Our History
Find out more about our achievements and adventures since we began in 1998.
Our Leadership
INEOS is led by its founder and Chairman Sir Jim Ratcliffe and co-owners Andy Currie and John Reece. We operate a federal structure based on clear reporting lines and direct accountability. Each business is managed largely autonomously by its own board of directors. There is minimal hierarchy or bureaucracy and a very lean head office function.
Each INEOS business is run by a board of directors that reports into 'INEOS Capital'
Sir Jim Ratcliffe
Sir Jim began his career at Exxon Chemicals where he completed his MBA at the London Business School. He moved to Courtaulds and in 1992 led the successful buyout of Inspec Group plc. He left in 1998 to acquire INEOS plc from Inspec and has been Chairman of INEOS ever since.
Andy Currie
Andy has been an INEOS director since 1999. Graduating from Cambridge University with a degree in Natural Sciences, Andy spent 15 years in a variety of technical and business management roles at BP Chemicals. His career then saw him become a director of the Inspec Group in 1994 until the Laporte acquisition of Inspec in 1998.
John Reece
John joined INEOS as Finance Director in 2000. Previously, he was a partner at PricewaterhouseCoopers advising companies in the chemicals industry. A Cambridge University Graduate, John has a degree in Economics and is an FCA.
INEOS operates a largely autonomous, federal structure
Each individual business has a chairman, a chief executive and a board, typically comprising a chief financial officer and directors overseeing the operations, business and procurement functions. Each board is responsible for all aspects of its business, including business management, operations, procurement, IT, tax, legal, banking, HR, operations, technology, etc. Networks across businesses share best practice, working together to benefit from economies of scale, learning and avoid duplication. The INEOS central office function is extremely limited, numbering only about 40 people relative to typically hundreds in organisations of comparable size. Each board meets every 4-6 weeks with INEOS Capital (our owners) to cover recent performance, operational safety, budgets and any major investment decisions in relation to its business.
