Coatings World - October 2017

Chief commercial officer Dr. Markus Steilemannsteppeddown as head of the Polyurethanes segment, a position he’s held since

2016, Covestro announced.

Steilemann, who started his career at Bayer in 1999, is in line to succeed Patrick Thomas as Covestro’s CEO, according to Dr. Frank Rothbarth, external communications.

In 2004, Steilemann moved to Bayer’s MaterialScience subgroup, which now operates independently under the name Covestro.

Previously, Steilemann held various management positions in the Polycarbonates segment in Asia, including a stint as head of Global Industrial Marketing.

He was the head of the entire Polycarbonates segment from 2013 to 2015 before being appointed to Covestro’s Board of Management.

Daniel Meyer, the head of the Coatings, Adhesives, Specialties segment since 2011, will be promoted in Steilemann’s place. Michael Friede will take over for Meyer.

David P. Reif, III Appointed
President of RPM’s
Industrial Segment

RPM International Inc. announced that David P. Reif, III, formerly group president of the RPM Performance Coatings Group, has been appointed president – RPM Industrial Segment.

In this role, Reif
will provide strategic direction to
RPM’s Industrial Segment businesses
and will report to RPM’s President
and Chief Operating Officer Ronald
A. Rice.

Reif began his career at KPMG Peat Marwick in 1975 and joined Stonhard, Inc. in 1986 as executive vice president and chief financial officer and a minority owner. RPM acquired Stonhard in 1993. Since that time, Reif has served as chief financial officer of RPM, president of its StonCor Group of operating companies, and in June of 2000 was appointed president and CEO of the RPM Performance Coatings Group.

Related to this appointment, RPM had previously announced that Mark A. Greaves was promoted to president of The Euclid Group. In this capacity, Greaves leads a group of specialty construction chemical businesses with globally recognized brands including Euco, Flowcrete, Vandex and Viapol.

Additionally, RPM announced the promotion of David C. Dennsteadt to group president of the RPM Performance Coatings Group, a collection of companies that are global leaders in industrial high-performance coatings and waterproofing products including Carboline, Stonhard, USL and Fibergrate.

Both Dennsteadt and Greaves will report to Reif in his capacity as president - RPM Industrial Segment.

Heminger Joins PPG Board
of Directors

PPG announced that Gary R. Heminger, chairman and CEO of Marathon Petroleum Corporation, has been elected to join its board of directors, effective immediately. He will serve on the PPG board’s audit committee and its nominating and governance committee.

Heminger has been chairman of
Marathon Petroleum Corporation since
April 2016 and its chief executive officer
Corporation is one
of the largest inde-
pendent petroleum
product refining,
marketing, retail
and pipeline trans-
portation compa-
nies in the United
States and its
Speedway subsid-
iary owns and operates one of the na-
tion’s largest convenience store chains.

Heminger has spent over 40 years in a variety of leadership, financial and marketing positions with Marathon. He served as president of Marathon Petroleum Corporation from July 2011 to July 2017 and in January 2011, was appointed to the board of directors of Marathon Petroleum Corporation. From September 2001 to July 2011, Heminger served as both executive vice president – downstream, Marathon Oil Corporation and as president of Marathon Petroleum Company LLC. Previously, he served in a variety of executive level operational, marketing and business development roles.

Since June 2012, Heminger has also served as chairman of the board and chief executive officer of MPLX GP LLC, a wholly owned indirect subsidiary of Marathon Petroleum Corporation and the general partner of MPLX LP, a consolidated master limited partnership formed to own and operate midstream energy infrastructure assets.

Heminger has served on the board of directors of Fifth Third Bancorp since 2006 and serves on the boards of directors and executive committees of the American Petroleum Institute (since 2011) and of the American Fuel & Petrochemical Manufacturers. He is an emeritus trustee of the board of trustees at Tiffin University, serving as a trustee beginning in 1991 and as chairman from 1996 to 2014. CW