NatureWorks LLC’s board of directors has named Richard Altice as the company’s new president and chief executive officer (CEO), replacing Marc Verbruggen, who led the company from 2008 until his retirement in 2017.
Altice joins the Minnesota-based bioplastics manufacturer from PolyOne Corp. where he was senior vice president and president – designed structures and solutions.
At PolyOne, he had global responsibility for the sheet, roll stock, and formed packaging business.
Prior to PolyOne, Altice also served as vice president of Hexion’s global speciality epoxy business focused on coatings and composites.
Altice holds a bachelor of science degree in chemical engineering from Missouri University of Science and Technology.
“He [Altice] brings broad experience and demonstrated success in international business, strategic marketing, and building highly effective teams to serve customers in the polymer and chemical industry,” said Peter Hawthorne, chairman of the board.
NatureWorks is a leading supplier of Ingeo brand polylactic acid (PLA), a biopolyester material derived from renewable resources.
Recently, NatureWorks reached the milestone of two billion pounds of Ingeo biopolymer sold globally.
In 2017, the company launched a performance chemicals business with the new Vercet platform for adhesives and coatings.