Celanese Appoints New CFO, Christopher D. Smith

Ticker: CE · Form: 8-K · Filed: 2024-12-09T00:00:00.000Z

Sentiment: neutral

Topics: executive-appointment, cfo, compensation

Related Tickers: CE

TL;DR

Celanese names new CFO, Chris Smith, replacing Greg Freerksen. New role starts Dec 10th.

AI Summary

Celanese Corporation (CE) announced on December 9, 2024, the appointment of Christopher D. Smith as Executive Vice President and Chief Financial Officer, effective December 10, 2024. Smith will receive an annual base salary of $600,000 and is eligible for various incentive programs. The company also disclosed the departure of its former CFO, Gregory P. Freerksen.

Why It Matters

A change in CFO can signal shifts in financial strategy or management priorities, impacting investor confidence and the company's financial outlook.

Risk Assessment

Risk Level: low — This filing pertains to a routine executive appointment and compensation, which typically carries low risk.

Key Numbers

$600,000 — New CFO Base Salary (Annual compensation for Christopher D. Smith)

Key Players & Entities

Celanese Corporation (company) — Filing company
Christopher D. Smith (person) — Newly appointed Executive Vice President and Chief Financial Officer
Gregory P. Freerksen (person) — Departing Chief Financial Officer
$600,000 (dollar_amount) — Annual base salary for new CFO

FAQ

What is Christopher D. Smith's start date as CFO?

Christopher D. Smith's appointment as Executive Vice President and Chief Financial Officer is effective December 10, 2024.

What is the annual base salary for the new CFO?

The annual base salary for Christopher D. Smith is $600,000.

Who is the departing CFO?

The filing indicates the departure of Gregory P. Freerksen as Chief Financial Officer.

What other compensation is the new CFO eligible for?

Christopher D. Smith is eligible for various incentive programs, as detailed in the filing.

What is Celanese Corporation's primary business?

Celanese Corporation is involved in Plastic Material, Synthetic Resin, and Rubber (excluding glass), according to its SIC code.

From the Filing

0001104659-24-126774.txt : 20241209 0001104659-24-126774.hdr.sgml : 20241209 20241209162447 ACCESSION NUMBER: 0001104659-24-126774 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20241209 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241209 DATE AS OF CHANGE: 20241209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Celanese Corp CENTRAL INDEX KEY: 0001306830 STANDARD INDUSTRIAL CLASSIFICATION: PLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 980420726 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32410 FILM NUMBER: 241535403 BUSINESS ADDRESS: STREET 1: 222 W. LAS COLINAS BLVD., SUITE 900N CITY: IRVING STATE: TX ZIP: 75039-5421 BUSINESS PHONE: 972-443-4000 MAIL ADDRESS: STREET 1: 222 W. LAS COLINAS BLVD., SUITE 900N CITY: IRVING STATE: TX ZIP: 75039-5421 FORMER COMPANY: FORMER CONFORMED NAME: Celanese CORP DATE OF NAME CHANGE: 20041102 FORMER COMPANY: FORMER CONFORMED NAME: Blackstone Crystal Holdings Capital Partners (Cayman) IV Ltd. DATE OF NAME CHANGE: 20041022 8-K 1 tm2430529d1_8k.htm FORM 8-K false 0001306830 0001306830 2024-12-09 2024-12-09 0001306830 us-gaap:CommonStockMember 2024-12-09 2024-12-09 0001306830 CE:SeniorUnsecuredNotesDue2025Member 2024-12-09 2024-12-09 0001306830 CE:SeniorUnsecuredNotesDue2026Member 2024-12-09 2024-12-09 0001306830 CE:SeniorUnsecuredNotesDue2027Member 2024-12-09 2024-12-09 0001306830 CE:SeniorUnsecuredNotesDue2028Member 2024-12-09 2024-12-09 0001306830 CE:SeniorUnsecuredNotesDue2029Member 2024-12-09 2024-12-09 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM  8-K   CURRENT REPORT  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): December 9, 2024  ( December 9, 2024 )   CELANESE CORPORATION  (Exact name of registrant as specified in its charter)   Delaware   001-32410   98-0420726 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   222 West Las Colinas Blvd. Suite 900N , Irving , TX 75039 (Address of Principal Executive Offices) (Zip Code)   Registrant's telephone number, including area code: ( 972 ) 443-4000   N/A (Former name or former address, if changed since last report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):   ¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ¨        Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))    Securities registered pursuant to Section 12(b) of the Act:   Title of Each Class Trading Symbol(s)  Name of Each Exchange on Which Registered Common Stock, par value $0.0001 per share CE The New York Stock Exchange 1.250% Senior Notes due 2025 CE /25 The New York Stock Exchange 4.777% Senior Notes due 2026 CE /26A The New York Stock Exchange 2.125% Senior Notes due 2027 CE /27 The New York Stock Exchange 0.625% Senior Notes due 2028 CE /28 The New York Stock Exchange