Kraton Corporation Appoints Prakash Kolluri as New President of Polymers Business Unit

Prakash Kolluri Takes the Helm as President of Kraton's Polymer Business

In a strategic move that underscores its commitment to innovation and leadership in the specialty polymers industry, Kraton Corporation has named Prakash Kolluri as the new President of its Polymer Business unit. This announcement, made on March 3, 2025, marks a significant step for the company, which is known for its sustainable production of high-value biobased products derived from pine wood pulping.

Kolluri comes into this role with an extensive background in the polymer sector, having previously held key leadership positions at both Kraton and Cariflex—a company he helped to grow significantly during his time as CEO. His track record is notable for a successful global expansion in isoprene rubber latex, particularly in medical and other specialty applications that have positioned Cariflex as a market leader.

As he takes the reins, Kolluri has outlined a vision focused on scaling operations, reducing complexities in the production process, and spearheading innovations that will help Kraton cement its position in high-growth markets. In his own words, Kolluri expressed his enthusiasm for returning to Kraton, stating, "I am honored to return to Kraton and take on this new leadership role. Kraton has a rich legacy of innovation in polymer solutions. I look forward to working with our talented team to accelerate growth, enhance sustainability, and deliver value to our customers worldwide."

Marcello Boldrini, CEO of Kraton Corporation, similarly expressed confidence in Kolluri’s capabilities, asserting that his deep industry expertise and strategic vision make him the ideal candidate to lead the new phase of growth for Kraton's Polymer Business. This alignment in leadership is expected to drive the company’s commitment toward strengthening its leadership in high-performance polymers while expanding into emerging markets.

Kraton Corporation remains a leading global producer of specialty polymers with operations spanning more than 70 countries. Its products are utilized across a variety of applications, including adhesives, coatings, consumer and personal care products, sealants, and lubricants. With the largest market share in the pine chemicals industry, Kraton prides itself on offering a diverse range of biobased products that cater to several sectors including medical, automotive, and construction.

The appointment of Kolluri is a part of Kraton’s broader strategy aimed at bolstering its innovation capabilities and ensuring that it meets the growing demand for sustainable and high-value polymer solutions. The company is committed to advancing sustainable technologies, and Kolluri’s leadership is poised to further this mission.

As Kraton navigates this new chapter, all eyes will be on how Kolluri’s leadership will shape the future of the Polymer Business, driving the organization to new heights of operational excellence and market leadership. The polymer industry continues to evolve rapidly, with increasing emphasis on sustainability and innovation, and Kraton is strategically positioned to lead these changes, thanks in part to Kolluri’s expertise and vision for growth.