Allnex Welcomes Mantas as CEO
A leading supplier of resins for architectural, industrial, OEM and special purpose coatings has named a new chief executive officer.
Brussels-based specialty chemicals company Allnex announced the appointment of Miguel Mantas to the position of CEO effective Feb. 1.
Mantas succeeds Frank Aranzana in the leadership role. Aranzana will become a member of the Allnex Advisory Committee and an operating partner with Advent International, also effective Feb. 1.
“Miguel is no stranger to Allnex nor the industrial coatings resins space. Over his many decades in the industry, he has been a supplier to many of the coatings and resin companies which we count as our most valued customers,” Rich Alexander, chairman of Allnex, said in the company’s statement.
“He brings with him not only deep experience in our core business but also a wealth of experience as a global executive with a proven track record of delivering results for all stakeholders,” he added.
Mantas brings more than three decades of global executive experience in the chemicals and materials industry to the company.
A native of Portugal, Mantas launched his career with Hoechst AG in 1986, where he took on increasing levels of managerial responsibility for various business units and global regions, including Latin America, Asia as well as at the Hoechst corporate center in Germany.
In 1998, after the demerger of Hoechst’s industrial activities, Mantas went on to serve as vice president of sales for Celanese in EMEA before taking on management the company’s global engineering polymers and chemicals business units.
In 2007, Celanese divested its oxo chemicals business to Advent International and Mantas became managing director of the newly formed entity OXEA. Under his leadership, OXEA experienced a period of rapid growth and transformation by focusing on specialized oxo derivative segments.
After the 2013 sale of OXEA to Oman Oil, a wholly owned company of the Government of the Sultanate of Oman, Mantas retained his executive role with the company.
A global company with $1.5 billion in sales, Allnex is recognized as a specialty chemicals pioneer and for offering the broadest portfolio of high-quality products, according to its website. Its range of products includes innovative liquid resins and additives, radiation-cured and powder coating resins and additives and cross linkers for use on wood, metal, plastic and other surfaces. With 16 manufacturing and 12 research and technology support facilities throughout the world, the company says it is able to provide responsive, local support to customers, helping them to rapidly bring advanced coating solutions to the market.