CLAYTON, Mo., Oct. 5, 2015 /PRNewswire/ -- Olin Corporation
(NYSE: OLN) ("Olin") announced today the
successful completion of the previously announced merger of The Dow
Chemical Company's (NYSE: DOW) ("Dow") U.S. Chlor-Alkali and Vinyl,
Global Chlorinated Organics and Global Epoxy businesses with Olin
and the election by Olin's board of directors of two new directors
to serve on Olin's board. The two new directors were
designated by Dow in connection with the Reverse Morris Trust
transaction.
Joseph D. Rupp, Olin's Chairman
and Chief Executive Officer, said, "The complementary combination
of Dow's businesses with our business creates a world leader in
chlorine-based products with significant global scale. Olin
now is the largest integrated chlor-alkali producer with top-tier
low-cost facilities and has significantly diversified its product
and geographic base.
"We're pleased to have our two new directors who have extensive
management and financial experience in the chemicals
industry. We look forward to their advice and counsel."
William H. Weideman, 61, served
as the Chief Financial Officer and Executive Vice President of Dow,
a diversified chemical company, from March
2010 to January 2015. Prior to that, he was appointed
Vice President and Corporate Controller in 2006 and Interim Chief
Financial Officer in November 2009. During his 38 years at
Dow, Mr. Weideman served in senior financial and management
roles across Dow's portfolio of businesses. He serves on the
board of directors of Sadara Chemical Company, a joint venture
developed by the Saudi Arabian Oil Company and Dow, and on the
board of trustees of Central Michigan University. He has a
bachelor's degree in Business Administration and Accounting from
Central Michigan University.
Carol A. Williams, 57, served as
a special advisor to the Chief Executive Officer of Dow until early
2015. Prior to her special advisor role, she served as Dow's
Executive Vice President of Manufacturing and Engineering, Supply
Chain and Environmental, Health & Safety Operations.
During her 34 years at Dow, Ms. Williams assumed increasingly more
significant management positions in research and development before
becoming operations leader and then Vice President for the North
American chlor-alkali assets business. She serves on the
board of directors of Owens-Illinois Inc., a manufacturing company
specializing in container glass products, and on the board of
trustees for Carnegie Mellon University. Ms. Williams has a
bachelor's degree in Chemical Engineering from Carnegie Mellon University.
Olin Corporation is a leading vertically-integrated global
manufacturer and distributor of chemical products and a leading
U.S. manufacturer of ammunition. The chemical products
produced include chlorine and caustic soda, vinyls, epoxies,
chlorinated organics, bleach and hydrochloric acid.
Winchester's principal manufacturing facilities produce and
distribute sporting ammunition, law enforcement ammunition,
reloading components, small caliber military ammunition and
components, and industrial cartridges.
Visit olin.com for more information on Olin.
2015 - 21
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SOURCE Olin Corporation