Cristal announces Executive Vice President of its Titanium Strategic Business Unit (SBU)
Cristal has appointed Dr. Christian Gunther as Executive Vice President - Titanium SBU (Cristal), effective October 1, 2016. In his previous role as EVP - Strategy and Growth for Tasnee, Cristal’s parent company, Dr. Gunther successfully led the Tasnee Excellence Program (TEP) aimed at overall business improvement, the development of the corporate strategy, business development, and mergers and acquisitions.
Dr. Gunther joined The National Industrialization Company (“Tasnee”) in April 2015 as EVP, Strategy and Growth. In addition to having led the company-wide Tasnee Excellence Program, he was responsible for the strategy functions, business development, and mergers and acquisitions. Prior to that, he had served as Partner in the Middle East office at McKinsey & Company, working mainly in chemicals and oil and gas sectors and led McKinsey's Middle East Chemicals Practice for eight years He was also a leader in their energy and materials practice. He earned a PhD in Chemistry from the University of Würzburg, Germany in 2000.
Cristal is one of the largest producers of titanium dioxide and a leading producer of titanium chemicals. Cristal is the world’s leading supplier of ultrafine titanium dioxide products and titanium chemicals and is a fast-growing producer of mineral sands and titanium metal powder. Cristal operates eight manufacturing plants in seven countries on five continents and employs nearly
3,400 people worldwide.
Cristal is owned 79% by Tasnee, a listed Saudi joint stock company and 20% by Gulf Investment Corporation, a company equally owned by the six states of the Gulf Cooperation Council and headquartered in Kuwait.