David N. Weidman
| David N. Weidman | |
|---|---|
| File:David N. Weidman PM2008-podium.jpg | |
| Born | May 23, 1955 |
| Residence | U.S. |
| Nationality | United States |
| Fields | Chemistry |
| Institutions | Celanese Corporation |
| Alma mater | University of Michigan |
| Notable awards | Chemical Industry Medal (2012)[1] |
David N. Weidman (born May 23, 1955[2]) was Chief Executive Officer and a member of the board of directors of Celanese Corporation from December 2004 to April 2012, when he retired.[3] He received the Chemical Industry Medal from the Society of Chemical Industry in 2012.[1]
Early life and education
Weidman was born May 23, 1955 to Byron Orme and Olive Nelson Weidman in Tremonton, Utah.[4] 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.[5]
Career
| 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).[2]
Weidman joined AlliedSignal in 1994, holding various positions, including 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).[2]
Weidman then 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.[3] 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.)[1] Weidman was elected to the position of Chairman of the board of directors in February 2007. He retired in April 2012.[3]
Weidman is a past Chairman of the board of the Society of Chemical Industry[1] and of the American Chemistry Council (2009).[6]
Weidman is a member of the board of the National Advisory Council of the Marriott School of Management at BYU.[7] He is a member of the Advancement Counsel for Engineering and Technology for the Ira A. Fulton College of Engineering and Technology at BYU.[8] Mr. Weidman is a member of the board of The Conservation Fund.[1] He is a board member of The Vanishing Cultures Project.[9]
Compensation
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.[10]
Philanthropy
David Weidman and his wife Rachel Nielsen Weidman have served on the President’s Leadership Council at Brigham Young University since 2009.[11] 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.[12]
Religion
In 2013, David and Rachel Weidman were appointed as mission presidents for The Church of Jesus Christ of Latter-day Saints.[4] They served in the California Los Angeles Mission, where they were succeeded in 2016 by Robert Maurice Haynie and Ruth Elizabeth Peterson Haynie.[13]
References
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