Richard Verhagen
About Richard Verhagen
Richard Verhagen serves as the Director of Global Purchasing at Venator Materials Plc, where he has worked since 2017. He has extensive experience in purchasing and supplier management, having held various roles in companies such as Lyondellbasell and Huntsman.
Current Role at Venator Materials
Richard Verhagen serves as the Director Global Purchasing at Venator Materials Plc since 2017. In this role, he manages supplier relationships and ensures compliance with financial regulations, specifically the Sarbanes-Oxley (SOx) standards. He leads a team of 32 full-time employees, focusing on strategic and tactical purchasing, supplier management, and global leveraging opportunities. His responsibilities include negotiating both long-term and short-term supply contracts for various commodities across 25 sites in Europe.
Previous Experience at Lyondellbasell
Prior to his current position, Richard Verhagen held multiple roles at Lyondellbasell. He worked as the Business Manager Operations from 2002 to 2006 and as the Director Supply Europe Utilities and Industrial Gases from 2006 to 2010, both based in Houston, Texas. Additionally, he served as the European Engineering Manager from 2000 to 2002. His tenure at Lyondellbasell spanned over six years, during which he gained extensive experience in operations and supply chain management.
Experience at Huntsman
Richard Verhagen worked at Huntsman as the Director Corporate Purchasing for Feedstock, Energy, Gases, and Utilities Europe from 2010 to 2017. This position was based in The Woodlands, Texas, and involved overseeing purchasing strategies for essential resources across Europe. His experience at Huntsman contributed to his expertise in corporate purchasing and supplier management.
Education and Academic Background
Richard Verhagen studied Business Administration and earned a Bachelor of Business Administration from Newport University in 1986. Prior to that, he attended Hbo University from 1978 to 1983. His educational background has provided him with a solid foundation in business principles that support his professional roles in purchasing and operations.
Advocacy and Industry Impact
Richard Verhagen has been an advocate for the development of CO2 legislation and its implications for industry and business. He has played a role in creating and implementing a CO2 sales and purchase strategy, demonstrating his commitment to addressing environmental concerns within the industrial sector.