Celanese Corp. Announces CFO Change and Director Departure
Ticker: CE · Form: 8-K · Filed: 2025-01-16T00:00:00.000Z
Sentiment: neutral
Topics: executive-change, cfo-appointment, director-departure
Related Tickers: CE
TL;DR
Celanese CFO Chris Smith takes over, McGarry out as director. Big changes at the top.
AI Summary
Celanese Corp. announced on January 14, 2025, the departure of Director Michael J. McGarry and the appointment of Christopher D. Smith as Senior Vice President and Chief Financial Officer, effective January 16, 2025. The company also disclosed information regarding its compensatory arrangements for certain officers.
Why It Matters
Changes in key executive positions like CFO can signal shifts in financial strategy or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive leadership, especially the CFO, can introduce uncertainty regarding future financial strategies and operational stability.
Key Players & Entities
- Celanese Corp. (company) — Filer of the 8-K
- Michael J. McGarry (person) — Departing Director
- Christopher D. Smith (person) — Appointed Senior Vice President and Chief Financial Officer
- January 16, 2025 (date) — Effective date of CFO appointment
- January 14, 2025 (date) — Date of the reported events
FAQ
Who has been appointed as the new Senior Vice President and Chief Financial Officer of Celanese Corp.?
Christopher D. Smith has been appointed as the new Senior Vice President and Chief Financial Officer, effective January 16, 2025.
Who has departed from the Board of Directors at Celanese Corp.?
Michael J. McGarry has departed from the Board of Directors.
What is the effective date for the new CFO's appointment?
The appointment of Christopher D. Smith as CFO is effective January 16, 2025.
What other information is disclosed in this 8-K filing?
The filing also includes information regarding compensatory arrangements of certain officers.
What is the standard industrial classification for Celanese Corp.?
The standard industrial classification for Celanese Corp. is PLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820].
From the Filing
0001104659-25-004122.txt : 20250116 0001104659-25-004122.hdr.sgml : 20250116 20250116161933 ACCESSION NUMBER: 0001104659-25-004122 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250114 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: 20250116 DATE AS OF CHANGE: 20250116 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: 25535903 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 tm253594d1_8k.htm FORM 8-K false 0001306830 0001306830 2025-01-14 2025-01-14 0001306830 us-gaap:CommonStockMember 2025-01-14 2025-01-14 0001306830 CE:SeniorUnsecuredNotesDue2025Member 2025-01-14 2025-01-14 0001306830 CE:SeniorUnsecuredNotesDue2026Member 2025-01-14 2025-01-14 0001306830 CE:SeniorUnsecuredNotesDue2027Member 2025-01-14 2025-01-14 0001306830 CE:SeniorUnsecuredNotesDue2028Member 2025-01-14 2025-01-14 0001306830 CE:SeniorUnsecuredNotesDue2029Member 2025-01-14 2025-01-14 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): January 16, 2025  ( January 14, 2025 )   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 5