufacturers; and solvent solutions, phenols and derivatives, polyamide derivatives and smart, functional, and sustainable yarns and polymers. The Solutions segment offers specialty chemicals for agro, home and personal care, coatings, and industrial markets; technology solutions in specialty mining reagents, phosphine-based chemistry, and solutions for the stabilization of polymers; fluorine and rare-earth formulations for automotive, electronics, agrochemical, and construction applications; and vanillin for the food, flavors, and fragrances industries, as well as value-added intermediates used in monomers and polymers, pharmaceuticals, agrochemicals, and electronics. This segment also provides various products for upstream oilfield chemicals sector, as well as sodium hypophosphite for metal plating and other applications; and PROBAN, a technological process that offers durable flame retardant properties to cotton-based textiles. The Corporate & Business Services segment provides energy and other business services. The company was founded in 1863 and is headquartered in Brussels, Belgium.

Corporate governance

Solvay SA’s ISS governance QualityScore as of 1 May 2024 is 2. The pillar scores are Audit: 2; Board: 3; Shareholder rights: 1; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.