Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics, latex binders and synthetic rubber, announced today that Martin Pugh, Executive Vice President and Chief Operating Officer of Trinseo, will retire effective March 1, 2017.
The COO position was established as an interim role in 2015 while Trinseo integrated a number of strategic initiatives into the business. The company will not be replacing Pugh in the COO role, as these initiatives have been completed. Tim Stedman, Senior Vice President and Business President for Basic Plastics and Feedstocks, and Hayati Yarkadas, Senior Vice President and Business President for Performance Materials, will now report directly to Chris Pappas, President and CEO of Trinseo.
“Martin is a trusted business executive, a respected industry leader, and a friend,” said Pappas. “In his four years with Trinseo, he has truly made his mark by propelling the company’s evolution and growth to become the successful enterprise it is today. His wisdom, strategic insights and leadership excellence will be missed by Trinseo colleagues and customers alike, and we wish him all the best in his retirement.”
With a career in the chemical industry spanning nearly 40 years, Pugh has made exceptional contributions through business leadership, marketing management and sales roles around the world. Pugh joined Trinseo (known as Styron at that time) in March 2013 as Senior Vice President and Business President for Plastics, and later served as SVP and Business President for Performance Materials. He moved to the EVP/Chief Operating Officer role in November 2015, where his focus was on driving strategic initiatives and cross-business optimization; leading and mentoring business leaders on key strategic opportunities; and driving corporate development priorities. Prior to joining Trinseo, Pugh held leadership roles in Styrolution Group GmbH, Ineos Nova, Nova Chemicals, and The Dow Chemical Company where he worked in the UK, Dubai, Sweden and Switzerland.
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.