A Schulman appoints three new members its board

A Schulman appoints new members to its board

9:32 AM, 11th September 2017
A Schulman logo

AKRON, US: A Schulman Inc (SHLM) has appointed Allen Spizzo and Carol Eicher to its board of directors, effective immediately.

Spizzo currently serves on the board of Ferro Corporation as a member of the audit and compensation committees and on the board of directors of Global Specimen Solutions Inc a privately held informatics company.

Eicher is a non-executive chairman of Innocor Inc where she is the past president and CEO. She serves on the board of directors and is the current chair of the governance committee for Tennant Company.

In connection with these appointments, the board size will be increased to ten directors, nine of whom will be independent. Spizzo will serve on the board's audit, finance, and nominating and corporate governance committees, and Eicher will serve on the compensation, audit and executive committees.

In addition, the company also announced that Dr William Joyce has been appointed as senior advisor to the board, effective immediately. In this capacity, Joyce will serve as a consultant to the company and as an advisor to the board for a term of two years.

Joyce is the chairman and CEO of Advanced Fusion Systems LLC. He is also the retired chairman of the board and CEO of Nalco Holding Co, Hercules Inc, Union Carbide Corporation and former vice chairman of Dow Chemical Co.

"Carol, Allen and Bill each have a deep understanding of the global chemicals industry and we are excited that they will contribute their time, energy and experience to the A Schulman board. In particular, their collective industry knowledge will help support our planned leadership succession as it relates to our CEO search. These appointments are in line with a number of important governance steps our board has taken over the past year to refine the company's focus and improve its execution of sustainable value creation for the benefit of our shareholders.," said Joseph  Gingo, A Schulman chairman, president and CEO.

These appointments follow a cooperation agreement among A Schulman, Cruiser Capital Advisors LLC, and Kingdon Capital Management LLC, which collectively own 9.83 percent of A Schulman common stock.

The Joyce Trusts, in which Dr William Joyce has a pecuniary interest, own 2.55 percent of A Schulman common stock.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Balls of bitumen could avoid pipeline problem: Research

CALGARY, CANADA: An engineer from the University of Calgary has described bitumen as resembling a liquid-filled headache capsule and, for an Alberta s ...

Read more
Asahi Kasei to expand Lamous microfiber suede capacity in Japan

TOKYO, JAPAN: Asahi Kasei’s fibres & textiles strategic business unit said that it will expand capacity for Lamous microfiber suede in Nobeo ...

Read more
AkzoNobel announces management restructure for paints and coatings business

AMSTERDAM, NETHERLANDS: AkzoNobel NV announced a new management structure for its paints and coatings business in advance of creating two focused high ...

Read more
Sealed Air CEO to retire, former Joy Global head to succeed

CHARLOTTE, US: Sealed Air Corporation (SEE) said that Jerome Peribere, CEO and president, has advised the company’s board of directors of his in ...

Read more
Agrium, PotashCorp provides update on planned merger

SASKATOON/CALGARY, CANADA: Potash Corporation of Saskatchewan Inc (PotashCorp) and Agrium Inc (AGU) provided an update on the status of the proposed m ...

Read more
Archroma acquires 26 pc additional stake in Dohmen

REINACH, SWITZERLAND: Archroma has acquired an additional 26 percent shares M Dohmen SA, an international group specializing in the production of text ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X