Chevron Phillips Chemical has named Steve Prusak, currently senior vice-president, corporate planning and technology, as the company’s new president and chief executive officer, effective Mar. 1, 2024. Current president and chief executive officer, Bruce Chinn, will retire after more than 40 years in the energy industry.
Prusak is a 30-plus year veteran of the chemical industry. In his current position, he oversees the company’s strategy function and research and technology department. He also holds responsibility for the projects organization currently constructing two facilities on the US Gulf Coast and in Qatar. Since joining CPChem soon after its inception in 2000, he has held various roles in commercial, business development, finance, and projects.
Additional management changes are also effective Mar. 1, 2024.
Mitch Eichelberger, currently executive vice-president, polymers and specialties, will retire from the company after more than 40 years of service to CPChem and Chevron. Justine Smith, currently senior vice-president, petrochemicals, will become executive vice-president, commercial, assuming additional responsibility for the polymers and specialties businesses. Smith joined CPChem in 2020 and previously held commercial, strategy and operations leadership positions in the US and Asia at BASF Corp.
Bryan Canfield, currently senior vice-president, manufacturing, will take on additional responsibility for the projects organization and will become executive vice-president, manufacturing and projects. Canfield joined CPChem in 2019 and previously held leadership roles in engineering and operations at TotalEnergies.
Kevin Ristroph, currently vice-president, specialties, will become senior vice-president, corporate planning and technology. Ristroph joined CPChem at the inception of the joint venture and has held roles of increasing responsibility in operations, business development and commercial in the US, Asia, and the Middle East.