CLEVELAND, March 16, 2020 /PRNewswire/ -- In
anticipation of closing the acquisition of Clariant Masterbatch
later this year, PolyOne Corporation, (NYSE:POL) is announcing
several changes that will subsequently take place within its
leadership team.
Given the size and scope of the pending acquisition of
Clariant's masterbatch business, the company will establish two
leadership roles with designated regional responsibilities for
PolyOne's Color, Additives and Inks segment.
Woon Keat Moh will serve as
President of Color, Additives and Inks, for the Americas and
Asia regions.
In a new appointment and role, Michael
A. Garratt, Senior Vice President, Chief Commercial Officer,
will serve as President of Color, Additives and Inks, for the
Europe, Middle East and Africa (EMEA) region.
With 30 years of experience in the specialty polymer sector, Mr.
Garratt joined PolyOne in 2013 as president of Performance Products
& Solutions (PP&S), a position he held until his
appointment to Chief Commercial Officer in 2016. Prior to joining
PolyOne he held the positions of President at Marmon Utility and
Chief Operating Officer of Excel Polymers.
Mr. Garratt's specialty materials career began with the Dow
Chemical Company and later DuPont Dow Elastomers, a global joint
venture, where he lived in Switzerland for four years and had
responsibility for the EMEA region. Originally from the U.K.,
Mr. Garratt earned a bachelor's degree in applied chemistry from
McMaster University in Hamilton, Ontario, Canada, and an MBA from the
University of Toronto, in Toronto, Ontario, Canada.
John Midea, Senior Vice President
of Global Operations and Process Improvement, will serve as the
Integration Leader for the acquisition. Mr. Midea will oversee a
cross-functional committee of associates from both companies who
will lead the integration.
Mr. Midea has served at PolyOne since 2015 and has successfully
led the company's EH&S, Operations, Sourcing, Logistics and
Lean Six Sigma efforts. He will continue to serve in these
capacities for the company.
Messrs. Midea, Garratt and Moh will work collaboratively to both
ensure integration and organic business success of the global
Color, Additives and Inks segment.
Cathy K. Dodd, Vice President,
Marketing, is being promoted to Senior Vice President, Chief
Commercial Officer, replacing Mr. Garratt.
Ms. Dodd joined PolyOne in 2014 and has since led the company's
marketing efforts to capture and communicate the immense value
PolyOne brings to customers and the full suite of innovative
materials and services that enable their sustainability goals. She
has led strategic insights and market research, re-invigorated the
company's Inside Sales function, and launched a focus on the
customer experience that will continue to differentiate PolyOne, as
she takes on this expanded role. Prior to PolyOne, Ms. Dodd served
in various roles at Eastman Chemical Company, Honeywell and Ashland
Oil. Ms. Dodd earned a bachelor's degree in business administration
in marketing and management from the University of Kentucky in Lexington, Kentucky.
"I'm very excited for these proven leaders at PolyOne to expand
their roles, serve our customers, and inspire our global
associates," said Robert M.
Patterson, Chairman, President and Chief Executive Officer.
"As we await the final regulatory approvals that will facilitate
the close of the Clariant Masterbatch acquisition, our team is
eagerly preparing to welcome our newest employees and customers to
PolyOne."
About PolyOne
PolyOne Corporation (NYSE: POL), with 2019 revenues of
$2.9 billion, is a premier provider
of specialized polymer materials, services and solutions. The
company adds value to global customers and improves sustainability
through formulating materials, such as:
- Barrier technologies that preserve the shelf-life and quality
of food, beverages, medicine and other perishable goods through
high-performance materials that require less plastic
- Light-weighting solutions that replace heavier traditional
materials like metal, glass and wood, which can improve fuel
efficiency in all modes of transportation
- Breakthrough technologies that minimize wastewater and improve
the recyclability of materials and packaging across a spectrum of
end uses
PolyOne employs approximately 5,600 associates and is certified
ACC Responsible Care® and a founding member of the Alliance to End
Plastic Waste. For more information, visit
www.polyone.com.
To access PolyOne's news library online, please visit
www.polyone.com/news.
Forward-looking Statements
In this press release, statements that are not reported
financial results or other historical information are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements give current expectations or forecasts of future events
and are not guarantees of future performance. They are based on
management's expectations that involve a number of business risks
and uncertainties, any of which could cause actual results to
differ materially from those expressed in or implied by the
forward-looking statements. They use words such as "will,"
"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
condition, performance and/or sales. Factors that could cause
actual results to differ materially from those implied by these
forward-looking statements include, but are not limited to: the
time required to consummate the acquisition of Clariant's
masterbatch business; the satisfaction or waiver of conditions in
the Clariant masterbatch purchase agreements; any material adverse
changes in Clariant's masterbatch business; the ability to obtain
required regulatory or other third-party approvals and consents and
otherwise consummate the acquisition of Clariant's masterbatch
business; our ability to achieve the strategic and other objectives
relating to the acquisition of Clariant's masterbatch business,
including any expected synergies; and our ability to successfully
integrate Clariant's masterbatch business and achieve the expected
results of the acquisitions, including, without limitation, the
acquisitions being accretive. The above list of factors is not
exhaustive.
View original
content:http://www.prnewswire.com/news-releases/polyone-announces-leadership-appointments-301024927.html
SOURCE PolyOne Corporation