Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers (d) On September 16, 2026, the Board of Directors (the "Board") of Celanese Corporation (the "Company") increased the size of the Board from 10 to 11 members and elected Luis Fernandez-Moreno as a director of the Company, in each case effective…
Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation is a Fortune 500 company that employed more than 11,000 employees worldwide as of December 31, 2025 with 2025 net sales of $9.5 billion.
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Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(d) On September 16, 2026, the Board of Directors (the "Board") of Celanese Corporation (the "Company") increased the size of the Board from 10 to 11 members and elected Luis Fernandez-Moreno as a director of the Company, in each case effective September 16, 2026.
Mr. Fernandez-Moreno has been elected to serve on the Board until the Company's 2027 Annual Meeting of Shareholders, at which time he is expected to be a nominee for election by the Company's shareholders. At this time, Mr. Fernandez-Moreno has not yet been appointed to any committee of the Board.
The Board has determined that Mr. Fernandez-Moreno (a) is an independent director within the meaning of the Securities Exchange Act of 1934, as amended, rules and regulations promulgated by the U.S. Securities and Exchange Commission (the "SEC") thereunder, and the listing standards of the New York Stock Exchange (the "NYSE") and (b) is not related to any officer or director of the Company nor is he a party to any transactions or relationships with the Company and its subsidiaries that require disclosure under Item 404(a) of Regulation S-K.
Mr. Fernandez-Moreno will be compensated in accordance with the Company's compensation practices for non-management directors. Mr. Fernandez-Moreno will also be reimbursed for expenses incurred on behalf of the Company, in accordance with Company policy.
There are no arrangements or understandings between Mr. Fernandez-Moreno and any other person pursuant to which he was elected as director.
On September 16, 2026, the Company issued a press release announcing the election of Mr. Fernandez-Moreno, a copy of which is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Filed exhibits (1)
EX-99.1 (by filename) a202609xx8-kex991.htm
EX-99.1
2
a202609xx8-kex991.htm
EX-99.1
Document
Exhibit 99.1
Celanese Corporation
222 West Las Colinas Blvd.
Suite 900N
Irving, Texas 75039
Luis Fernandez-Moreno Elected to
Celanese Board of Directors
DALLAS (September 16, 2026) - Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced that Luis Fernandez-Moreno has been elected to the Company’s Board of Directors. A seasoned public and private company director, Mr. Fernandez-Moreno, 64, currently serves on the boards of Ingevity Corporation, a global specialty materials company, where he has been a director since 2016 and served as interim President and CEO from October 2024 to April 2025, and Select Water Solutions, a provider of sustainable water and chemical solutions to the energy industry. He brings over 40 years of experience and leadership in the performance materials, specialty ingredients and coatings industries across North America, Latin America and Europe. His background spans corporate strategy, growth and innovation, and mergers and acquisitions, giving him a broad perspective on managing global chemicals businesses. He will join the Celanese Board effecti…