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BRIEF: New Sunoco Chemicals owner names CEO

BRIEF: New Sunoco Chemicals owner names CEO

Write: Miller [2011-05-20]
May 18-The new Brazilian owners of Sunoco Chemicals Inc. this week named a chief executive officer for their new North American subsidiary, based in Philadelphia.

Carlos Fadigas, 40, took the helm of Braskem America on Monday, a month after Braskem SA completed the $350 million purchase of Sunoco Chemicals Inc. Braskem will continue to operate the company out of Sunoco's headquarters at 1735 Market St.

Fadigas was chief financial officer of Braskem. He previously served as chief financial officer of Odebrecht Construction, a Brazilian conglomerate that is Braskem's controlling shareholder.

Bruce Rubin, the Sunoco Inc. chemicals vice president who managed the initial phase of the integration process, will remain at Braskem America as senior vice president of external affairs and business development.

Braskem America's manufacturing facilities include plants in Marcus Hook, Delaware County; La Porte, Texas; and Neal, W.Va., and a technology and development center in Pittsburgh.