Albert Chao
Albert Chao | |
|---|---|
 Albert Chao, 2009 | |
| Born | 1949 |
| Nationality | Taiwanese |
| Occupation | Businessman |
| Known for | Petrochemical and plastics industry |
| Awards | Petrochemical Heritage Award, 2019[1] |
Albert Chao (born 1949) is a Taiwanese-American chemical industry executive, the president, CEO, and a director of Westlake Chemical Corporation and Westlake Chemical Partners LP. In 2019, Albert and James Chao received the Petrochemical Heritage Award as part of the International Petrochemical Conference.[1] He also serves as a director of Suzhou Huasu Plastics Co., Ltd of China.[2]
Early life
Chao was born in 1949 and grew up in Taiwan. His father Ting Tsung Chao was born in China and moved to Taiwan with his family in 1946.[3] In the mid-1980s, Chao's family moved from Taiwan to the U.S.[4]
Education
Albert Chao received a bachelor's degree from Brandeis University and earned an M.B.A. from Columbia University.[5]
Companies
In 1986 T.T. Chao and his sons Albert and James Y. Chao founded Westlake Chemical, the largest manufacturer of low-density polyethylene in the US.[6] Albert Chao served as an executive vice president of Westlake Chemical Corporation beginning in 1986, became president in mid-1996, and in 2004, became the company's president and CEO.[1]
The Chao family also founded Suzhou Huasu Plastics Company in China as of 1993, and Titan Chemicals Corporation in Malaysia as of 1998. Albert Chao serves as a director of Suzhou Huasu Plastics Company.[1] In 2012, the Bloomberg Billionaires Index suggested his wealth to be at least $1.4 billion.[6]
References
- ^ a b c d "Petrochemical Heritage Award". Science History Institute. Retrieved 1 May 2019.
- ^ "Federal Reserve Bank of Dallas". www.dallasfed.org. Retrieved 2020-07-02.
- ^ Abram, Lynwood (March 16, 2008). "Chao, pioneered petrochemical ventures around the world". Chron. Retrieved 23 January 2019.
- ^ "Westlake Chemical's family owners are new billionaires". Family Business. September 19, 2012. Retrieved 23 January 2019.
- ^ "Albert Chao". Westlake Chemical. Retrieved 23 January 2019.
- ^ a b "Hidden Billionaires Unmasked as Westlake Chemical Soars". Bloomberg. September 18, 2012.
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