Huntsman Names New President Of Performance Products Division
THE WOODLANDS, Texas, June 4, 2015 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today announced that Monte Edlund will succeed Stu Monteith as president of Huntsman's Performance Products division (HPP), effective July 1.
Most recently vice president for the Americas region in Huntsman's Advanced Materials division, Edlund joined Huntsman with the acquisition of the Rexene Corporation and has been a senior leader with the company since 1997, when he was appointed vice president-polymers. Prior to his role in Advanced Materials, Edlund served as vice president of global specialty textiles for Huntsman's Textile Effects division based in Singapore.
After more than 35 years' experience in the chemical industry, 21 of them with Huntsman, Monteith elected to retire as of August 31. He joined Huntsman in 1994 and served as the division's vice president for global markets and business development before being named Performance Products division president in 2011.
Huntsman President and CEO Peter Huntsman said: "Performance Products division has experienced tremendous growth under Stu Monteith's leadership, and we appreciate his many contributions to the corporation over these past 21 years. Having known and worked as closely with Monte Edlund as long as I have, I am confident that he will lead HPP to reach new heights."
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2014 revenues of approximately $13 billion including the acquisition of Rockwood's performance additives and titanium dioxide businesses. 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 100 manufacturing and R&D facilities in more than 30 countries and employ approximately 16,000 associates within our 5 distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com.
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, 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
Released June 4, 2015