Omnova appoints former Chemtura’s VP as its new CEO

Omnova appoints former Chemtura’s VP as its new CEO

8:02 AM, 8th November 2016
Omnova Solutions, Anne Noonan, chief executive officer (CEO), Chemtura’s VP.
Anne Noonan (53) named as president and chief executive officer (CEO) of Omnova Solutions, effective 1 December.

BEACHWOOD, US: Omnova Solutions Inc (OMN) has appointed the current president of its performance chemicals business Anne Noonan (53) as the company’s new president and chief executive officer (CEO), effective 1 December.

Noonan brings nearly 30 years of experience in the chemicals industry. Prior to joining Omnova in 2014, she served as senior VP and president of Chemtura Corporation's industrial engineered products business. During her 27 years with Chemtura and its predecessor, she held numerous roles within the company.

She will succeed Kevin McMullen, who is stepping down as chairman, CEO and president, and as a member of the board of directors, effective 1 December to pursue other interests. Leading the company for over 61 years, he succeeded in repositioning Omnova as a leader in speciality chemicals and engineered surfaces including aggressive portfolio.

Noonan is also appointed to the company's board of directors. In connection with this leadership change, the board has determined to separate the chairman and CEO roles, electing William Seelbach as the company's independent, non-executive chairman, also effective 1 December.

McMullen (56) joined the company in 1996 as president of its decorative and building products unit. He took over as CEO of the company in 2000 and became chairman of the board in 2001. Prior to Omnova, McMullen worked for GE and McKinsey & Co.

Noonan brings nearly 30 years of experience in the chemicals industry. Prior to joining Omnova in 2014, she served as senior VP and president of Chemtura Corporation's industrial engineered products business. During her 27 years with Chemtura and its predecessor, she held numerous roles within the company.

William Seelbach (68) has been a non-executive member of Omnova's board of directors since 2002. He is a senior advisor to the Riverside Company and a senior managing director of Headwaters SC, a consulting firm for privately owned businesses. Previously, he was the president and CEO of the Ohio Aerospace Institute, a technology-focused research organization, from 2003 to 2006.

"Kevin is a high-integrity leader with strong strategic and business acumen. We are thankful for Kevin's many years of leadership and his dedicated service to Omnova. He leaves an organization with a well-designed growth strategy and strong leadership team in place. On behalf of the entire board and the company, I want to express our gratitude for a job well done and wish Kevin only the best,” said Michael Merriman, the presiding director of the Omnova board of directors.

"We are confident Anne will continue to drive enhanced value for shareholders.  She is an accomplished executive with deep knowledge of the chemicals industry and Omnova. We are pleased she has agreed to lead Omnova and we look forward to the contributions she will make to the company and the board," added Merriman.

"I am excited to have the opportunity to lead Omnova and look forward to working with this dedicated, talented team to position the Company as a premier global, innovative speciality solutions provider. Kevin has provided a solid foundation to build upon, developing and leading an organization that is committed to its customers, employees, communities and shareholders," said Noonan.

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