Solvay’s extraordinary shareholders’ meeting supported the separation with 99.53% of positive votes, giving official birth to Syensqo
As the Extraordinary General Shareholders’ Meeting of Solvay SA/NV closed today with massive support (+99.53%) of shareholders, Syensqo SA/NV will be officially demerged from Solvay effective at midnight.
“This is a historical moment”, said Dr. Ilham Kadri, incoming CEO of Syensqo. “This turning point highlights the recognition and success of the in-depth transformation of Solvay in the past 5 years. I want to thank all our shareholders, board members and teams for their trust, and for making this ambitious project come true. I also wish the new Solvay a very bright future.
I am now pleased to start a new chapter as CEO of the new specialty company Syensqo to deliver growth through exploring the technologies of tomorrow, with a strong management team and board.
Our new pure play company, one of the largest in the world, will benefit from the rich heritage of Solvay. In particular, in carrying on the spirit of innovation of its founder Ernest Solvay, as a true science company at the service of disruptive technologies in lightweighting, electrification, digitalization, resources efficiency and biomaterials.
Syensqo’s mission is to strengthen our innovation power to support our customers’ needs and environmental ambitions while delivering growth, and to become carbon neutral by 2040”.
