Westlake Chemical Partners Appoints Jonathan Baksht as New CFO and Director
WLKP sits 26% above its 52-week low of $17.75.
Summary
Westlake Chemical Partners LP announced the appointment of Jonathan H. Baksht as its new Senior Vice President and Chief Financial Officer, and as a director of its General Partner, effective June 15, 2026.
Key Events · Executive and Board Changes · WLKP
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New CFO Appointed
Jonathan H. Baksht was named Senior Vice President and Chief Financial Officer, effective June 15, 2026.
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Board Appointment
Mr. Baksht was also appointed as a director of Westlake Chemical Partners GP LLC, the General Partner.
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Succession Plan Finalized
Mr. Baksht succeeds M. Steven Bender, whose retirement was previously disclosed. Mr. Bender will transition to Special Advisor and retire from the board.
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Dual Role with Parent Company
Mr. Baksht will also serve as Senior Vice President and CFO of Westlake Corporation, the indirect parent company.
Analysis · WLKP · Industrial Applications And Services
This appointment is significant as Jonathan H. Baksht brings extensive financial leadership experience from several public companies, including Fortune Brands Innovations and Pactiv Evergreen. His dual role as CFO for both Westlake Chemical Partners LP and its indirect parent, Westlake Corporation, suggests a unified financial strategy. This transition ensures continuity in a critical executive position, especially given the company's recent financial performance as noted in its last 10-K, where net income and distributable cash flow saw a drop. Investors will watch for his impact on financial management and capital allocation.
At the time of this filing, WLKP was trading at $22.34 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $787.4M. The 52-week trading range was $17.75 to $23.82. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.