In January 2017, Evonik closed the largest acquisition in its history by purchasing the former Performance Materials Division of Air Products. While global in scope, the deal held unique opportunities and challenges as the Germany-based specialty chemicals company absorbed the U.S.-based entity. In the U.S. alone, Evonik added 1,000 new employees and six new locations through the transaction. Key North American executives from each side of the deal will discuss their views from the time the deal was first announced in 2016 through today’s situation, including such mission-critical issues as:
- What was necessary to prepare for a successful integration, from IT processes to employee engagement?
- How did the teams manage through difficulties?
- What does today’s organization look like, and how has Evonik changed as a result of the deal?
| John G. Rolando
|| Stefanie B. Wexler
Integration and Projects,
John G. Rolando
John Rolando is President, Evonik Corp, and is responsible for the company’s activities in the US, Canada and Mexico, which has 5,000 employees and 40 locations. He is based in Parsippany, N.J.
Since joining Evonik-predecessor Degussa in 1987, John has served in a succession of leadership roles based in the US and Germany, including fumed silica, feed additives, and performance polymers business units.
Rolando holds a MBA from Iona College, and a BS in Interdisciplinary Engineering and Management from Clarkson University. He serves on the board of directors for the American Chemistry Council and German-American Chamber of Commerce in NY.
Stefanie B. Wexler
Stefanie B. Wexler is Vice President, Integration and Projects, at Evonik Corp, based in Parsippany, NJ, where she is responsible for the integration of the acquired Performance Materials Division (PMD) of Air Products into Evonik. Prior to the PMD acquisition by Evonik, Stefanie had been VP and General Manager for the Specialty Additives business.
Wexler started her career in 1984 when she joined Air Products. She then began a series of positions in engineering, supply chain, procurement, and management, including in such areas as corporate development, tonnage gases, e-business, materials technologies, and finally specialty additives.
Wexler holds a BS in chemical engineering from Pennsylvania State University. She also completed the Executive Development Program at Northwestern University.