THE WOODLANDS, Texas,
Dec. 19, 2017 /PRNewswire/
-- Huntsman Corporation (NYSE: HUN) announced today that
Peter Huntsman, President and Chief
Executive Officer, has been elected Chairman of the Board of
Directors of the Company, an additional role he will assume as of
January 1, 2018. The Company's
founder, Jon M. Huntsman, will be
stepping down as Executive Chairman on December 31, 2017 and the role of Executive
Chairman will be eliminated. After serving as Executive Chairman of
the company he founded 48 years ago, Mr. Huntsman will continue to
serve on the Board of Directors as a Director and Chairman
Emeritus.
New Chairman of the Board and CEO Peter
Huntsman commented:
"I am honored to be taking on this responsibility at a time
when the Company has never been stronger and had more opportunities
before it. This will be a smooth transition as our founder,
my father, will continue in a valuable capacity as a Board member,
maintaining vital relations with customers, suppliers, and policy
makers as well as sharing his total 56 years of industry
experience."
Jon Huntsman, Sr. further
commented:
"It's a high honor to turn the chairmanship role over to
Peter Huntsman, who I consider to be
one of the world's outstanding CEO's. Huntsman Corporation
will continue to experience its sound growth and strong financial
controls under Peter's experienced oversight. It has been
both a great challenge and a special privilege to be chairman for
almost half a century."
About Huntsman:
Huntsman Corporation is a publicly
traded global manufacturer and marketer of differentiated and
specialty chemicals with 2016 revenues of approximately
$7 billion. Our chemical
products number in the thousands and are sold worldwide to
manufacturers serving a broad and diverse range of consumer and
industrial end markets. We operate more than 75 manufacturing,
R&D and operations facilities in over 30 countries and employ
approximately 10,000 associates within our four distinct business
divisions. For more information about Huntsman, please visit the
company's website at www.huntsman.com.
Social Media:
Twitter:
www.twitter.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn:
www.linkedin.com/company/huntsman
Forward-Looking Statements:
Statements in this
release that are not historical are forward-looking statements.
These statements are based on management's current beliefs and
expectations. The forward-looking statements in this release are
subject to uncertainty and changes in circumstances and involve
risks and uncertainties that may affect the company's operations,
markets, products, services, prices and other factors as discussed
in the Huntsman companies' filings with the U.S. Securities and
Exchange Commission. Significant risks and uncertainties may relate
to, but are not limited to, volatile global economic conditions,
cyclical and volatile product markets, disruptions in production at
manufacturing facilities, reorganization or restructuring of
Huntsman's operations, the ability to implement cost reductions and
manufacturing optimization improvements in Huntsman businesses, and
other financial, economic, competitive, environmental, political,
legal, regulatory and technological factors. The company assumes no
obligation to provide revisions to any forward-looking statements
should circumstances change, except as otherwise required by
applicable laws.
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SOURCE Huntsman Corporation