BASF chairman Kurt Bock to receive the 2017 ICIS Kavaler Award

5 June 2017

 

LONDON and NEW YORK, June 5, 2017 - The 2017 ICIS Kavaler Award, sponsored by The Chemists’ Club, and in association with The Valence Group,
will be awarded to Kurt Bock, chairman of the board of executive directors of BASF, for outstanding achievement as voted on and recognized by his peers.

This prestigious and unique global chemical industry award will be presented to Kurt Bock at a black tie dinner ceremony on Tuesday, October 3, 2017, at the Metropolitan Club of New York, in New York City.

The winner of the ICIS Kavaler Award is selected by his/her peers – the senior executives in the ICIS Top 40 Power Players listing – a global ranking of the leaders making the greatest positive impact on their companies and the chemical industry published in ICIS Chemical Business magazine.

“With the ‘We create chemistry’ strategy, BASF set the path to strengthen its leading position as an integrated global chemical company. We want to contribute to a sustainable future and are guided by this purpose,” said Kurt Bock. “This award recognizes our efforts and contribution, and I am proud to accept this award on behalf of all employees at BASF.”

“Kurt Bock has kept a steady hand on the world’s largest chemical company through challenging economic cycles and major structural changes in the global chemical industry, making disciplined investments and portfolio adjustments to position the firm for optimal performance,” said Joseph Chang, global editor of ICIS Chemical Business.

In the award selection process, ICIS and The Chemists’ Club invited each of the ICIS Top 40 Power Players for 2016 to vote for three individuals on the ballot, based on newsworthy achievement in one or more of the following categories:

  • Profitability/shareholder value
  • Mergers and acquisitions (deals or integration)
  • Projects/capital investment
  • Innovation – technology, product, business process with an impact on industry and society

Previous winners of the ICIS Kavaler Award include INEOS chairman Jim Ratcliffe (2016), Dow Chemical CEO Andrew Liveris (2015), former LyondellBasell CEO Jim Gallogly (2014) and former PPG Industries CEO Charles Bunch (2013).

For more information on the ICIS Kavaler Award, please contact Bernard Petersen at ICIS, Bernard.petersen@icis.com

ICIS Chemical Business is part of ICIS.  ICIS is an independent price reporting agency focusing on global energy, petrochemical and fertilizer markets, and we have covered the complex UK electricity market for nearly two decades. Every day, we assess electricity contracts for more than 40 different delivery periods in the UK market alone. The analysis and data that we produce is widely used as a reference price in energy contracts.

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About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 114,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of about €58 billion in 2016. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com.  


About The Chemists’ Club
Founded in 1898, The Chemists' Club is a non-profit educational organization whose membership is open to anyone with an interest in the chemical sciences, including chemists and chemical engineers, people in the life sciences, security analysts, attorneys, educators and consultants as well as students (dues free). The club is working with students to help them make informed career choices as well as to better prepare them for those careers.  For more information about The Chemists' Club, please go to www.thechemistsclub.com

About The Valence Group
The Valence Group is a specialist investment bank offering M&A advisory services exclusively to companies and investors in the chemicals, materials and related sectors. The Valence Group team includes a unique combination of professionals with backgrounds in investment banking and strategic consulting within the chemicals and materials industries, all focused exclusively on providing M&A advisory services to the chemicals and materials sector. The firm’s offices are located in New York and London. www.valencegroup.com

Background

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.

Contacts:

Media inquiries:
ICIS Chemical Business
Joseph Chang, Global Editor
joseph.chang@icis.com, (+1) 212-791-4224