BERWYN, Pa.--(BUSINESS WIRE)--
Trinseo
(NYSE: TSE), a global materials company and manufacturer of plastics,
latex binders and synthetic rubber, today announced that Frank A. Bozich
has been named President and CEO, effective March 4, 2019.
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Frank A. Bozich has been named President and CEO, Trinseo, effective March 4, 2019. (Photo: Business Wire)
He replaces Christopher D. Pappas, who recently announced his plans to
retire following his tenure as President and CEO of Trinseo since 2010.
Pappas will transition to the role of Special Adviser to the CEO
effective March 4, in support of a smooth transition.
Stephen M. Zide, Chairman of the Board of Directors, said, “Frank Bozich
is an accomplished CEO known for his strong personal leadership and
track record of driving business growth and corporate transformation.
His breadth of experience in leading businesses in diverse and dynamic
global markets is an ideal fit with Trinseo’s strategic priorities, and
we look forward to him leading the company in its next phase of growth.”
“In addition, we thank Chris Pappas for his nearly nine years of
exemplary leadership,” Zide said. “Chris was the principal architect of
Trinseo’s culture and strategy, and during his tenure, EBITDA grew
three-fold, while the company’s EH&S performance improved as well. All
of us wish him the very best in his well-deserved retirement.”
Pappas added, “In the time I’ve gotten to know Frank Bozich, I’ve been
impressed with his knowledge of our industry and his strong leadership
capabilities. I’m confident that he will lead Trinseo very effectively
for the future, and I’m committed to support him in a smooth and
seamless transition.”
Bozich was most recently President and CEO of SI Group, a global
specialty chemical company, from 2013-2019. SI Group is headquartered in
Schenectady, New York, and operates more than 30 manufacturing
facilities on five continents, with more than $2 billion in annual sales
and more than 3,000 employees worldwide.
At SI Group, Bozich grew the company’s chemical intermediates and
specialty resins businesses in serving a wide range of market segments
including industrial and consumer goods, rubber resins, plastic
additives, adhesives, and engineering plastics. During his tenure, SI
Group completed an acquisition of businesses from Albemarle Corporation,
expanded operations in Brazil, China and the U.S., and was recognized
for accomplishments in corporate social responsibility, Responsible
Care®, and employee engagement. In 2018, SI Group was acquired by SK
Capital Partners and merged with Addivant, another portfolio company of
SK Capital.
Prior to joining SI Group, Bozich held several executive management
positions at BASF, where he served as President of BASF's Catalysts
Division; Group Vice President of Precious and Base Metal Services; and
Group Vice President of the Integration Management Office.
Prior to BASF, Bozich was Group Vice President, Enterprise Technologies
and Ventures at Engelhard Corporation, which was acquired by BASF in
2006. He has also held leadership positions at Rohm and Haas; Croda
Adhesives, Inc.; and Apex Adhesives, which he founded in 1986.
Bozich serves as a director of OGE Energy Corp. (NYSE: OGE), an
Oklahoma-based gas and electric utility company. He previously served on
the Board of Trustees of Ellis Medicine, a hospital in Schenectady, New
York.
Bozich holds a bachelor's degree in Chemistry and a master's degree in
Business Administration from the University of Chicago, as well as a
master's degree in Chemistry from the University of Illinois.
He will be based at Trinseo’s global operations center in Berwyn, PA,
U.S.A.
About Trinseo
Trinseo (NYSE: TSE) is a global materials solutions provider and
manufacturer of plastics, latex binders, and synthetic rubber. We are
focused on delivering innovative and sustainable solutions to help our
customers create products that touch lives every day — products that are
intrinsic to how we live our lives — across a wide range of end-markets,
including automotive, appliances, consumer electronics, medical devices,
electrical, building and construction, textile, paper and board,
footwear and tires. Trinseo had approximately $4.4 billion in net sales
in 2017, with 16 manufacturing sites around the world, and approximately
2,200 employees. For more information visit www.trinseo.com.
Note on Forward-Looking Statements
This press release may contain “forward-looking statements” within the
meaning of the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,” “target,”
“outlook,” “guidance,” “intend,” “plan,” “may,” “will,” “could,”
“should,” “believes,” “predicts,” “potential,” “continue,” and similar
expressions are intended to identify such forward-looking statements.
Forward-looking statements in this press release may include, without
limitation, forecasts of performance, growth, net sales, business
activity, and other matters that involve known and unknown risks,
uncertainties and other factors that may cause results, levels of
activity, performance or achievements to differ materially from results
expressed or implied by this press release. Such factors include, among
others: conditions in the global economy and capital markets; the
inability of the Company to execute on its business strategy; volatility
in costs or disruption in the supply of the raw materials utilized for
our products; loss of market share to other producers of chemical
products; compliance with laws and regulations impacting our business;
changes in laws and regulations applicable to our business; our
inability to continue technological innovation and successful
introduction of new products; system security risk issues that could
disrupt our internal operations or information technology services; the
loss of customers; the market price of the Company’s ordinary shares
prevailing from time to time; the nature of other investment
opportunities presented to the Company from time to time; and the
Company’s cash flows from operations. Additional risks and uncertainties
are set forth in the Company’s reports filed with the United States
Securities and Exchange Commission, which are available at http://www.sec.gov/
as well as the Company’s web site at http://www.trinseo.com.
As a result of the foregoing considerations, you are cautioned not to
place undue reliance on these forward-looking statements, which speak
only as of the date of this press release. All forward-looking
statements are qualified in their entirety by this cautionary statement.
The Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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Press contacts:
Trinseo
Donna St. Germain
Tel : +1
610-240-3307
Email: stgermain@trinseo.com
Makovsky
Doug Hesney
Tel: +1 212-508-9661
Email: dhesney@makovsky.com
Investor Contact:
Trinseo
David Stasse
Tel : +1
610-240-3207
Email: dstasse@trinseo.com
Source: Trinseo