PolyOne Board Elects Richard A. Lorraine and William H. Powell as Directors
October 01 2008 - 5:05PM
PR Newswire (US)
CLEVELAND, Oct. 1 /PRNewswire-FirstCall/ -- PolyOne Corporation
(NYSE: POL), a premier global provider of specialized polymer
materials, services and solutions, today announced that its Board
of Directors has elected Richard A. Lorraine and William H. Powell
as directors of the Company, expanding the board to 11 members.
Lorraine, 62, has more than 13 years of experience in the specialty
chemicals industry. He joined Eastman Chemical Company in 2003 and
retired as its senior vice president and chief financial officer on
September 1, 2008. Prior to joining Eastman Chemical, he was the
executive vice president and chief financial officer of Occidental
Chemical Company. Powell, 62, has more than 32 years of experience
in the specialty chemicals industry. He joined National Starch and
Chemical Company in 1976 and served as its chairman and chief
executive officer from 1999 until his retirement in 2006. "We are
pleased to welcome both Rich and Bill to our board as independent
directors," said Stephen D. Newlin, PolyOne chairman, president and
chief executive officer. "Both bring outstanding qualifications,
industry experience and expertise that will be extremely valuable
as we pursue our strategy to deliver profitable growth for our
shareholders." Lorraine serves on the board of Carus Corporation.
He received a Bachelor of Science degree in accounting from New
York University. He also has the distinguished honor of receiving
the prestigious Senior Financial Officer (SFO) award issued by
Chemical Week in 2007. Powell serves on the boards of Arch
Chemicals, Inc. and Granite Construction. He also served on the
board of ICI Plc from 2000 until 2006. He received a Bachelor of
Science degree in chemistry and a Master of Science degree in
chemical engineering from Case Western Reserve University, and a
Master of Business Administration from the University of North
Dakota. About PolyOne PolyOne Corporation, with annual revenues of
more than $2.7 billion, is a premier provider of specialized
polymer materials, services and solutions. Headquartered outside of
Cleveland, Ohio USA, PolyOne has operations around the world. For
additional information on PolyOne, visit our new Web site at
http://www.polyone.com/. DATASOURCE: PolyOne Corporation CONTACT:
Investor Contact: Robert M. Patterson, Senior Vice President and
Chief Financial Officer, +1-440-930-3302, or Media Contact: Amanda
Marko, Director, Corporate Communications, +1-440-930-3162, both of
PolyOne Corporation Web site: http://www.polyone.com/
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