Indorama Ventures Announces New Leadership for Combined PET Segment

Bangkok, Thailand, July 1st, 2024 – Indorama Ventures Public Company Limited, a global sustainable chemical company, today announced new leadership for the Combined PET (CPET) segment – a global leader in PET production and recycling, with operations spanning Asia, Europe, and the Americas. Yashovardhan Lohia will be the Executive President of Petchem Special Projects, and Muthukumar Paramasivam and Kumar Sambhaw Ladha have been appointed as the new Presidents and Co-Leaders of the Combined PET segment, effective as of July 1, 2024.

After many years of transformative leadership, outgoing CPET Executive President DK Agarwal will continue to serve Indorama Ventures as Deputy Group CEO and Group CFO, where his vast experience remains a vital asset to the company. Under his stewardship, CPET has seen unprecedented growth, establishing itself as a leader in the petrochemical industry.

This transition marks an enhancement of the company’s strategic directives aimed at fostering growth and innovation. With the next generation of leadership in place, the Combined PET segment is implementing the company’s new strategic vision, IVL 2.0, enhancing operational efficiency, driving global synergies, and agile response to environmental and market dynamics.

“This leadership change is part of our broader initiative to adapt and thrive in a rapidly changing global landscape, ensuring that Indorama Ventures continues to lead with innovation and sustainability in the petrochemical industry. The new leadership’s complementary skills and combined expertise are poised to propel our company forward under the new strategic framework of IVL 2.0,” said Aloke Lohia, Founder and Group CEO of Indorama Ventures. “As we look towards the future, led by our next generation of leadership, we are enthusiastic about the new perspectives and vigor that Yash, Muthu, and Kumar will bring to their roles.”

Source: Indorama Ventures

Scroll to Top