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Business Wire
28-05-2025
- Business
- Business Wire
Cencora Elects Lori J. Ryerkerk to Its Board of Directors
CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--Cencora, Inc. (NYSE: COR) today announced that its Board of Directors has elected Lori J. Ryerkerk as a new independent director, effective June 1, 2025. 'Ms. Ryerkerk's experience in complex, global supply chains will further strengthen the Board's expertise as we continue supporting the company's long-term growth. Her appointment reflects the Cencora Board's ongoing commitment to leaders who can help us contribute to driving stakeholder value,' said Mark Durcan, Lead Independent Director. 'Lori's experience as a public company CEO, leading a global specialties chemical company with extensive operations and logistics, will bring valuable insight as we execute against our strategy and build on our leadership as an end-to-end healthcare services provider,' said Robert P. Mauch, President and Chief Executive Officer of Cencora. Ms. Ryerkerk is the former Chairman, President and Chief Executive Officer of Celanese. She joined Celanese in 2019 and became Chairman in 2020. Prior to her role with Celanese, Ms. Ryerkerk spent over 25 years in manufacturing operations leadership roles, including Executive Vice President of Global Manufacturing at Shell Downstream Inc. She also currently serves on the Board of Directors of Eaton Corp. and Norfolk Southern. Ms. Ryerkerk earned her B.S. in Chemical Engineering from Iowa State. About Cencora Cencora is a leading global pharmaceutical solutions organization centered on improving the lives of people and animals around the world. We partner with pharmaceutical innovators across the value chain to facilitate and optimize market access to therapies. Care providers depend on us for the secure, reliable delivery of pharmaceuticals, healthcare products, and solutions. Our 51,000+ worldwide team members contribute to positive health outcomes through the power of our purpose: We are united in our responsibility to create healthier futures. Cencora is ranked #10 on the Fortune 500 and #18 on the Global Fortune 500 with more than $290 billion in annual revenue. Learn more at
Daily Express
02-05-2025
- Business
- Daily Express
Weaker Petronas undermines Malaysia's geoeconomic strength, says Wan Fayshal
Published on: Friday, May 02, 2025 Published on: Fri, May 02, 2025 By: FMT Reporters Text Size: Petronas, one of the world's leading oil companies, operates in over 50 countries, with major oil, gas and LNG projects across Africa, South America, Canada and the Asia-Pacific. (Reuters pic) PETALING JAYA: While the Petroleum Development Act 1974 (PDA) has provided a solid foundation for generating revenue to support national development, emerging geoeconomic challenges—including Donald Trump's trade war—necessitate its further strengthening, says an opposition leader. Machang MP Wan Ahmad Fayhsal Wan Ahmad Kamal said Petronas, as Malaysia's leading geoeconomic institution, requires strong backing to sustain its pivotal role as a long-term global player, over and above its role in contributing to the treasury. 'Petronas doesn't just generate revenue for the country, it has also developed talent, expertise, and strong diplomatic channels for Malaysia to expand abroad. 'It is the only homegrown multinational corporation (MNC) to have grown into a transnational corporation, with operations in more than 50 countries, and is one of the most important sources of revenue for our country,' he told FMT. He said Petronas has also created numerous opportunities for other Malaysian businesses by introducing them to new markets. 'Petronas is not content with just being a local player as they have proven their worth in playing in bigger fields outside, such as Africa and South America. 'Whenever Petronas expands abroad, it also opens doors for our SMEs to penetrate those markets because we have a national champion acting as our 'battering ram', pushing Malaysia's interests aggressively overseas,' he said. Petronas operates in over 50 countries, with major oil, gas and LNG projects across Africa, South America, Canada and the Asia-Pacific, cementing its reputation as one of the world's leading national oil companies. Its extensive network of businesses and continued growth, coupled with a strict adherence to corporate governance requirements, has put it at No.167 on the Global Fortune 500 list, the only Malaysian company to make the cut. Regional significance Wan Fayhsal said the appreciation for Petronas's geoeconomic value extends beyond Malaysia to other Asean nations. 'As a former Petronas staff member, I know that when Indonesia faced the 1998 financial crisis, Petronas was one of the institutions that stepped in to help. 'The country (Indonesia) was hit hard, and Dr Mahathir Mohamad, (the late) Daim Zainuddin, and other Cabinet members (at the time) leveraged Petronas's resources to assist, including through the purchase of food supplies for our Indonesian neighbours,' he said. Wan Fayhsal said this was one example of how Petronas's contributions have gone beyond Malaysia's borders to benefit the wider region. He said the success of Petronas abroad has also enhanced Asean's reputation globally. 'When foreign businesses become familiar with Malaysian companies like Petronas, they are also more likely to engage with (our) Asean counterparts,' he said. Wan Fayhsal said Petronas has set a strong standard and model for Asean companies, demonstrating the region's potential to compete on the global stage. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Free Malaysia Today
02-05-2025
- Business
- Free Malaysia Today
Weaker Petronas undermines Malaysia's geoeconomic strength, says Wan Fayshal
Petronas, one of the world's leading oil companies, operates in over 50 countries, with major oil, gas and LNG projects across Africa, South America, Canada and the Asia-Pacific. (Reuters pic) PETALING JAYA : While the Petroleum Development Act 1974 (PDA) has provided a solid foundation for generating revenue to support national development, emerging geoeconomic challenges—including Donald Trump's trade war—necessitate its further strengthening, says an opposition leader. Machang MP Wan Ahmad Fayhsal Wan Ahmad Kamal said Petronas, as Malaysia's leading geoeconomic institution, requires strong backing to sustain its pivotal role as a long-term global player, over and above its role in contributing to the treasury. 'Petronas doesn't just generate revenue for the country, it has also developed talent, expertise, and strong diplomatic channels for Malaysia to expand abroad. Wan Ahmad Fayhsal Wan Ahmad Kamal. 'It is the only homegrown multinational corporation (MNC) to have grown into a transnational corporation, with operations in more than 50 countries, and is one of the most important sources of revenue for our country,' he told FMT. He said Petronas has also created numerous opportunities for other Malaysian businesses by introducing them to new markets. 'Petronas is not content with just being a local player as they have proven their worth in playing in bigger fields outside, such as Africa and South America. 'Whenever Petronas expands abroad, it also opens doors for our SMEs to penetrate those markets because we have a national champion acting as our 'battering ram', pushing Malaysia's interests aggressively overseas,' he said. Petronas operates in over 50 countries, with major oil, gas and LNG projects across Africa, South America, Canada and the Asia-Pacific, cementing its reputation as one of the world's leading national oil companies. Its extensive network of businesses and continued growth, coupled with a strict adherence to corporate governance requirements, has put it at No.167 on the Global Fortune 500 list, the only Malaysian company to make the cut. Regional significance Wan Fayhsal said the appreciation for Petronas's geoeconomic value extends beyond Malaysia to other Asean nations. 'As a former Petronas staff member, I know that when Indonesia faced the 1998 financial crisis, Petronas was one of the institutions that stepped in to help. 'The country (Indonesia) was hit hard, and Dr Mahathir Mohamad, (the late) Daim Zainuddin, and other Cabinet members (at the time) leveraged Petronas's resources to assist, including through the purchase of food supplies for our Indonesian neighbours,' he said. Wan Fayhsal said this was one example of how Petronas's contributions have gone beyond Malaysia's borders to benefit the wider region. He said the success of Petronas abroad has also enhanced Asean's reputation globally. 'When foreign businesses become familiar with Malaysian companies like Petronas, they are also more likely to engage with (our) Asean counterparts,' he said. Wan Fayhsal said Petronas has set a strong standard and model for Asean companies, demonstrating the region's potential to compete on the global stage.
