Celanese Corporation announced on September 16, 2026, that it has elected Luis Fernandez-Moreno as a new member of its Board of Directors. The election increases the size of the Board from 10 to 11 members, a move effective immediately. Mr. Fernandez-Moreno is expected to serve until the Company's 2027 Annual Meeting of Shareholders, at which time he will be a nominee for election by shareholders.
The Company has classified Mr. Fernandez-Moreno as an independent director in accordance with the Securities Exchange Act of 1934 and the listing standards of the New York Stock Exchange. The Board has also determined that he is not related to any current officers or directors and has no transactions or relationships with the Company that require disclosure under Regulation S-K. At the time of the filing, he had not yet been appointed to any specific Board committees.
Mr. Fernandez-Moreno, age 64, brings over 40 years of experience in the performance materials, specialty ingredients, and coatings industries across North America, Latin America, and Europe. His background includes corporate strategy, growth, innovation, and mergers and acquisitions. He currently serves on the boards of Ingevity Corporation, where he has been a director since 2016 and served as interim President and CEO from October 2024 to April 2025, and Select Water Solutions.
Previously, Mr. Fernandez-Moreno served as Senior Vice President at Ashland, Inc. from 2013 to 2017, where he was President of the Chemicals Group and Specialty Ingredients. Prior to Ashland, he was Executive Vice President at Arch Chemicals and Group Vice President at Dow Coatings Materials following the acquisition of Rohm & Haas Company, where he spent 25 years in positions of increasing responsibility.
In a statement, Ed Galante, Chair of the Board at Celanese, welcomed Mr. Fernandez-Moreno, noting his experience in leading multibillion-dollar specialty chemicals businesses across multiple continents. The Company reported that it employed more than 11,000 employees worldwide as of December 31, 2025, with 2025 net sales of $9.5 billion.
