Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, today announced that Philip R. Martens and Ruth Springham will join the company’s Board of Directors, effective September 1, 2016.
Phil Martens is the former CEO of Novelis, an $11 billion aluminum producer based in the U.S. In 2013, Martens received the CEO of the Year award at the Platt Global Metals Awards. Prior to joining Novelis, Martens held various senior executive roles at ArvinMeritor and Ford Motor Company. Mr. Martens serves as Chairman of the Board of Graphic Packaging Holding Company (NYSE: GPK), a leading provider of packaging solutions for a wide variety of products to food, beverage and other consumer products companies, where he has been director since November 2013. Additionally, he has been a director at Plexus Corporation (NASDAQ: PLXS) since November 2010. Mr. Martens holds an MBA from the University of Michigan and a Bachelor of Science degree in mechanical engineering from Virginia Polytechnic Institute.
“We are extremely pleased to welcome directors of Phil and Ruth’s caliber to the Trinseo Board of Directors,” said Chris Pappas, president and CEO of Trinseo. “Phil has extensive senior executive experience at manufacturing companies with worldwide operations as well as significant public board experience. Ruth’s directorship experiences will provide Trinseo with ongoing corporate governance expertise. Phil and Ruth will be valuable additions to our continued development as an independent publicly traded company.”
Trinseo (NYSE: TSE) is a global materials solutions provider and manufacturer of plastics and latex binders with a focus on delivering innovative, sustainable, and value-creating products that are intrinsic to our daily lives. Trinseo is dedicated to making a positive impact on society by partnering with like-minded stakeholders, and supporting the sustainability goals of our customers in a wide range of end-markets including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, and building and construction. Trinseo had approximately $4.8 billion in net sales in 2021 and has 26 manufacturing sites and one recycling facility around the world and approximately 3,400 employees. For more information, please visit: www.trinseo.com.
This 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,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future, including risks and uncertainties relating to the consummation of the proposed offering by the Selling Shareholder and the repurchase by the Company and the risks identified, or incorporated by reference, in the prospectus supplement or accompanying prospectus. 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 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.