Huntsman Corporation announced that it has appointed David B. Sewell to its Board of Directors. Mr. Sewell at this time serves as Main Executive Officer of WestRock Firm, was the Main Operating Officer of The Sherwin-Williams Firm, and delivers almost 15 years of senior leadership and operational encounter at main resources firms to the Huntsman Board. Today’s announcement provides Huntsman’s multi-calendar year Board director succession system closer to completion and follows the announcement of quite a few modern strategic steps the Organization has taken to guidance the money and operational goals it outlined at its November Investor Day.
“Since Investor Day when we declared bold new financial targets, our Board has continued to oversee a sequence of substantial initiatives to achieve individuals aims. As section of a extensive tactic to boost shareholder worth, we have launched a strategic evaluate of the Textile Results Division to advance our concentrate on portfolio enhancement and applied an incentive payment plan for all Huntsman officers and vice presidents to carefully align their interests with the realization of the Investor Day targets, together with margin enlargement, price optimization, and income movement delivery,” said Peter R. Huntsman, Chairman, President, and CEO. “We are happy to welcome David to the Huntsman Board. He is a established operator in the supplies and chemical substances industries with a solid monitor report of driving profitable integration charge reduction initiatives and financially rewarding advancement. We search forward to functioning carefully with him and the rest of our Board to construct on our robust momentum.”
Mr. Sewell claimed, “I am psyched to be part of the Huntsman Board and start doing the job with my fellow directors and the Company’s administration team. This board delivers large experience to Huntsman, and I appear forward to taking part fully as we choose more measures with each other to fortify the Company’s aggressive posture and unlock supplemental benefit for shareholders.”
The appointment of Mr. Sewell signifies the sixth independent director added to the Huntsman Board in the last 18 months.