BNET Industries

Methanex Corp.

MEOH is in the Manufacturing Industry

Market Cap:$1.6B
Last Fiscal Year Sales:$2.3B
  • Public
  • CA
Dow Jones Description

Methanex is the world's largest producer and marketer of methanol. That means every day - the world over - Methanex plays a vital role in people's lives. Methanol is an important ingredient in many of the essential industrial and consumer products that make the world a better place in which to live, work and play. Methanol can be found in everything from windshield washer fluid to recyclable plastic bottles, plywood floors to paint, silicone sealants to synthetic fibres. As a global enterprise, Methanex has manufacturing, marketing and supply chain capabilities in North America, Latin America, Europe, the Caribbean and throughout the Asia Pacific region.

President and Chief Executive Officer
Bruce Aitken
Number of Employees 829
Contact Information

1800 Waterfront Centre 200 Burrard Street

Vancouver, British Columbia V6C 3M1

www.methanex.co...

(604) 661-2600

NAICS Code Gum and Wood Chemical Manufacturing: 325191

Recent Events

  • UBS Upgrades Methanex Corporation MEOH to Buy

    10/29/09 - Bond / Stock Rating - View Story

  • Stock markets head for lower open

    10/28/09 - Financial Announcement - View Story

  • Methanex gets $200M credit facility due 2012

    8/28/09 - New Investment - View Story

  • Methanex reports Q2 loss of $5.7 million as revenue cut in less than half

    7/29/09 - Financial Announcement - View Story

  • Raymond James Upgrades Methanex MEOH to Strong Buy

    7/24/09 - Bond / Stock Rating - View Story

  • SmarTrendR News Watch: Analyst Downgrades for June 22nd

    6/22/09 - Bond / Stock Rating - View Story

News & Analysis

methanex corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Bruce Aitken President and Chief Executive Officer
Ian P. Cameron CFO & Senior Vice President, Finance
J. Bruce Newsome CFO & Senior Vice President, Finance
HARVEY WEAKE Senior Vice President, Asia Pacific
JOHN FLOREN Senior Vice President, Global Marketing & Logistics
John K. Gordon Senior Vice President, Corporate Resources
JORGE YANEZ Senior Vice President, Caribbean and Global Manufacturing
Michael G. MacDonald Senior Vice President, Corporate Development
PAUL SCHIODTZ Senior Vice President, Latin America
Randy M. Milner Senior Vice President, General Counsel and Corporate Secretary
Rodolfo L. Krause Reg Senior Vice President, Global Manufacturing
Bryan Saunders Business Development Director
Diana Barkley Director, Public Affairs
Jason Chesko Director, Investor Relations
Joe Caudell Methanex's Director, North American Marketing & Lo
Julie Doherty Director, Government and Public Affairs
Lorna Young Director, Responsible Care
Amparo Cornejo Manager, Public Affairs & Csr
David Chen Senior Market Manager
Deborah Samaru Manager, Public Affairs
Eric De Coster Senior Market Manager
Gerry Kennedy Manager, Public Affairs
Ho Song Senior Marketing Manager
Jun Yoshimatsu Senior Marketing Manager
Lynn Huang Senior Market Manager, Greater China
Sean Lee Senior Market Manager
Zaneta Ewashko Manager, Public Affairs
Dora Judkins
Freddye Weigel
Mr Brian Gregson
Andrew Browning Director
Janice Gaye Rennie Director
Monica Sloan Director
Mr Terry Poole Director
Robert Kostelnik Director
Thomas M. Hamilton Director
Phillip Cook member

Board of Directors

Name (plus bio) Position
Douglas W. Mahaffy Chairman of the Board of Mclean Budden
Mr Pierre Choquette Chairman
A. Terence Poole Board of Directors
Aitken Bruce Board of Directors
Anne L. Wexler Board of Directors
Balloch Howard Board of Directors
David Morton Board of Directors
Findlay Robert Board of Directors
Graham D. Sweeney Board of Directors
Gregson Brian Board of Directors
Howard R. Balloch Board of Directors
John M. Reid Board of Directors
Poole A. Terence Board of Directors
R.J. Lawrence Board of Directors
Reid John Board of Directors
Robert B. Findlay Board of Directors
Sloan Monica Board of Directors
Sweeney Graham Board of Directors
Terence Poole Board of Directors

Mr. Bruce Aitken of Vancouver, Canada was appointed President and Chief Executive Officer of Methanex in May 2004. During his long career with Methanex he has held numerous other positions including President and Chief Operating Officer and Senior Vice President, Asia Pacific (based in New Zealand). He has a Bachelor of Commerce degree from Auckland University and is a member of the New Zealand Institute of Chartered Accountants, ACA (Associate Chartered Accountant).

Organization Position Status
Methanex Corporation President and Chief Executive Officer Current
Methanex Corporation Director Current
Chartered Accountants, Inc. Board of Directors Current
Chartered Accountants, Inc. Member Current
Methanex Corporation Senior Vice President Former
Auckland University Bachelor of Commerce Degree Former

As Senior Vice President, Finance and CFO, Ian Cameron is focused on developing and implementing financial practices and strategies that not only manage Methanex's financial risks, but provide the financial capacity and flexibility necessary to support the Company's business and strategic goals. Mr. Cameron, with Methanex since its early beginnings in 1993, has played a key role in implementing the Company's core strategy of global leadership, operational excellence and value creation.

Organization Position Status
Methanex Corporation CFO & Senior Vice President, Finance Current

Organization Position Status
Methanex Corporation CFO & Senior Vice President, Finance Current

As Senior Vice President, Asia Pacific, Harvey Weake is focused on developing business opportunities for Methanex in the Asia Pacific region. He also manages the Company’s flexible manufacturing assets in New Zealand and North America. Mr. Weake's more than 25 years experience in the manufacturing sector of the petrochemical and oil industry covers substantial organizational restructuring, operational management and leadership, global networking within manufacturing and project leadership.

Organization Position Status
Methanex Corporation Senior Vice President, Asia Pacific Current

Methanex's Senior Vice President, Global Marketing and Logistics, is an accomplished senior executive with more than 25 years of diverse international management experience. Mr. Floren oversees four regional marketing offices as well as Methanex's wholly owned shipping subsidiary, Waterfront Shipping. He joined Methanex in 2000 as Director, Information Technology and E-commerce and transitioned to Director, Marketing and Logistics for North America in May 2002.

Organization Position Status
Methanex Corporation Senior Vice President, Global Marketing & Logistics Current
Methanex Corporation Director, Information Technology Former
E-Commerce, Inc. Former

John Gordon, Senior Vice President, Corporate Resources, has been with Methanex for more than 10 years. During that time, leading human resource management consultants have benchmarked the company's Human Resource practices in the top quartile of high quality organizations. In striving to be the best, Methanex is now viewed as an employer-of-choice in all of the markets in which it competes for talent. Mr. Gordon ensures that the HR strategic planning model is directly linked with Methanex's business strategies of global leadership, operational excellence and value creation.

Organization Position Status
Methanex Corporation Senior Vice President, Corporate Resources Current

As Senior Vice President, Caribbean and Global Manufacturing, Jorge Yanez manages a manufacturing team of approximately 350 employees located in Chile and Trinidad & Tobago. He has 30 years of diverse international management experience. Since he joined Methanex in 1988, Mr. Yanez has held a variety of positions in Chile including Plant Manager in Punta Arenas and Manufacturing Director for Methanex Latin America. Most recently he was Vice President, Project Management based out of Houston, Texas.

Organization Position Status
Methanex Corporation Senior Vice President, Caribbean and Global Manufacturing Current
Methanex Corporation Vice President Current
Methanex Corporation Plant Manager Former

Drawing upon more than 20 years of chemical industry experience with Methanex (and its predecessor companies), Michael Macdonald, Senior Vice President, Corporate Development provides leadership and direction for all of the Corporation's strategies. This includes corporate analysis and valuation, transactions and project development, and executing a variety of initiatives including technology-related matters.

Organization Position Status
Methanex Corporation Senior Vice President, Corporate Development Current
S.Com, Inc. Former

Paul Schiodtz was appointed Senior Vice President, Latin America in January 2006. This position provides leadership to Methanex’s Latin America region. With Methanex since 1999, Mr. Schiodtz’s prior position was Director, Finance, Latin America. A mechanical engineer, Mr. Schiodtz holds Masters of Science degrees in Management and Operations Research from MIT. He has worked in Canada, Chile and the United States.

Organization Position Status
Methanex Corporation Senior Vice President, Latin America Current
Massachusetts Institute of Technology Masters of Science degrees in Management and Operations Research Former

As Senior Vice President, General Counsel and Corporate Secretary, Randy Milner is responsible for leading and directing the legal affairs of Methanex. He also ensures that the company's world-wide commercial activities are lawfully carried out and that the various risks which the company faces are fully understood and managed. Mr. Milner is also responsible for managing the governance needs of the company and its subsidiaries. Mr. Milner has been with the legal department since 1995.

Organization Position Status
Methanex Corporation Senior Vice President, General Counsel and Corporate Secretary Current

Organization Position Status
Methanex Corporation Reg Senior Vice President, Global Manufacturing Current
The Dow Chemical Company Former

Organization Position Status
Methanex Corporation Business Development Director Current

Organization Position Status
Methanex Corporation Director, Public Affairs Current

Organization Position Status
Methanex Corporation Director, Investor Relations Current
Methanex Corporation Board of Directors Current

Organization Position Status
Methanex Corporation Methanex's Director, North American Marketing & Lo Current

Organization Position Status
Methanex Corporation Director, Government and Public Affairs Current
Methanex Corporation Board of Directors Current

Organization Position Status
Methanex Corporation Director, Responsible Care Current

Organization Position Status
Methanex Corporation Manager, Public Affairs & Csr Current

Organization Position Status
Methanex Corporation Senior Market Manager Current

Organization Position Status
Methanex Corporation Manager, Public Affairs Current

Organization Position Status
Methanex Corporation Senior Market Manager Current

Organization Position Status
Methanex Corporation Manager, Public Affairs Current

Organization Position Status
Methanex Corporation Senior Marketing Manager Current

Organization Position Status
Methanex Corporation Senior Marketing Manager Current

Organization Position Status
Methanex Corporation Senior Market Manager, Greater China Current

Organization Position Status
Methanex Corporation Senior Market Manager Current

Organization Position Status
Methanex Corporation Manager, Public Affairs Current

Organization Position Status
Methanex Corporation Current

Organization Position Status
Methanex Corporation Current

Organization Position Status
Methanex Corporation Current
Royal Bank of Canada Senior Executive Vice President Former

Organization Position Status
McLean Budden Limited Chairman of the Board Current
Methanex Corporation Chairman of the Board of Mclean Budden Current
McLean Budden Limited Chief Executive Officer Former
York University Masters of Business Administration Former
York University Bachelor of Arts Former

Mr. Pierre Choquette of Vancouver, Canada, is Chairman of the Board of Methanex. He was Chairman of the Board and Chief Executive Officer of Methanex from 2003 to 2004 and President and Chief Executive Officer from 1994 to 2003. Mr. Choquette is also a director of the CPP Investment Board. Mr. Choquette holds a Bachelor of Arts, Bachelor of Science and a Masters in Science in Chemical Engineering from Laval University. In addition, he is a graduate of the Advanced Management Program at Harvard Graduate School of Business Administration.

Organization Position Status
Methanex Corporation Chairman Current
University of British Columbia Board of Directors Current
Methanex Corporation Chief Executive Officer Former
Laval University Masters In Science Former
Laval University Bachelor of Science Former
University of British Columbia Bachelor of Science Former
University of British Columbia member Former

Organization Position Status
Methanex Corporation Board of Directors Current

As President and Chief Executive Officer of Methanex for the past four years, Mr. Aitken has celebrated many milestones. This year, Methanex announced it is proceeding with a 1.3 million tonne methanol facility at Damietta, Egypt. Construction is now underway with commercial methanol production slated for 2010. Methanex’s presence in Asia Pacific has also expanded. The company’s regional headquarters have been relocated to Hong Kong and its office in Shanghai is growing. Last year, the company entered into a longterm arrangement with China’s XinAo Group to participate in a dimethyl ether production facility near Shanghai. In the past few years, Methanex also expanded its terminal in Yeosu, Korea, to ensure better security of supply for the entire Asia Pacific region. In 2005, Methanex celebrated the opening of Chile’s fourth methanol plant, making the Chilean site Methanex’s largest methanol facility capable of providing almost 12 per cent of the world’s methanol. An internationally experienced executive, Mr. Aitken has, for nearly 30 years, lived and worked in five different countries on assignments of increasing complexity and seniority. Before assuming his current role as President and CEO, he held a variety of positions with Methanex, including President and Chief Operating Officer and Senior Vice President, Asia Pacific. In the 1990s, Mr. Aitken led a review of Methanex’s global organization that evolved into its current operating structure. He was influential in establishing Methanex’s core strategies of global leadership, low cost and operational excellence. Prior to joining Methanex, Mr. Aitken was Executive Director of Cape Horn Methanol in Santiago, Chile, from 1991 to 1993. From 1979 to 1991, he also held a number of managerial positions with Fletcher Challenge Limited in New Zealand. Mr. Aitken holds a Bachelor of Commerce degree from Auckland University. He also has an Associate Chartered Accountant designation and is a member of the New Zealand Institute of Chartered Accountants. He is married and has two grown children. When he finds a spare moment, chances are you will find him skiing, golfing or playing squash. Methanex is the world’s largest producer, distributor and marketer of methanol. Methanex shares are listed for trade on the Toronto Stock Exchange in Canada under the trading symbol “MX,” on the NASDAQ Global Market in the United States under the trading symbol “MEOH” and on the Foreign Securities Market of the Santiago Stock Exchange in Chile under the trading symbol “Methanex.”

Organization Position Status
Methanex Corporation Board of Directors Current
Methanex Corporation President & CEO Former

Organization Position Status
Methanex Corporation Director Current
United States Department of Energy Former
Johns Hopkins School of Advanced International Studies M.A. in International Relations Former
The University of Texas at Austin B.A. in Political Science Former

Organization Position Status
Wexler & Walker Public Policy Associates Founder and Executive Chairman Current
Funds Director of The Dreyfus Family Current
The Community Foundation Board of Directors Current
Methanex Corporation Board of Directors Current
Bryant College Doctor of Science In Business Administration Former
Bryant College Science in Business Administration Former
Council on Foreign Relations member Former

Mr. Howard Balloch, of Beijing, China, is currently President of The Balloch Group, a private consultancy firm specializing in China and other Asian markets. From 1996 to 2001, he was the Canadian Ambassador to the People's Republic of China. Mr. Balloch also serves on the boards of Ivanhoe Energy Inc. and Ivanhoe Mines Ltd. and is Vice Chairman of the Canada China Business Council. He holds a Bachelor of Arts (Honours) in Political Science and Economics and a Masters in International Relations, both from McGill University.

Organization Position Status
Methanex Corporation Board of Directors Current

Organization Position Status
Methanex Corporation Board of Directors Current

Organization Position Status
Methanex Corporation Board of Directors Current

Mr. Graham Sweeney, of Sarnia, Canada, was President and Chief Executive Officer of Dow Chemical Canada Inc. from 1993 to 1995. Prior to this he held Vice President positions with The Dow Chemical Company in Asia and the USA. He holds a Bachelor of Science (Chemical Engineering) from the University of Natal, in South Africa.

Organization Position Status
The Dow Chemical Company Vice President Former
Dow Chemical Canada Inc Chief Executive Officer Former
Dow Chemical Canada Inc President Former
University of Natal Bachelor of Science Former

Organization Position Status
Methanex Corporation Board of Directors Current

Organization Position Status
The Balloch Group President Current
Ivanhoe Mines Ltd. Director Current
Methanex Corporation Board of Directors Current
Ivanhoe Energy, Inc. Board of Directors Current
The Balloch Group Founder Former
Universite Laval Former
Zi Corporation Board of Directors Former
Montreal.Com MBA Former
McGill University MBA Former
McGill University BA Former

Ms. Janice Rennie, of Edmonton, Canada, was Senior Vice President, Human Resources and Organizational Effectiveness for EPCOR Utilities Inc. She serves on the boards of several large Canadian companies including the Canadian Hotel Income Properties Real Estate Investment Trust, Greystone Capital Management Inc., NOVA Chemicals Corp. and West Fraser Timber Co. Ltd. Ms. Rennie holds a Bachelor of Commerce from the University of Alberta and is a member of the Institute of Chartered Accountants of Alberta.

Organization Position Status
Canadian Hotel Income Properties Real Estate Investment Trust Trustee Current
Cesl Engineering Services Ltd. Board of Directors Current
Teck Cominco Limited Board of Directors Current
Canadian Hotel Income Properties Real Estate Investment Trust Board of Directors Current
EPCOR Utilities, Inc. Board of Directors Current
NOVA Chemicals Corporation Board of Directors Current
Matrikon, Inc. Director Current
Methanex Corporation Director Current
EPCOR Utilities, Inc. Senior Vice President, Human Resources and Organizational Effectiveness Former
Nova, Inc. Former
University of Alberta Bachelor of Commerce Former

Organization Position Status
Methanex Corporation Board of Directors Current
Finning International, Inc. Board of Directors Current
Terasen Inc. Chief Executive Officer Former
Terasen Inc. President Former
Terasen Gas (Squamish), Inc. President Former
Terasen Pipelines, Inc. President Former
Terasen Inc. Board of Directors Former
University of Newcastle upon Tyne Degree Former
University of Newcastle Economics Former

Monica is the strategic leader for Intervera and brings over twenty five years of senior executive experience to the position. She holds a Masters in Business Administration from Harvard University and a Masters of Engineering from Stanford University. She has or currently maintains several board positions for organizations such as Methanex, EntX Capital, Ranger Oil, Echo Bay Mines, SMED International, Finning International and the Calgary Opera Society. Monica is also on several private technology advisory boards. Monica was President of Kelman Technologies, the first online data archiving and data management service provider for the upstream exploration marketplace. Monica was also the founding President of TELUS Advanced Communications, responsible for building and delivering high speed IP and data management services to the Alberta business marketplace. In addition, Monica was an independent strategy and management consultant working in energy and technology related fields. Her main areas of focus include business strategy, operations performance management and IT related business transformations across utility, E&P and oil sands operations.

Organization Position Status
Intervera Data Solutions Managing Director and CEO Current
Intervera Data Solutions Strategic Leader Current
Methanex Corporation Director Current
Entx Capital Corporation Director Current
Nova, Inc. President Former
Kelman Technologies, Inc. President Former
Nova, Inc. Founder Former
Stanford University Masters of Science Engineering Former
Harvard Business School MBA Former
Harvard University MBA Former

Mr. Terry Poole, of Calgary, Canada, was Executive Vice President, Corporate Strategy and Development of NOVA Chemicals Corporation from May 2000 to June 2006. He also serves on the boards of Pengrowth Corporation and Synenco Energy Inc. Mr. Poole is a Chartered Accountant and holds a Bachelor of Commerce from Dalhousie University. He is a Member of the Canadian, Quebec and Ontario Institutes of Chartered Accountants and is also a Member of the Financial Executives Institute.

Organization Position Status
Pengrowth Corporation Board of Directors Current
Methanex Corporation Director Current
NOVA Chemicals Corporation Executive Vice President, Corporate Strategy and Development Former

Organization Position Status
Methanex Corporation Board of Directors Current

Organization Position Status
Methanex Corporation Board of Directors Current

Mr. John Reid, of Vancouver, Canada, was the President and Chief Executive Officer of Terasen Inc. from 1997 to 2005. He also serves on the board of Finning International Inc. Mr. Reid has an Economics Degree from the University of Newcastle upon Tyne in the United Kingdom and is a Fellow of the British Columbia, England and Wales Institutes of Chartered Accountants.

Organization Position Status
Methanex Corporation Board of Directors Current

Organization Position Status
Methanex Corporation Board of Directors Current
McGill University Bachelor of Engineering (Mechanical Engineering) Former

Mr. Bob Kostelnik, of Katy, Texas, USA was Vice President of Refining for CITGO from July 2006 until his retirement in 2008. Prior to that, Mr. Kostelnik held a number of senior positions during his 16 years with CITGO. He attended the University of Missouri, where he earned a Bachelor of Science (Mechanical Engineering) with honors and is a Registered Professional Engineer.

Organization Position Status
Methanex Corporation Director Current
University of Missouri Former

Organization Position Status
Methanex Corporation Board of Directors Current

Organization Position Status
Methanex Corporation Board of Directors Current

Terry Poole has served as Executive Vice-President, Corporate Strategy and Development of Nova Chemicals Corporation, an NYSE and TSX listed company since 2000. Prior to that, he served as Executive Vice-President, Finance and Strategy for two years. From 1988 to 2006 he has held several senior management roles within Nova Corporation of Alberta and Nova Corporation including Senior Vice-President and Chief Financial Officer. Mr. Poole is a member of the Canadian, Quebec and Ontario Institutes of Chartered Accountants and of the Financial Executives Institute.

Organization Position Status
Synenco Executive Vice President Current
Nova, Inc. Current
Methanex Corporation Board of Directors Current
NOVA Chemicals Corporation Executive Vice President, Corporate Strategy and Development Former
Synenco Director Former

Thomas M Hamilton has served as a director of TODCO since May 2004. Mr. Hamilton is the founder and co-owner of Medora Investments, LLC. He served as the Chairman, President and Chief Executive Officer of EEX Corporation from January 1997 until his retirement in November 2002. From 1992 to 1997, Mr. Hamilton served as Executive Vice President of Pennzoil Company and as President of Pennzoil Exploration and Production Company. Mr. Hamilton was a director of BP Exploration, where he served as Chief Executive Officer of the Frontier and International Operating Company of BP Exploration from 1989 to 1991 and as the General Manager for East Asia/Australia/Latin America from 1988 to 1989. From 1985 to 1988, he held the position of Senior Vice President of Exploration at Standard Oil Company, prior to its being merged into BP. Mr. Hamilton is also a director and member of the audit committee of FMC Technologies Inc. and is a member of the board of directors of Methanex Corporation.

Organization Position Status
FMC Technologies (Fti) Current
Todco Director Current
Hercules Offshore, Inc. Board of Directors Current
Methanex Corporation Director Current
FMC Technologies Measurement Solutions Board of Directors Current
Western Gas Resources, Inc. Board of Directors Current
FMC Technologies, Inc. Director Current
Pennzoil Limited President, Exploration and Production Company Former
Co-Production President Former
Pennzoil Limited Executive Vice President Former
Standard Oil Senior Vice President of Exploration Former
East Asia Ltd. General Manager Former
BP plc Former
University of North Dakota PhD In Geology Former
University of North Dakota Masters of Science Former
Capital University Bachelor of Science In Geology Former

Organization Position Status
The University of Texas member Current
Methanex Corporation member Current
Dow Automotive Current
Methanex Corporation Director Current
The University of Texas at Austin Board of Directors Current
The Dow Chemical Company Corporate Vice President, Strategic Development Former
Epoxyproducts.Com Global Business Manager Former
The Dow Chemical Company Senior Advisor Former
The University of Texas at Austin Bachelor of Mechanical Engineering Former
The University of Texas at Austin degree in Mechanical Engineering Former
The University of Texas degree in Mechanical Engineering Former