Celanese Corporation announced that Scott Richardson, currently the company’s Chief Operating Officer, has been appointed Chief Executive Officer, effective 1st January 2025. Richardson will also join the company’s Board of Directors.

Richardson will succeed Lori Ryerkerk, who is stepping down as Chairman, CEO, and director of Celanese at the end of the year. Celanese has elected Edward Galante, an independent director on the company’s Board since 2013, as Chairman of the Board, effective upon Ryerkerk’s departure.

“It is an incredible honour to be named CEO-elect of Celanese, and I am grateful to our Board of Directors for entrusting me with this responsibility,” said Richardson. “Celanese is known for tenacious execution, even during difficult times, and I am confident we have all the critical components to create value for our shareholders, customers, employees and partners. I am fully committed to driving the changes needed in light of today’s challenges, including our relentless efforts to improve our cost structure and drive cash generation. By executing our action plan and controlling what we can control, we are working to position Celanese to capitalise on its significant upside potential, resilient free cash flow and long-term value creation.”

“Coming out of retirement to lead Celanese since 2019 as CEO has been the true highlight of my career, and I’m proud of what we’ve achieved together,” said Ryerkerk. “Scott is a proven executive who brings deep expertise across the company’s business and new perspectives to the CEO role. I look forward to seeing what he accomplishes as he works with the team to build an even stronger Celanese.”

“The Board’s appointment of Scott represents the culmination of a deliberate and thoughtful succession planning process, and we are pleased to have an executive of Scott’s calibre,” said Kim Rucker, Lead Independent Director of Celanese’s Board of Directors. “The Board is looking forward to the long-term success of Celanese under Scott’s direction.”

Rucker continued, “On behalf of the Board, I also want to thank Lori for her leadership and significant contributions over the last five years. With Lori at the helm, Celanese has navigated challenging macro environments while strengthening its competitive position. We wish her all the best in her next chapter.”

Over his two decades of service at Celanese, Richardson has held key management roles, including Chief Operating Officer, Chief Financial Officer, and leadership positions overseeing the company’s leading global Engineered Materials (EM) and Acetyl Chain (AC) businesses. Richardson was instrumental in creating and implementing the EM and AC operating models, which work together strategically to create value.

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In a strategic expansion of its global footprint, Bekaert has agreed to acquire Bridgestone’s tyre reinforcement operations in China and Thailand, encompassing the tyre cord production facilities in China (Bridgestone (Shenyang) Steel Cord Co., Ltd) and Thailand (Bridgestone Metalpha (Thailand) Co. Ltd.). This move significantly strengthens the market leadership of Bekaert’s Rubber Reinforcement division, its largest business unit, which has led the global tyre cord sector for decades. The acquisition, set for completion in the first half of 2026 pending regulatory approvals, is a continuation of the division's proven strategy in integrating the captive production of major global accounts.

This transaction reinforces the enduring strategic partnership between Bekaert and Bridgestone, a leading tyre manufacturer. As part of Bridgestone's mid-to-long term plan to boost competitiveness through collaboration, the deal includes a long-term supply agreement ensuring continued provision of high-quality tyre reinforcement. For Bekaert, the integration of these two established production facilities enhances its manufacturing presence and solidifies its position in the tyre cord market.

Financially, the acquisition is projected to contribute approximately EUR 80 million in annual consolidated sales for Bekaert. The purchase involves a cash consideration of EUR 60 million, which will be drawn from the company's existing cash reserves. By securing these key assets and a lasting supply partnership, Bekaert not only expands its operational scale but also deepens its trusted supplier relationship with a pivotal global account.

Yves Kerstens, CEO, Bekaert, said, “Bekaert and Bridgestone share a longstanding strategic partnership built on mutual trust and collaboration. When the transaction closes, we are delighted to welcome the plant teams to Bekaert and remain committed to joint growth and innovation with Bridgestone. The acquisition is also a clear signal of strengthening our global leadership position in the tyre reinforcement industry.”

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The Yokohama Rubber Co., Ltd. has successfully secured a Certificate of Rubber Fender Test Environment from Japan’s Specialists Center of Port and Airport Engineering (SCOPE), awarded on 23 January 2026. This certification follows a thorough assessment under SCOPE’s Rubber Fender Testing Environment Certification Program, which validates that the company’s testing facilities for marine rubber fenders operate with integrity and reliability. Specifically, the certification confirms that Yokohama Rubber employs a robust system designed to prevent data fraud, ensuring the trustworthiness of all test results for fenders it manufactures and sells.

These fenders serve as critical safety components, acting as cushioning buffers to protect vessel hulls from impact during harbour mooring and ship-to-ship transfers at sea. To promote safer and more secure maritime operations, SCOPE launched its certification initiative in April 2023, focusing on verifying the reliability of fender testing environments. The programme is aligned with technical guidelines from the World Association for Waterborne Transport Infrastructure (PIANC) and evaluates compliance across multiple SCOPE-defined criteria. These include adherence to static compression testing standards, the elimination of opportunities for data falsification, the integrity of statistical values in test data and the establishment of corporate systems that prevent tampering.

Yokohama Rubber’s expertise in this field dates to 1958, when it pioneered the world’s first pneumatic fender for offshore vessel berthing. Recently, the company has broadened its portfolio beyond high-performance pneumatic fenders to include solid fenders, which represent a principal segment of the fender market. This strategic expansion establishes Yokohama Rubber as a comprehensive fender manufacturer and reinforces its revenue foundation.

The achievement aligns with the company’s ongoing medium-term management plan, Yokohama Transformation 2026 (YX2026), which spans fiscal years 2024 to 2026. A key element of this strategy involves driving growth in the MB Segment by focusing resources on core domains such as hose and couplings along with industrial products. Within this framework, Yokohama Rubber aims to strengthen its product lineup and sustain strong market shares for marine products, including fenders, to secure steady profit growth in the industrial products business.

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In a strategic move to strengthen its connection with vital regional audiences, Bridgestone India has partnered with multifaceted Punjabi star Parmish Verma. This collaboration is designed to resonate deeply in North India, a crucial and rapidly expanding market fuelled by increasing vehicle ownership and a youthful demographic. Verma, a prominent cultural figure and known automobile enthusiast, aligns naturally with the brand’s emphasis on safety, reliability and performance. His authentic passion for vehicles and responsible driving complements Bridgestone’s identity as a leading mobility solutions provider.

Central to this alliance is the co-creation of engaging, music-led narratives and digital content for Bridgestone’s campaigns, leveraging Verma’s artistic talents and significant social influence. This approach recognises the powerful role of popular culture in shaping brand preferences within the region. The partnership also advances the company’s broader regional engagement goals, aiming to build deeper trust with consumers nationwide. Furthermore, it embodies the ‘Emotion’ principle of Bridgestone’s corporate commitment, which seeks to inspire excitement and deliver joy through mobility. By uniting with a figure of Verma’s reach and genuine interest, Bridgestone India fosters a more dynamic and culturally relevant dialogue with its audience.

Rajiv Sharma, Executive Director – Sales & Marketing, Bridgestone India, said, “North India is a strategically important market for us. Parmish Verma’s credibility and deep connection with audiences make him an ideal partner to represent Bridgestone. This collaboration enables us to engage meaningfully with young consumers who seek fresh, inspiring and relatable brand experiences.”

Verma said, “Bridgestone is a brand people trust for safety and performance. I’m proud to be associated with an organisation that values quality and puts customers first. I look forward to connecting with audiences in a new and meaningful way through this partnership.”

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Bridgestone Americas has appointed Michele Herlein as its new Chief People Officer. In this role, she will oversee all human resources operations across the Americas, Europe, Middle East and Africa. Her primary focus will be advancing the company's Culture 2.0 initiative, which aims to enhance teammate empowerment, collaboration and accountability.

Herlein rejoins Bridgestone with over two decades of executive leadership expertise. Her background includes previous positions within Bridgestone Americas and Bandag, Inc., centred on culture, leadership development and succession planning. Most recently, she was the Founder and CEO of CultureMax and previously served as the Chief Administrative and Human Resource Officer at Barge Design Solutions. She is also a published authority on creating high-performance organisational cultures. Beyond her corporate work, Herlein is a co-founder of Impact100 Nashville, a philanthropic women’s collective that has awarded more than USD 1.2 million in grants to area nonprofits.

Scott Damon, Bridgestone West CEO and Group President of Bridgestone Americas, said, “I am excited to welcome her back to Bridgestone, recognising the perspective and presence she will add to our West leadership team, the HR function and the broader organisation.”

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