Chemtrade Logistics Income Fund, Toronto, said on Aug. 17 that Mark Davis has informed the Board of Directors that he will retire as President and CEO in 2021. Scott Rook, currently COO, will replace Davis upon his retirement.
“Mr. Davis was instrumental in forming Chemtrade in 2001 and has served as its President and CEO since that time,” said Board Chair Lorie Waisberg. “Under Mr. Davis’ leadership, Chemtrade has substantially grown its business portfolio and organizational capabilities and has returned over $1.1 billion of capital to its unitholders.”
Waisberg noted that Rook joined the organization as COO in September 2019 as part of Chemtrade’s succession plan and has gained the full confidence of the board.
“Since joining Chemtrade, Scott has demonstrated genuine leadership and deep knowledge of our businesses,” said Davis. “I will be leaving Chemtrade in good hands.”