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David N. Weidman (born (1955-05-23)May 23, 1955[1]) was Chief Executive Officer and a member of the board of directors of Celanese Corporation from December 2004 to April 2012, when he retired.[2] He received the Chemical Industry Medal from the Society of Chemical Industry in 2012,[3] and the Petrochemical Heritage Award in 2017.[4][5]

David N. Weidman
David N. Weidman PM2008-podium.jpg
Born (1955-05-23) May 23, 1955 (age 64)
ResidenceU.S.
NationalityUnited States
Alma materUniversity of Michigan
AwardsChemical Industry Medal (2012) Petrochemical Heritage Award 2017
Scientific career
FieldsChemistry
InstitutionsCelanese Corporation

Contents

Early life and educationEdit

Weidman was born (1955-05-23)May 23, 1955 to Byron Orme and Olive Nelson Weidman in Tremonton, Utah.[6] He graduated with his BSChE from Brigham Young University (BYU) in 1978. He graduated with his MBA from the University of Michigan's Ross School of Business in 1980.[7]

CareerEdit

External video
  “David Weidman, CEO Celanese”, BYU Weidman Center Leadership Lecture Series, Brigham Young University

Weidman began his career in the chemical industry with American Cyanamid in 1980. He rose to the position of vice president at GM Cyanamid Canada (1989-1990) and in the GM Fibers Division (1990-1994).[1]

Weidman joined AlliedSignal in 1994, holding various positions, including president and general manager of fluorine products (1995-199)[8] and president of its performance polymers business (1998-1999). When Allied Signal was acquired by Honeywell, Weidman became Honeywell President of Performance Polymers Business (1999-2000).[1]

Weidman joined Celanese AG (Celanese's predecessor) in September 2000, where he held a number of executive positions. In 2002 he became chief operating officer. In December 2004, after the company moved from Germany to the United States, he became chief executive officer and a member of the board of directors of Celanese Corporation. In January 2005, the company held its first public offering.[2] Weidman was instrumental in the company's transformation from a German-based company (trading on the Frankfurt Stock Exchange) to a global company (trading on the New York Stock Exchange.) Weidman was elected to the position of chairman of the board of directors in February 2007. He retired in April 2012.[2]

Weidman is a past chairman of the board of the Society of Chemical Industry and of the American Chemistry Council (2009).[9]

Weidman is a member of the board of the National Advisory Council of the Marriott School of Management at BYU.[10] He is a member of the Advancement Counsel for Engineering and Technology for the Ira A. Fulton College of Engineering and Technology at BYU.[11] Weidman is a member of the board of The Conservation Fund. He is a board member of The Vanishing Cultures Project.[12]

CompensationEdit

At the end of his first year as CEO of Celanese, David N. Weidman earned a total compensation for the year of $8 million, which included a base salary of $900,000, a cash bonus of $1.66 million and other payments valued at $5.47 million.[13]

PhilanthropyEdit

David Weidman and his wife Rachel Nielsen Weidman have served on the President’s Leadership Council at Brigham Young University since 2009.[14] The couple donated $10 million towards the establishment of the Weidman Center for Global Leadership in the Ira A. Fulton College of Engineering and Technology at BYU in 2011.[15]

ReligionEdit

In 2013, David and Rachel Weidman were appointed as mission presidents for The Church of Jesus Christ of Latter-day Saints.[6] They served in the California Los Angeles Mission, where they were succeeded in 2016 by Robert Maurice Haynie and Ruth Elizabeth Peterson Haynie.[16]

ReferencesEdit

  1. ^ a b c "David N. Weidman". NNDB Tracking the entire world. Retrieved 24 May 2016.
  2. ^ a b c "Weidman Announces April 2012 Retirement; Mark Rohr to Succeed as Chairman and Chief Executive Officer". Business Wire. November 7, 2011. Retrieved 24 May 2016.
  3. ^ "Retiring Celanese CEO Wins Industry Award". Chemical Processing. March 5, 2012. Retrieved 29 March 2017.
  4. ^ "Petrochemical Heritage Award". Science History Institute. Retrieved 24 March 2018.
  5. ^ "2017 Petrochemical Award Honoree Dave Weidman". The Founders Club. Retrieved 29 March 2017.
  6. ^ a b "New mission presidents". Church News. February 2, 2013.
  7. ^ "CEO Compensation #132 David N Weidman". Forbes.com. Retrieved 24 May 2016.
  8. ^ "NOTICE OF SPECIAL MEETING Table of Contents CELANESE CORPORATION". US Securities and Exchange Commission. August 14, 2006. Retrieved 29 March 2017.
  9. ^ "American Chemistry Council Elects New Board Members". Nol-tec Systems News. February 17, 2009. Retrieved 24 May 2016.
  10. ^ "David N. Weidman". National Advisory Council. Retrieved 25 May 2016.
  11. ^ ""A Framework of Leadership" David N. Weidman". Ira A. Fulton College of Engineering and Technology. Retrieved 25 May 2016.
  12. ^ "Who We Are". The Vanishing Cultures Project. Retrieved 25 May 2016.
  13. ^ "David N Weidman". Forbes USA. 2006.
  14. ^ Smart, Michael (March 2, 2011). "BYU announces $10 million donation for engineering global leadership center". Brigham Young University. Retrieved 24 May 2016.
  15. ^ "The Weidman Center for Global Leadership". Brigham Young University. Retrieved 24 May 2016.
  16. ^ "New mission presidents called to Hawaii, Canada and other missions". LDS Church News. February 18, 2016.