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), a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainability-focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers.
From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers’ unique challenges in a wide range of industries, including consumer goods, mobility, building and construction, and medical.
Trinseo’s approximately 3,400 employees bring endless creativity to reimagining the possibilities with clients all over the world from the company’s locations in North America, Europe, and Asia Pacific. Trinseo reported net sales of approximately $4.8 billion in 2021. Discover more by visiting www.trinseo.com and connecting with Trinseo on LinkedIn, Twitter, Facebook and WeChat.
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.