Corporate News

October 03, 2019

Trinseo Announces Executive Leadership Changes

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), 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.

Forward Looking Statements:

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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 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 future results to differ from those expressed by the forward-looking statements 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.