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Trinseo Announces Executive Leadership Changes

Reorganization Will Accelerate Portfolio Strategy, Drive Efficiency

BERWYN, Pa. - Thursday, October 3, 2019

Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, today announced several changes to its executive leadership.  The company is eliminating the two divisional president roles and will realign its organization around a global functional structure.

“The shift of our organization to a global functional structure will drive greater focus on business process optimization and efficiency, in conjunction with our successful business services transition from Dow and information technology system separation in the first quarter of 2020,” said Frank Bozich, President and CEO of Trinseo.

Tim Stedman, Senior Vice President and Business President, has been named Senior Vice President, Strategy and Corporate Development, effective October 7, 2019.

Hayati Yarkadas, Senior Vice President and Business President, has elected to step down from his position in order to pursue other opportunities, effective October 2, 2019.

Jeff Denton, Senior Vice President, Strategy Development and Corporate Services, has been named Vice President, Supply Chain Services, effective October 7, 2019.

Tim Thomas, Operations Director, has been named Vice President, Manufacturing and Operational Excellence, effective October 7, 2019.

These roles will report to the CEO and be members of the company’s executive leadership team. A search has been initiated for the role of Senior Vice President, Commercial, which also will report to the CEO.  In the interim, the global business units will report to Bozich.

About Trinseo

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 3,100 employees. For more information, please visit: www.trinseo.com.

Cautionary Note on Forward-Looking Statements

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 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 ability to successfully execute our transformation strategy and business strategy; our ability to integrate acquired businesses; global supply chain volatility, increased costs or disruption in the supply of raw materials or increased costs for transportation of our products; the nature of investment opportunities presented to the Company from time to time; 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.

Editorial Information

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