NatureWorks, which makes biopolymers derived from renewable sources such as corn and used in a range of products including apparel fibres, has named former PolyOne Corporation executive, Richard Altice, as president and CEO.

Altice, who most recently served as senior vice president and president of designed structures and solutions at PolyOne, replaces Marc Verbruggen, who led the company from 2008 to his retirement in 2017.

Peter Hawthorne, chairman of the NatureWorks board, says Altice's leadership "will advance market development and the adoption of NatureWorks' performance materials in new applications."

Prior to PolyOne, Altice served as vice president of chemical company Hexion's global speciality epoxy business, focused on coatings and composites.

"Through my prior work experience, I became familiar with NatureWorks and thought very highly of the company and its products," he added. "I believe that the NatureWorks culture, the company's leadership, and the market interest in renewably sourced advanced polymers and chemicals presents an exciting opportunity and time to be a part of the NatureWorks journey."

NatureWorks was one of the first companies to offer commercially available low-carbon-footprint bioplastics derived from 100% annually renewable resources. It recently reached the milestone of 2bn pounds of Ingeo biopolymer sold globally, which are converted into thousands of consumer and industrial products.