Israel Chemicals Ltd. (ICL), Tel Aviv, has named Stefan Borgas, 48, to be its new president and CEO, effective Sept. 20. He has served as CEO of Lonza Group Ltd., a Swiss chemicals company which has production and sales facilities located throughout the world, and which operates in global markets, primarily in the area of raw materials for the pharmaceutical industry and the production of specialty chemicals, many in similar markets as ICL. He also serves as a director of Syngenta, the world’s largest seed and agrochemicals producer. Prior to his role at Lonza, he served for 14 years in a number of senior positions at BASF, one of the world’s largest chemical manufacturers, primarily in the U.S. while also serving in Germany, Ireland and China. He is currently in the process of relocating to Israel.
Borgas succeeds Akiva Mozes, who has held the positions for the past 13 years. He will retire following 37 years of service to ICL, though he will take on a new post as chairman of Oil Refineries Ltd.