Braskem America Names New Leaders of External Affairs and Institutional Relations

   Braskem America Names New Leaders of External Affairs and Institutional

PR Newswire

PHILADELPHIA, Jan. 14, 2013

PHILADELPHIA, Jan. 14, 2013 /PRNewswire/ -- Braskem America today announced
that Gustavo Valverde will lead the company's External Affairs activities and
Robert Nadin will head Braskem's Institutional Relations following the
retirement of Senior Vice President Bruce Rubin on January 4, 2013. Both Mr.
Valverde and Mr. Nadin will be adding these responsibilities to their current

Valverde is currently the executive responsible for Braskem International's
Legal and Corporate Governance Departments and has been working closely with
Rubin in preparation for this additional role. Nadin is currently the
executive responsible for Commercial and Procurement and Supply.

Fernando Musa, CEO of Braskem America, said "These changes are part of our
succession planning for Bruce's role. Gustavo Valverde brings a wealth of
relevant experience to the External Affairs role, as he supported similar
efforts for Braskem S.A. Bob Nadin's responsibility for many of our
externally facing functions makes him ideally suited to lead our efforts with
our institutional partners."

Rubin was CEO of Braskem America during the initial phases of the integration
between Brazil-based Braskem and Sunoco Chemicals. Following the integration
period, Rubin transitioned into the position of SVP of External Affairs and
Institutional Relations where he continued to support Braskem's growth

"Bruce played a critical role not only in the successful acquisition of Sunoco
by Braskem, but also in the integration of the business practices and cultures
of the two companies," continued Musa. "He was instrumental in positioning
Braskem America for great success by supporting our efforts to acquire the
Marcus Hook splitter assets and the Dow polypropylene business, making us the
largest polypropylene producer in the United States."

Rubin began his career with Sunoco in 1979 and held increasingly responsible
positions in a variety of roles, including Business Development, Engineering,
Strategic Planning, Operational Planning, Finance, Systems and Trading. He
served as President of Epsilon Products Company, a joint venture between
Sunoco and BAR-L. Prior to the acquisition of Sunoco Chemicals by Braskem,
Rubin was Senior Vice President of Sunoco, Inc. and CEO of Sunoco Chemicals,
Inc. He also served on the Boards of the American Chemistry Council (ACC) and
the Franklin Institute.

Rubin will remain as an advisor and Director for Braskem America. In this
capacity, he will continue to serve on several external institutional boards,
including the American Fuel and Petrochemical Manufacturers (AFPM) and the
Greater Philadelphia Chamber of Commerce. Rubin will also serve as a Director
for Sylvatex, a biofuels technology firm, as well as an advisor for a private
equity firm.

Braskem is the Americas' top thermoplastic resins producer. With 36 industrial
plants spread across Brazil, United States and Germany, the company produces
over 35 billion pounds of thermoplastic resins and other petrochemicals per
year. Braskem is the world's leading biopolymers producer with its 440 million
pound Green PE plant that produces polyethylene from sugarcane-based ethanol.

Braskem America is the leading producer of polypropylene in the United States,
with five production plants located in Texas, Pennsylvania and West Virginia,
and a Technology and Innovation Center in Pittsburgh. Headquartered in
Philadelphia, Braskem America is a wholly owned subsidiary of Braskem S.A. For
more information about Braskem and its products, visit

Maureen Garrity

SOURCE Braskem America

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