AKRON, Ohio, Aug. 3, 2015 /PRNewswire/
-- A. Schulman, Inc. (Nasdaq: SHLM) announced that
Melinda Reynolds has been named Vice
President of Global Tax, responsible for the overall administration
of the worldwide tax function and strategic tax planning. She will
report directly to Joe Levanduski,
Executive Vice President and Chief Financial Officer of A.
Schulman.
"With the growing complexity of taxes around the globe, it was
imperative that the new leader of our tax organization bring
international tax planning expertise to A. Schulman," Levanduski
said. "Melinda brings nearly 30 years of international tax
experience, with a strong emphasis on strategic tax planning, to
the Company. We are excited to have someone of Melinda's caliber
join A. Schulman as we continue to drive earnings growth and
shareholder value."
Reynolds joins A. Schulman from Eaton Corporation, a
$24 billion power management company,
where she served as Senior Director, International Tax Strategy.
During the course of her career, Reynolds has held managerial
positions with Deloitte Tax LLP, Baker & Hostetler LLP, The
Lincoln Electric Company, and Ernst & Young LLP.
Reynolds earned a Juris Doctor degree, summa cum laude,
from Case Western Reserve University
School of Law and a Bachelor of Business Administration degree,
summa cum laude, from Cleveland State
University. She is an author and frequent speaker on tax
topics and has served as officer or chair of The Tax Club of
Cleveland, The Cleveland Tax
Institute, and The Cleveland International Tax Forum.
About A. Schulman, Inc.
A. Schulman, Inc. is a
leading international supplier of high-performance plastic
compounds and resins headquartered in Akron, Ohio. Since 1928, the Company has been
providing innovative solutions to meet its customers' demanding
requirements. The Company's customers span a wide range of markets
such as packaging, mobility, building & construction,
electronics & electrical, agriculture, personal care &
hygiene, sports, leisure & home, custom services and others.
The Company employs approximately 5,000 people and has 60
manufacturing facilities globally. A. Schulman reported net sales
of approximately $2.5 billion for the
fiscal year ended August 31, 2014.
Additional information about A. Schulman can be found at
www.aschulman.com.
Cautionary Statements
A number of the matters
discussed in this document that are not historical or current facts
deal with potential future circumstances and developments and may
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by the fact that they do not relate
strictly to historic or current facts and relate to future events
and expectations. Forward-looking statements contain such words as
"anticipate," "estimate," "expect," "project," "intend," "plan,"
"believe," and other words and terms of similar meaning in
connection with any discussion of future operating or financial
performance. Forward-looking statements are based on management's
current expectations and include known and unknown risks,
uncertainties and other factors, many of which management is unable
to predict or control, that may cause actual results, performance
or achievements to differ materially from those expressed or
implied in the forward-looking statements. Important factors that
could cause actual results to differ materially from those
suggested by these forward-looking statements, and that could
adversely affect the Company's future financial performance,
include, but are not limited to, the following:
- worldwide and regional economic, business and political
conditions, including continuing economic uncertainties in some or
all of the Company's major product markets or countries where the
Company has operations;
- the effectiveness of the Company's efforts to improve operating
margins through sales growth, price increases, productivity gains,
and improved purchasing techniques;
- competitive factors, including intense price competition;
- fluctuations in the value of currencies in areas where the
Company operates;
- volatility of prices and availability of the supply of energy
and raw materials that are critical to the manufacture of the
Company's products, particularly plastic resins derived from oil
and natural gas;
- changes in customer demand and requirements;
- effectiveness of the Company to achieve the level of cost
savings, productivity improvements, growth and other benefits
anticipated from acquisitions, joint ventures and restructuring
initiatives;
- escalation in the cost of providing employee health care and
retirement benefits;
- uncertainties regarding the resolution of pending and future
litigation and other claims;
- the performance of the global automotive market as well as
other markets served;
- further adverse changes in economic or industry conditions,
including global supply and demand conditions and prices for
products;
- operating problems with our information systems as a result of
system security failures such as viruses, cyber-attacks or other
causes;
- the impact of the indebtedness incurred to finance the
transaction;
- integration of the business of Citadel with our existing
business, including the risk that the integration will be more
costly or more time consuming and complex than anticipated;
- our ability to achieve the anticipated synergies, cost savings
and other benefits from the acquisition of Citadel;
- transaction and acquisition-related costs incurred in
connection with the acquisition of Citadel and related
transactions; and
- substantial time devoted by management to the integration of
the Citadel acquisition.
The risks and uncertainties identified above are not the only
risks the Company faces. Additional risk factors that could affect
the Company's performance are set forth in the Company's Annual
Report on Form 10-K for the fiscal year ended August 31, 2014, as amended and superseded in
part by the Company's Current Report on Form 8-K filed on
April 27, 2015. In addition, risks
and uncertainties not presently known to the Company or that it
believes to be immaterial also may adversely affect the Company.
Should any known or unknown risks or uncertainties develop into
actual events, or underlying assumptions prove inaccurate, these
developments could have material adverse effects on the Company's
business, financial condition and results of operations.
SHLM_All
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SOURCE A. Schulman, Inc.