NOVA Chemicals appoints Danny Dweik as interim CEO

Company's sustainability strategy implementation to be accelerated

Calgary, AB (September 26, 2022) - NOVA Chemicals Corporation ("NOVA Chemicals") today announced the appointment of Mr. Danny Dweik as interim Chief Executive Officer of the company, effective October 1, 2022. Mr. Dweik, currently a NOVA Chemicals board member, is Head of Industrials at Mubadala Investment Company (Mubadala), the USD $284bn Abu Dhabi-based investor.

Mr. Dweik succeeds Mr. Luis Sierra, who is stepping down as CEO and will serve as a Senior Advisor to the company, assisting with the transition. A Canadian national, Mr. Dweik sits on the boards of a number of North American industrial and business services companies. He was formerly CFO and CEO of Emirates Global Aluminium (EGA), at which he led the company's post-merger integration, revenue growth, and sustainability program, establishing the business as the world's largest premium aluminium producer.

Mr. Dweik also heads Mubadala's Impact Investing program, which focuses on addressing climate change and growing diversity, inclusion, and social empowerment in all of its business partnerships.

Mr. Ahmed Yahia, Chairman of NOVA Chemicals, said, "Danny's leadership and impeccable track record of improving the operational performance and sustainability standards of complex industrial companies will enable NOVA to accelerate the implementation of its decarbonization and circular economy strategy. Danny's commitment to empowering the greatest asset of every company - its people - will allow NOVA to further accelerate its innovation roadmap to best support our customers."

Commenting on his new role, Mr. Dweik said, "I'm deeply honored to be entrusted with the leadership of this great company. I'm excited to work with all of my colleagues as we focus on setting new sustainability benchmarks for our sector."

"The Board of NOVA Chemicals would like to convey our deepest gratitude to Luis. He maintained a steady course for the company in the aftermath of the global pandemic and laid the foundations for the implementation of our transition to a sustainable business model," said Mr. Yahia.

"I am very proud of the progress the company has made during my tenure as CEO, and I leave very confident in NOVA's future as a low carbon champion and a driving force in the transition towards the circular economy," said Mr. Sierra.

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About NOVA Chemicals Corporation
NOVA Chemicals is guided by a singular purpose to shape a world where the plastic products vital to our health and happiness are better tomorrow than they are today. We have a bold ambition to create a plastics circular economy and work collaboratively toward a low carbon, zero plastic waste future. NOVA Chemicals' portfolio of virgin and recycled resins, along with best-in-class technical expertise, is what sets us apart; our customers use our products to create easy-to-recycle and recycled content films, packaging, and products. Our employees work to ensure health, safety, security, and environmental stewardship through our commitment to Sustainability and Responsible Care^®.

NOVA Chemicals, headquartered in Calgary, Alberta, Canada, has 2,400 employees worldwide and is wholly owned by Mubadala Investment Company of the Emirate of Abu Dhabi, United Arab Emirates.

Learn more at www.novachem.com or follow us on LinkedIn.

NOVA ChemicalsMedia Contact
Jennifer Nanz
Director, Corporate Communications
e-mail: [email protected]

NOVA Chemicals Investor Relations
Patty Masry
Leader, Financial Reporting & Investor Relations
e-mail: [email protected]

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The NOVA Chemicals logo is a registered trademark of NOVA Brands Ltd.; authorized use.
Responsible Care is a registered trademark of the Chemistry Industry Association of Canada.

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