AKRON, Ohio, Oct. 20 /PRNewswire-FirstCall/ -- A. Schulman, Inc. (NASDAQ:SHLM) announced today that Paul R. Boulier will join the Company as Senior Vice President of Marketing. The appointment is effective on October 20, 2008.
Among his responsibilities, Boulier will develop, lead and manage the global marketing and sales strategy; head the product management function; evaluate new markets for existing products; consider how A. Schulman can meet the challenges of a global marketplace; work closely with regional management teams to cultivate new markets; and develop marketing financial strategies.
"Paul is a seasoned executive who, in the course of a career that spans more than 30 years, has repeatedly demonstrated his expertise in identifying new business opportunities and growing startups into profitable divisions," said Joseph M. Gingo, Chairman, President and Chief Executive Officer. "He is also adept at driving results and innovation in sales and marketing, as well as new product development for diverse end-use markets. We are very pleased that Paul has chosen to apply these talents on behalf of A. Schulman." Boulier, 55, comes to his new position from Core Molding Technologies, a Columbus, Ohio-based custom designer/molder of reinforced composite products where he served for the past year as Vice President, Marketing and Sales. Previously, he was with Avery Dennison, a global manufacturer of pressure- sensitive adhesives and consumer products. In five years with the company, he rose to Business Manager, Industrial, with responsibility for a newly created business.
Earlier, Boulier advanced through a series of positions of increasing responsibility during a 17-year tenure with NOVA Chemicals in Pittsburgh. There, he gained experience in diverse areas, including marketing, human resources, general management, technology and corporate development.
Boulier began his career in 1974 as a Research Associate at Albany International Research in Dedham, Massachusetts. He holds a bachelor's degree in chemistry from Worcester Polytechnic Institute and a master's degree in plastics engineering from the University of Massachusetts.
"In the past year, A. Schulman has been invigorated by the efforts of its new senior management team and all of its employees," said Boulier. "It is a privilege to join Joe Gingo and his team in the ongoing drive to transform this Company and improve profitability. I look forward to contributing, notably to the development of new market and product opportunities, which management has identified as a key initiative." About A. Schulman, Inc.
Headquartered in Akron, Ohio, A. Schulman is a leading international supplier of high-performance plastic compounds and resins. These materials are used in a variety of consumer, industrial, automotive and packaging applications. The Company employs about 2,200 people and has 14 manufacturing facilities in North America and Europe (including Asia). Revenues for the fiscal year ended August 31, 2007, were $1.8 billion. Additional information about A. Schulman can be found at http://www.aschulman.com/ .
Forward-Looking Statements Certain statements in this release may constitute forward-looking statements within the meaning of the Federal securities laws. These statements can be identified by the fact that they do not relate strictly to historic or current facts. They use 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. These forward-looking statements are based on currently available information, but are subject to a variety of uncertainties, unknown risks and other factors concerning the Company's operations and business environment, which are difficult to predict and are beyond the control of the Company. 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; -- Fluctuations in the value of currencies in major areas where the Company operates, including the U.S. dollar, euro, U.K. pound sterling, Canadian dollar, Mexican peso, Chinese yuan and Indonesian rupiah; -- Fluctuations in the prices of sources of energy or plastic resins and other raw materials; -- Changes in customer demand and requirements;
-- Escalation in the cost of providing employee health care;
-- The outcome of any legal claims known or unknown;
-- The performance of the North American auto market; and
-- The North American recessionary economy. Additional risk factors that could affect the Company's performance are set forth in the Company's Annual Report on Form 10-K. 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.
This release contains time-sensitive information that reflects management's best analysis only as of the date of this release. A. Schulman does not undertake an obligation to publicly update or revise any forward- looking statements to reflect new events, information or circumstances, or otherwise. Further information concerning issues that could materially affect financial performance related to forward-looking statements can be found in A. Schulman's periodic filings with the Securities and Exchange Commission. DATASOURCE: A. Schulman, Inc.
CONTACT: Paul DeSantis, CFO and Treasurer of A. Schulman, Inc., +1-330-666-3751 Web Site: http://www.aschulman.com/
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