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Westlake Corporation (WLK)

NYSE - Nasdaq Real-time price. Currency in USD
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144.20+0.59 (+0.41%)
At close: 04:00PM EDT
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Westlake Corporation

2801 Post Oak Boulevard
Suite 600
Houston, TX 77056
United States
713 960 9111
https://www.westlake.com

Sector(s)Basic Materials
IndustrySpecialty Chemicals
Full-time employees15,520

Key executives

NameTitlePayExercisedYear born
Mr. James Y. ChaoExecutive Chairman of the Board3.35M20.78M1948
Mr. Mark Steven Bender CPAExecutive VP & CFO2.2M1.12M1957
Mr. L. Benjamin EderingtonExecutive VP of Performance & Essential Materials, General Counsel and Chief Administrative Officer1.99M994.41k1971
Mr. Robert F. BuesingerExecutive Vice President of Housing, Infrastructure Products, IT & Digital1.85M783.76k1957
Mr. Jean-Marc GilsonPresident & CEON/AN/A1963
Mr. Jeffrey A. HolyVP & Chief Accounting OfficerN/AN/AN/A
Lawrence SchubertVice President of Corporate Development & SustainabilityN/AN/AN/A
Mr. Thomas J. JanssensSenior Vice President of Operations, PEM & Corporate LogisticsN/AN/A1967
Mr. Johnathan Stevan ZoellerVP & TreasurerN/AN/A1976
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Westlake Corporation engages in the manufacture and marketing of performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, Taiwan, and internationally. The company operates through two segments: Performance and Essential Materials and Housing and Infrastructure Products. The Performance and Essential Materials segment offers ethylene, polyethylene, styrene, chlorinated derivative products, ethylene dichloride, vinyl chloride monomer, polyvinyl chloride (PVC), epoxy specialty resins, and base epoxy resins and intermediaries, as well as chlor-alkali, such as chlorine and caustic soda. The Housing and Infrastructure Products segment provides residential PVC sidings; PVC trim and mouldings; architectural stone veneers; windows; PVC decking; PVC films for various inflatables, wallcovering, and tape and roofing applications; polymer composite and cement roof tiles; PVC pipes and fittings for various water, sewer, electrical, and industrial applications; PVC compounds used in various housing, medical, and automobile products; and consumer and commercial products, such as landscape edging; industrial, home, and office matting; marine dock edging; and masonry joint controls. It offers its products to chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, wind turbines, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. Westlake Corporation was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation operates as a subsidiary of TTWF LP.

Corporate governance

Westlake Corporation’s ISS governance QualityScore as of 1 October 2024 is 6. The pillar scores are Audit: 4; Board: 9; Shareholder rights: 7; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.