The ICIS Kavaler Award, sponsored by The Chemists' Club, will recognize one CEO or senior executive for outstanding achievement and excellence each year.
The key distinguishing feature of this award is that the winner is selected by his/her peers - the executives selected in the previous ICIS Top 40 Power Players listing, a global rundown of the people making the greatest impact on the chemical industry.
"We are very pleased and excited to join with The Chemists' Club in organizing this unique award and event," said Joseph Chang, global editor of ICIS Chemical Business. "We know of no other award in the chemical industry given on the basis of a senior executive peer vote."
"The Chemists' Club is pleased to honor Arthur Kavaler, a great journalist and former Club member by recognizing outstanding achievements by industry leaders," said Roland Stefandl, president of The Chemists' Club.
We will invite each of the ICIS Top 40 Power Players for 2012 to vote for three individuals in the ballot, based on newsworthy achievement in one or more of the following categories:
* profitability/shareholder value (EBITDA growth, stock price, dividend);
* mergers and acquisitions (deals or integration);
* projects/capital investment; and
* innovation - technology, product, business process with an impact on industry and society.
We will send out the letters and ballots in early April, and the deadline for the ballot entry will be May 1, 2013.
We plan to present the ICIS Kavaler Award, sponsored by The Chemists' Club, to the winner at a black tie dinner in New York City in late October or early November, on a date to be announced.
The award is a revival of the Kavaler Award, which was presented by Chemical Market Reporter to leading chemical CEOs from 1990 to 1999, including Jon Huntsman Sr, founder, chairman and CEO of Huntsman, and Frank Popoff, chairman and CEO of Dow Chemical.
Arthur Kavaler, who served for 46 years as reporter, editor and eventually publisher and editor-in-chief of Chemical Market Reporter - one of the three publications incorporated into ICIS Chemical Business - passed away at the age of 91 on January 18, 2012.
Kavaler, a probing reporter and an editor with unwavering conviction, had a major impact on chemical industry journalism.