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Naushad Jamani to Retire as NOVA Chemicals Senior Vice President, Olefins and Feedstock and Rocky Vermani Named as Successor

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Calgary, Alberta, Canada, Oct. 01, 2019 (GLOBE NEWSWIRE) -- NOVA Chemicals Corporation, 1000 Seventh Avenue S.W., Calgary, Alberta, Canada T2P 5L5
www.novachemicals.com | 403.750.3600 tel | 403.269.7410 fax

Calgary, Alberta (October 1, 2019) – NOVA Chemicals Corporation (“NOVA Chemicals”) today announced that Naushad Jamani, senior vice president, olefins and feedstock will retire effective October 31, 2019 after a distinguished 40-year career at NOVA Chemicals and predecessor companies. Rocky Vermani, previously vice president, olefins feedstocks has been appointed to the role of senior vice president, olefins and feedstock and a member of the NOVA Chemicals Management Board, effective October 1, 2019.

During his tenure, Jamani was instrumental in diversifying the company’s feedstock portfolio by taking advantage of conventional and new sources of ethane, including gaining additional access to the U.S. Gulf Coast, and securing NOVA Chemicals as the first mover for Marcellus Shale ethane. In 2006, he was promoted to vice president olefins, commercial, overseeing the sales, marketing, logistics and customer service for olefins products within NOVA Chemicals. In 2016, he was appointed to the NOVA Chemicals Management Board as senior vice president, olefins and feedstock where he has been responsible for leading the olefins business.

A tireless advocate for NOVA Chemicals’ industry, Jamani served as the chairman of the Resource Diversification Council and held a seat on the Board of Directors for the Chemistry Industry Association of Canada, working to shape public policy that supports innovation, investment, jobs and the environment within Canada.

“I am proud of NOVA Chemicals and all that we have accomplished to help shape a world where products tomorrow are better than today,” stated Jamani. “I feel confident that I am leaving the company in extremely capable hands, and I am certain this will be a seamless transition for our suppliers, customers and employees,” added Jamani.

“I would like to personally thank Naushad for his many significant contributions over the years. Naushad is an exceptional, results driven and passionate leader,” stated Todd Karran, president and CEO, NOVA Chemicals. “Rocky is a natural successor to Naushad. His vast industry knowledge, strong relationships and keen insights make him the ideal candidate to lead our olefins business through this next phase of our growth journey, and I am pleased to welcome Rocky to our leadership team,” continued Karran.

Vermani started his career with NOVA Chemicals in 1994, in Sarnia, Ontario after working for DuPont Canada. He has worked in multiple geographies and functions including technology, manufacturing, licensing and polymer sales and marketing, spending time at NOVA Chemicals’ offices in Fribourg, Switzerland and Pittsburgh, Pennsylvania before moving to Calgary in 2011 to lead NOVA Chemicals’ ethylene business. From 2014-2016, Vermani led NOVA Chemicals’ olefins products business as vice president of olefins products. From 2016 to his promotion to senior vice president, olefins and feedstock, he served as vice president, olefins feedstocks – overseeing the commercial aspects of securing reliable feedstock supply for each of our olefins production assets.

“I am truly excited and honored to take on this leadership role during such a pivotal time for our company and industry.  NOVA Chemicals has been on an exciting growth journey and is at the forefront of innovation that enables our customers to deliver plastic products that make everyday life healthier, easier and safer. I am looking forward to working with everyone in the organization to continue to build on our commitment to a better tomorrow,” stated Vermani.

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About NOVA Chemicals Corporation
NOVA Chemicals develops and manufactures chemicals and plastic resins that make everyday life healthier, easier and safer. Our employees work to ensure health, safety, security and environmental stewardship through our commitment to sustainability and Responsible Care®. NOVA Chemicals, headquartered in Calgary, Alberta, Canada, is wholly-owned ultimately by Mubadala Investment Company of the Emirate of Abu Dhabi, United Arab Emirates.

Visit NOVA Chemicals on the Internet at www.novachemicals.com.

# # #

Media inquiries, please contact:
Jennifer Nanz
Director, Communications
E-mail: jennifer.nanz@novachem.com

Investor Inquiries, please contact:
Patty Masry
Leader, External Financial Reporting
E-mail: patty.masry@novachem.com

NOVA Chemicals’ logo is a registered trademark of NOVA Brands Ltd.; authorized use.
Responsible Care® is a registered trademark of the Chemistry Industry Association of Canada.

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