Methanex Corporation Appoints Xiaoping Yang to Its Board of Directors

Rhea-AI Summary

Methanex Corporation (NASDAQ: MEOH) announced the appointment of Xiaoping Yang to its Board of Directors, effective January 1, 2022. With over 30 years in the energy and petrochemical sectors, Ms. Yang brings extensive experience in international business, particularly in China and commodity markets. Previously, she served in various executive roles at BP, including Chair of BP China. Methanex's Chair, Doug Arnell, highlighted Yang's insights as valuable for the company's board diversity and strength.

Positive

• Xiaoping Yang's deep knowledge of the Chinese business environment may enhance Methanex's market strategies.
• Her extensive background in commodity markets can provide valuable insights for company operations.

Negative

• Possible continuity concerns due to the addition of a new board member with a different corporate background.

VANCOUVER, British Columbia, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) is pleased to announce the appointment of Xiaoping Yang to its Board of Directors effective January 1, 2022.

Ms. Yang brings a deep knowledge of doing business in China, manufacturing operations, commodity markets, and health and safety. Ms. Yang is a chemical engineer with over 30 years of international energy and petrochemical business experience in the USA and Asia. From 1990 to 2020 she held a variety of international executive roles at BP within the downstream and new energy businesses, including having accountability for its chemicals manufacturing operations and joint venture entities in Asia. Before retiring from BP in 2020, Ms. Yang served as the Chair and President of BP China.

Ms. Yang holds a Bachelor of Science from Jiangnan University China, a PhD in chemical engineering from Purdue University, USA and an MBA from the University of Chicago, USA. Ms. Yang, a US citizen, also serves as a director of IGO Limited, a mid-sized Australian mining company.

“Xiaoping’s understanding of China’s business environment and global commodity markets, along with her fresh perspectives will continue to bolster the strength and the diversity of our board,” said Doug Arnell, Methanex’s Chair of the Board. “We look forward to her contributions to our Company and our stakeholders.”

Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol to major international markets. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the NASDAQ Global Market in the United States under the trading symbol "MEOH”. Methanex can be visited online at www.methanex.com.

Inquiries:
Sarah Herriott
Director, Investor Relations
Methanex Corporation
604-661-2600 or Toll Free: 1-800-661-8851
www.methanex.com

 

FAQ

Who is Xiaoping Yang in relation to Methanex?

Xiaoping Yang has been appointed to Methanex's Board of Directors effective January 1, 2022.

What experience does Xiaoping Yang bring to Methanex?

She has over 30 years of international energy and petrochemical experience, especially in China.

How might Xiaoping Yang's appointment impact Methanex?

Her knowledge of the Chinese business environment and global commodity markets may strengthen the company's board.

When was Xiaoping Yang's appointment announced?

The appointment was announced on December 14, 2021.