Mormons in Business

A register of Latter-day Saint executives and founders

HomePeopleDavid Weidman

Chemical industry executive, b. 1955

David Weidman

David Weidman spent 24 years in the chemical industry before Celanese made him chief executive in December 2004, two years after naming him chief operating officer. In between, Blackstone had bought the German company, moved it to the United States and prepared a New York listing that Weidman led in January 2005. He ran Celanese for eight years, retired in April 2012 at 56, and within eighteen months was presiding over a mission in Los Angeles. He now works full time in the Church's Missionary Department.

01Frankfurt to Dallas

The company was German, the buyer was Blackstone, and the man who ended up running it was a chemical engineer from Tremonton, Utah. Celanese AG traded in Frankfurt and reported net sales of $4,603 million for 2003. In April 2004 a Blackstone vehicle bought about 84 percent of its shares at 32.50 euros each, moved the headquarters to the United States and, in December 2004, made David Weidman, the chief operating officer since 2002, chief executive of the new Celanese Corporation. The initial public offering priced on January 20, 2005: 50 million shares at $16 on the New York Stock Exchange. Wikipedia's phrase is that he was instrumental in the change from a German-listed company to a global one listed in New York, and the SEC filings bear out the sequence if not the adjective.

He had been at Celanese since September 2000, which made him one of the few senior executives who had seen both regimes. The board made him chairman as well in February 2007.

Fifty million shares at $16, January 20, 2005: a Frankfurt company becomes a New York one.

02Positions by year

David Weidman, 1980-2012
YearsCompanyRole
1980American CyanamidJoins after Michigan MBA
1989-1990Cyanamid CanadaVice president
1990-1994Cyanamid Fibers DivisionVice president
1995-1997AlliedSignalPresident and general manager, fluorine products
1998-1999AlliedSignalPresident, performance polymers
1999-2000HoneywellPresident, performance polymers, after the AlliedSignal merger
2000Celanese AGSenior executive, joining September 2000
2002Celanese AGChief operating officer
2004-2012Celanese CorporationChief executive officer; chairman from February 2007

The early markers are the kind you see on a lot of Utah résumés. A finalist in the Westinghouse Science Talent Search in 1973, a chemical engineering degree from Brigham Young University in 1978, an MBA from Michigan in 1980, and then fourteen years at American Cyanamid before AlliedSignal hired him in 1994.

03Eight years in the chair

The numbers at the end are cleaner than the numbers at the start, because the start was a leveraged buyout. By 2010, the last full year before he announced his departure, Celanese reported net sales of $5.9 billion, about 72 percent of it from outside North America, with roughly 7,250 employees, and the company had been listed for six years. On November 7, 2011 the board announced that he would retire on April 2, 2012 and that Mark C. Rohr, a director since 2007 and until that September the chairman and chief executive of Albemarle Corporation, would take both of his titles. The release counted his tenure at eleven years, and the two men spent the winter on the handover. The industry's own bodies had already made their judgment: he chaired the American Chemistry Council in 2009 and had chaired the board of the Society of Chemical Industry, which gave him its Chemical Industry Medal in 2012, the year he stepped down, and the Petrochemical Heritage Award followed in 2017. The Marriott School at BYU named him International Executive of the Year at a banquet on September 21, 2018, an award it has given since 1974 to people like Rex Tillerson and George Bodenheimer, and what he told the students that night was not about chemistry: "These characteristics of success are based solely on you and your personal choices." The characteristics he had in mind were integrity, knowledge and persistence. You can find the same list in any number of commencement speeches; the difference is that he had spent three decades in fibers, fluorine and polymers before saying it, and by the time he said it he had already left the industry.

04Ten million dollars for engineers who can lead

On March 3, 2011, while still chief executive, he and his wife Rachel, both BYU graduates, gave $10 million to endow the Weidman Center for Global Leadership in the Ira A. Fulton College of Engineering and Technology, housed in the Clyde Building. The premise matched the business he ran, which sold most of its output outside North America. His statement at the time: "Today's engineering and technical talent must be capable of operating on a global stage, leading multi-cultural teams and creating new markets." BYU's release noted that nearly 70 percent of the college's 3,440 engineering students already spoke a second language, most of them from missions, and that the college was sending more than a hundred abroad each year. The Weidmans had sat on BYU's President's Leadership Council since 2009, and the gift was paid in full at the announcement, so the center opened endowed rather than pledged. The college said it would hire a director to build the overseas placements.

  • National Advisory Council, Marriott School of Business, BYU
  • Advancement council, Ira A. Fulton College of Engineering and Technology, BYU
  • Board member, The Conservation Fund and The Vanishing Cultures Project

05Mission president at 58

In 2013, a year after leaving Celanese, he and Rachel were called to preside over the California Los Angeles Mission of the Church of Jesus Christ of Latter-day Saints, a three-year assignment that ended in 2016. They went from there to the presidency of the Provo Missionary Training Center, and he then took a staff role as director of missionary effectiveness in the Church's Missionary Department. By December 2024 the Church News was introducing him on its podcast as the department's managing director, working with what he described as several thousand professionals on curriculum, training-center instruction and the process by which missionaries are assigned. That is a larger organisation than some of the businesses in the table above. The record does not say what he is paid for it.

Questions people ask

01

Who was CEO of Celanese before Mark Rohr?
David N. Weidman was chief executive of Celanese Corporation from December 2004 until April 2, 2012, and chairman from February 2007. He had joined Celanese AG in September 2000 and became chief operating officer in 2002. Mark Rohr, a Celanese director since 2007 and formerly head of Albemarle, succeeded him in both roles after the retirement was announced on November 7, 2011.

02

Did David Weidman serve as a mission president?
He and his wife Rachel presided over the California Los Angeles Mission of the Church of Jesus Christ of Latter-day Saints from 2013 to 2016, about a year after he retired from Celanese. They then served in the Provo Missionary Training Center presidency, and he later joined the Church's Missionary Department, where the Church News identified him as managing director in December 2024.

03

Did Celanese move from Germany to the United States?
Celanese AG was a Frankfurt-listed company until Blackstone bought about 84 percent of its shares at 32.50 euros each in April 2004. The headquarters moved to the Dallas area, David Weidman became chief executive of the new Celanese Corporation in December 2004, and the company listed on the New York Stock Exchange on January 20, 2005, selling 50 million shares at $16.

Sources

  1. Wikipedia: David N. Weidman
  2. SEC Form 8-K exhibit, Celanese Corporation, November 7, 2011: Weidman announces April 2012 retirement
  3. SEC Form 424B4, Celanese Corporation IPO prospectus, January 2005
  4. BYU News, March 3, 2011: BYU announces $10 million donation for engineering global leadership center
  5. BYU Marriott School, 2018: BYU Marriott honors David N. Weidman
  6. Church News podcast, December 3, 2024: Elder W. Mark Bassett and David N. Weidman of the Missionary Department

Entered September 6, 2026. How this page is sourced: see the editorial policy.