CEO Monthly Issue 12 2018

CEO MONTHLY / ISSUE 12 2018 5 , Mr. Quarles will be replacing Simon Up- fill-Brown who has an- nounced his plans to resign from the posi- tion to pursue other opportunities, effective Monday, December 3, 2018. Mr. Quarles will continue to serve as a member of the Board. “We are excited to announce that Pat Quarles has been named our new President and CEO. He is a strategic, decisive and hands-on leader. Pat joined our Board earlier this year as an independent direc- tor after a very successful career leading change and performance enhancements at Celanese and LyondellBasell,” said Nicholas Carter, Chairman of Trecora Re- sources. “We are confident in the knowledge and experience that Pat brings to our team and believe he will help effectuate change that will enhance the company’s suc- cess.” “Further, it has been a privilege to work with Simon. He has dedicat- ed himself to our company since 2012 and in that time, he has helped Trecora accomplish many key initiatives, not only in his ten- ure as CEO but also in his role at AMAK. We wish him the best in his future endeavors,” Mr. Carter concluded. With Mr. Upfill-Brown’s departure from the Company, the number of directors on Trecora’s Board will be fixed at six. Mr. Quarles commented, “I am ex- cited about the opportunity to con- tribute to Trecora’s success. The company has added significant new capabilities over the past few years. I am confident that as we focus on safe, reliable operations and excellent product quality, we will create long term value for our shareholders.” Mr. Quarles joined Trecora’s Board in September of this year, and he brings over 25 years of ex- perience in the petrochemical in- dustry. Most recently, Mr. Quarles served as Executive Vice Presi- dent and President, Acetyl Chain and Global Supply Management at Celanese Corporation, a $6.1 billion global technology, specialty materials company. Prior to that, he spent 25 years with Lyondell- Basell Industries and predecessor companies. Mr. Quarles holds a bachelor’s degree in Mechanical Engineering from Clemson Uni- versity and an MBA from North- western University, Kellogg School of Management. Dominique Llonch takes on this strategic role in a new important phase for Nidec ASI, in which business skills and diversified, specific tech- niques are required to face market challenges and to continue to promote the evolution and develop- ment of the company, consolidating its position as a leading electrical engineering player. It’s a role that Dominique Llonch has been appointed to fill by virtue of his deep knowledge of the sector and the various industries in which Nidec ASI operates, and his international record, which has allowed him to acquire a real understanding of the needs of customers operating in all major global markets. “I’m very honoured to become part of an important company like Nidec ASI, in which this country’s industrial success stories are part of its DNA and which is currently innovating the global industrial and energy market,” Dominique Llonch declared. “I aim to offer Nidec ASI my experience in outlining and implementing successful strate- gies for reference companies in the sector. I am confident that, with the cooperation of a close- knit team composed of excellent professionals, Nidec ASI will be able to continue its path of growth, developing innovative solutions that respond to the needs of various markets and contributing to the competitiveness of the countries in which it operates.” Dominique Llonch has over 25 years of experience in the Aero- space, Oil & Gas, T&D and Power Generation sectors. He began his career as Program Manager for digital controls in Jet Engines, and then became Engineering and Service leader for Oil & Gas appli- cations in DCS Solutions. He then held various positions of responsi- bility in the services, engineering, production and project execution areas, working in different regions of the world, including China, India, Russia, Europe, United States, the Middle East and Africa. Dominique Llonch has also held roles in the Industry and Energy sectors. As Vice-Chairman of the Power Automation & Controls business at a global level in AL- STOM Power, Dominique Llonch was responsible for around 200 C&I projects for the construction of every type of power plant. He Trecora Resources Appoints Patrick D. Quarles as President and Chief Executive Officer The Board of Directors of Trecora Resources (NYSE: TREC), a leading provider of high purity specialty hydrocarbons and waxes, today announced that Patrick “Pat” D. Quarles has been appointed President and Chief Executive Officer. reorganised the business and refo- cused management’s attention on production and service excellence and on technological innovation in order to offer the best customer ex- perience possible and to promote planned profitable strategic growth. Before joining Nidec, he held the position of General Manager Projects Europe & Africa in General Electric, managing the develop- ment of gas-fired plants for a value of over 5 billion euros. Dominique Llonch has a Master’s degree in Aerospace Engineering obtained at the Ecole Nationale Supérieure de l’Aéronautique et de l’Espace (Sup’Aéro) and a Master in Business Administration (MBA) at INSEAD. Nidec Industrial Solutions (NIS), the commercial platform of the Nidec group, offers complete electrical systems and brings together the products and services of Nidec ASI, Avtron Industrial Automation, Nidec Industrial Automation and Motortecnica. It offers customised solutions throughout the world for a wide range of industrial applica- tions. Its reference markets are the petrochemical, traditional and renewable energy, steel, naval and industrial automation markets. The multinational is specialised in heavy duty applications in which high power and high performance are key: electric motors and generators up to 65 MW of power (87,000 HP); power electronics inverters and converters; automation and software for industrial processes; retrofitting of power plants and hydroelectric generators; integrat- ed systems for the production of electrical energy from renewable sources and their stabilisation in connecting to the national grid. Following the acquisition of the Motors, Drives and Electric Power Generation divisions of Emerson Electric Co., Nidec ASI has also made further improvements to its industrial and commercial activities, integrating the medium and low power drives into the overall range offered by Nidec. Thanks to the acquisitions of Control Techniques and Leroy-Somer, part of Nidec Corporation Group since 1 Febru- ary 2017, it is able to offer technol- ogies optimised for the control of motors and to develop automation solutions for specific applications, tailored to the needs of the client to provide a flexible response to each requirement.