Eastman Board Chair and CEO Awarded the 2022 International Palladium Medal
The Société de Chimie Industrielle will award the 2022 International Palladium Medal to Eastman Board Chair and Chief Executive Officer Mark J. Costa for his contributions to the chemical industry and his leadership in enhancing the international aims and objectives of the Société de Chimie Industrielle. He will receive the award at a dinner in his honor on Sept. 12, at the New York Hilton Midtown.
The International Palladium Medal was established in 1958 and was first presented to Ernest-John Solvay of Belgium in 1961. Peter Young and James M. Weatherall, Co-Chairmen of the Société de Chimie Industrielle Award Dinner, says, "Mark has dedicated his career at Eastman to harnessing the power of innovation and science to solve the world's biggest challenges, most notably in the circular economy. He has applied his exceptional leadership skills to guiding his company through a period of incredible growth while consistently forging constructive relationships with multiple stakeholders and being fully dedicated to the success of the chemical industry and the people around him. This rare combination of leadership qualities is well matched with the objectives of Société de Chimie Industrielle."
During his career at Eastman, Costa has been instrumental in developing the strategies, capabilities, and outcome-driven culture that have led to the company's greatest period of innovative growth, say officials. He has led the company through a major transformation to becoming a leading material innovation company, beginning with a significant change in portfolio by divesting commodity businesses and acquiring and integrating several specialty companies. This transformation has been fueled by his belief in the power of innovation to create value for all stakeholders and deliver on the company's purpose of enhancing the quality of life in a material way.
As a champion of sustainable innovations, Costa has overseen the launch of Eastman's molecular recycling technologies aimed at helping to solve the global waste crisis and meaningfully address climate change.