Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics, latex binders and synthetic rubber, today announced that Barry J. Niziolek, Executive Vice President and Chief Financial Officer, has announced his plans to retire around mid-year 2019.
Trinseo’s Board of Directors engages in ongoing succession planning discussions. They are evaluating internal and external candidates, and intend to name a successor as soon as practicable.
“On behalf of the Board, I want to thank Barry for his leadership in strengthening the Company’s financial performance, compliance programs and operational discipline during his tenure as Trinseo’s CFO,” said Chris Pappas, President and CEO of Trinseo. “We will miss his counsel and we wish him all the best in his well-deserved retirement.”
About Barry Niziolek
Barry Niziolek joined Trinseo in June of 2016 as Executive Vice President and Chief Financial Officer of the Company. In this role, Niziolek is responsible for corporate financial reporting, audit, treasury, tax, internal controls and corporate governance. During his tenure, Niziolek led initiatives in the company’s capital allocation, corporate governance, investor communications and interactions, aligning business strategic planning with annual budgeting, and more closely integrating finance with business activities.
Prior to joining Trinseo, Niziolek was Vice President and Controller at DuPont, where he had extensive experience in finance leadership, governance and compliance, board interactions, mergers and acquisitions, risk management, corporate planning, new business development, and investor relations. During his 34 years at DuPont, Niziolek held a wide range of Finance roles, including CFO for the titanium dioxide and coatings businesses, as well as CFO for the crop protection business. He also served as CFO for DuPont’s Mexico operations, where he was based in Mexico City. Other DuPont assignments included investor relations, information systems, business analysis and accounting. He began his career at KPMG as a Senior Auditor.
Niziolek holds a Master of Business Administration from the University of Delaware and a Bachelor’s degree in Accounting from Wilkes University. He is a Certified Public Accountant. Barry and his wife Susan live in Delaware; together, they have five children, two beautiful grand-daughters, and a third on the way.
Trinseo (NYSE:TSE) is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber 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, building and construction, and tires. Trinseo had approximately $3.0 billion in net sales in 2020, with 17 manufacturing sites around the world, and approximately 2,600 employees. For more information, please visit: www.trinseo.com.
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This press release may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Forward-looking statements may be identified by the use of words like "expect," "anticipate," "intend," "forecast," "outlook," "will," "may," "might," "see," "tend," "assume," "potential," "likely," "target," "plan," "contemplate," "seek," "attempt," "should," "could," "would" or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on our current expectations and assumptions regarding the timing of the proposed acquisition of the Arkema MMA and PMMA business (the "Acquisition"); estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities and cost synergies relating to the Acquisition, our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause such a difference include, but are not limited to, our failure to complete the Acquisition or meet the conditions to closing, including antitrust, works council and other regulatory approvals; the failure to obtain the financing necessary to fund the Acquisition and the impact of the substantial indebtedness to be incurred; costs related to the Acquisition; following the Acquisition, our ability to successfully integrate the acquired businesses, generate expected cost savings and synergies, maintain relationships with customers, retain key employees and profitably grow the business; and those factors discussed in our Annual Report on Form 10-K, under Part I, Item 1A —"Risk Factors" and elsewhere in our other reports, filings and furnishings made with the U.S. Securities and Exchange Commission from time to time. As a result of these or other factors, our actual results may differ materially from those contemplated by the forward-looking statements. Therefore, we caution you against relying on any of these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.