Rhodia owner replaces CFO

31/07/2013
Chemicals group Solvay has appointed Karim Hajjar as chief financial officer, replacing Bernard de Laguiche who has been with the company for 26 years.

Solvay owns Rhodia, which, with Italian yarn producer Fulgar, produces Emana, a polyamide 66 yarn with bioactive mineral crystals in its polymer matrix. It can be used to produce sportswear, underwear or shapewear that, according to the manufacturers, aid blood circulation and cellular metabolism, improves the elasticity and smoothness of the skin, reduces signs of cellulite and prevents muscle fatigue.

Mr de Laguiche will remain on the board. "I am glad to still be part of Solvay and to be able to contribute to the group's development as a non-executive board member while at the same time making a new start in Brazil,” he said.

Mr Hajjar takes over on October 1. Previous roles include director of finance and planning at Imperial Tobacco Group and managing director of Tarmac Group.