- Methanex (MX) has appointed Rich Sumner as President & Chief Executive Officer and member of the Board of Directors, effective January 1, 2023
- Sumner currently holds the position of Methanex’s Senior Vice President, Global Marketing & Logistics
- Sumner will replace John Floren who will retire as President and CEO and from the Board as of December 31, 2022
- Methanex is the world’s largest producer and supplier of methanol to major international markets
- Methanex Corp. (MX) is down 2.65 per cent, trading at C$44.11 per share at 12:37 pm ET
Methanex (MX) has appointed Rich Sumner as President & Chief Executive Officer and member of the Board of Directors, effective January 1, 2023.
Sumner currently holds the position of Methanex’s Senior Vice President, Global Marketing & Logistics. He has been with the company since 2004. Sumner will replace John Floren who will retire as President and CEO and from the Board as of December 31, 2022.
Doug Arnell, Chair of the Board of Methanex, commented on the appointment.
“Following a comprehensive multi-year succession process, the Board is extremely pleased to appoint Rich Sumner as President & CEO of Methanex. Rich is a proven leader who brings a thoughtful forward-looking perspective with the strategic vision needed to lead Methanex into the future.”
John Floren, the current President and CEO of Methanex, also provided his comments.
“It has been an honour and privilege to serve as Methanex’s President & CEO for the past 10 years, working with so many talented team members across the globe. Methanex continues to be the global methanol industry leader with a strong production footprint and unmatched global supply chain. Rich has an extensive understanding of Methanex’s business and our industry. I look forward to supporting Rich as he leads Methanex into its next chapter.”
In his current role, Sumner oversees Methanex’s Marketing & Logistics functions. It includes the jointly owned shipping subsidiary, Waterfront Shipping, as well as Global Market Development. He also has executive oversight for Methanex’s North American manufacturing operations.
Sumner is focused on strategies that enhance Methanex’s global leadership position as the world’s largest producer and supplier of methanol. Before his current role, Sumner held various senior leadership roles in marketing and logistics, working in both North America and Asia, as well as leading the Supply Chain function. He holds a Bachelor of Business Administration from Simon Fraser University and is a Chartered Professional Accountant.
Methanex is the world’s largest producer and supplier of methanol to major international markets.
Methanex Corp. (MX) is down 2.65 per cent, trading at C$44.11 per share at 12:37 pm ET.
