Martin M Hale Retires as Innospec Director
May 06 2016 - 9:00AM
Innospec, Inc. (NASDAQ:IOSP) today announced that Martin M. Hale
has retired as a Director of the company at its Annual General
Meeting on May 4, 2016.
Mr. Hale had been a Director of Innospec, Inc. since its
original spin-out from the Great Lakes Chemical Company in 1998, of
which he was Non-Executive Chairman. During much of that time he
also undertook the critical role of Chairman of the Audit
Committee.
M. C. “Bud” Blackmore, Chairman of Innospec Inc said “Since
1998, Innospec has been transformed into a thriving and innovative
global specialty chemical company. Martin has been instrumental in
this transformation combining his financial acumen with insightful
business contributions. Martin’s passion for Innospec has
shone through at all times and the Board wish him well for the
future.”
Patrick S. Williams, President and CEO added “It has been a
privilege to work with Martin, whose Chairmanship of the Audit
Committee has helped guide our financial strategy. He leaves us in
a strong position, with little debt, a balanced and growing
portfolio of businesses and a well defined strategy we continue to
execute successfully against. On behalf of all Innospec
employees I’d like to thank Martin for his tireless commitment to
the company and support he has shown over the last 18 years.”
As previously announced, Mr. Hale will be succeeded on the Board
and the Audit Committee by David Landless, whose appointment was
confirmed by shareholders at the AGM.
About Innospec Inc.
Innospec Inc. is an international specialty
chemicals company with approximately 1300 employees in 20
countries. Innospec manufactures and supplies a wide range of
specialty chemicals to markets in the Americas, Europe, the Middle
East, Africa and Asia-Pacific. The Fuel Specialties business
specializes in manufacturing and supplying the fuel additives that
help improve fuel efficiency, boost engine performance and reduce
harmful emissions. This business also contains Oilfield
Specialties which provides specialty chemicals for oil & gas
drilling and production operations. Innospec's Performance
Chemicals business provides effective technology-based solutions
for our customers’ processes or products focused in the Personal
Care and Polymers markets. Innospec's Octane Additives
business is the world's only producer of tetra ethyl lead.
Contact:
Brian Watt
Innospec Inc.
+44-151-356-6241
Brian.Watt@innospecinc.com
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