Avgol Names Replacement As CEO Moves To Expanded Role With Parent Company Indorama Ventures

BANGKOK — June 8, 2021 — Avgol, a subsidiary of global petrochemical producer Indorama Ventures Public Co. Ltd. (IVL), appointed Tommi Bjornman as its new CEO, replacing Shachar Rachim who will focus on his broader role as CEO of IVL’s Hygiene vertical in its Fibers segment.

Bjornman’s new position with Avgol took effect June, 1, 2021. The Hygiene business is one of 16 integrated verticals under Indorama Ventures, and comprises brands including Avgol, Auriga, FiberVisions, ES FiberVisions, Trevira and Wellman. The Hygiene vertical provides fibers and filaments used in hygiene, medical, personal protective equipment (PPE) and industrial disposable applications as well as durable textile applications used for automotive interiors, furnishings, wall and window coverings and related goods. Bjornman continues to report to Rachim who retains his role as an Avgol Board member.

Shachar Rachim, CEO – Hygiene Vertical at Indorama Ventures, said: “Avgol has been successfully building a portfolio of sustainable and high-performance products that focus on taking customer applications into the next generation. In my new role, I am thrilled to continue working closely with the leadership team at Agvol on exciting innovations, while taking on broader responsibility for the other fiber companies within the vertical.”

Tommi Bjornman, CEO at Avgol, said: “This is an exciting time for everyone here at Avgol as we continue to develop and launch new nonwoven fabric solutions. While closely supporting our customers through these ongoing challenging times, we are setting ourselves up for the future. I am thrilled that we will continue to build on the foundation Shachar has set. At the same time, we will show the industry Avgol’s resolve on being a viable partner for change.”

Posted June 8, 2021

Source: Indorama Ventures