MOVES: NOVA CFO MacDonald to retire in December

14 August 2009 14:11  [Source: ICIS news]

TORONTO (ICIS news)--NOVA Chemicals' chief financial officer (CFO), Larry MacDonald, will retire effective 31 December, the Canadian petrochemicals major said on Friday.

NOVA did not say who would succeed MacDonald, who was with NOVA and its predecessor companies for more than 30 years.

NOVA is a wholly owned subsidiary of Abu Dhabi’s International Petroleum Investment Company (IPIC).

IPIC acquired NOVA this year for $2.3bn (€1.6bn).

NOVA is headquartered in the US, but was founded in Canada, and the bulk of its manufacturing is in Canada.

($1 = €0.70)

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