WOODRIDGE, IL – Elevance Renewable Sciences Inc., a company that creates specialty chemicals from natural oils, has appointed Tony Parnell to be the company’s Chief Executive Officer. Parnell succeeds K’Lynne Johnson, who has transitioned to a new role as Executive Chairperson of Elevance’s board of directors. Johnson is the founding CEO of Elevance, leading the company since its formation in 2007.

“I’m honored to be selected as Elevance’s next CEO and eager to lead Elevance as the company focuses on accelerating revenue growth,” Parnell said. “Now is the ideal time to build upon the company’s many notable accomplishments, resulting from K’Lynne’s sound direction and leadership, including multiple commercial product introductions, joint ventures and collaborations.”

As CEO, Parnell’s initial priorities will be to enhance commercialization of Elevance products that have already been introduced and to take full advantage of the strategic portfolio that Johnson has established.

Johnson will remain on the board and assume the new role of Executive Chairperson. In this position, she will support Parnell’s efforts, ensuring continuity of vision, strategy and relationships, and assisting with corporate visibility.

Parnell previously served as a corporate officer of specialty chemicals company Albermarle Corp. He was most recently Corporate Vice President, Global Sales and Supply Chain, where he oversaw all aspects of Albemarle’s global supply chain, including sales, procurement and logistics, as well as the company’s global office sites.