Oxea Appoints Michael McHenry Chief Executive Office

Oxea has appointed Michael McHenry as its new chief executive officer, effective Aug. 15, 2025. With the appointment, the company is entering a new phase of leadership focused on transformation and operational excellence across its business in the oxo intermediates and oxo derivatives market.

“Oxea has a strong foundation, a skilled global team, and a clear position in a core part of the chemical value chain,” said Michael McHenry. “Together, we will build on that strength to accelerate performance and create long-term value for our customers and stakeholders.”

McHenry brings more than 30 years of experience in the international chemicals and materials industry. Most recently, he served as CEO of Techmer PM, a private equity-backed manufacturer of engineered materials. Prior to that, he held senior positions at Master Fluid Solutions, BASF, and Ciba Specialty Chemicals, overseeing business units in resins, additives, pigments, and coatings.

“Michael McHenry has proven experience in managing complex transformation processes and international teams. His values and vision align with Oxea’s commitment to innovation, sustainability, and customer-centric performance,” said Craig Rogerson, Chairman of the Oxea Board of Directors. “We are confident that his operational focus and strategic mindset will support Oxea’s continued development.”

Dave Richards, co-head of the U.S. operating team at Strategic Value Partners, whose managed funds are Oxea’s majority shareholder, said: “We welcome Michael McHenry to Oxea and look forward to working with him and the leadership team. Together with our partners at Blantyre Capital, we aim to support the company’s long-term growth and strategic positioning.”