HOUSTON--(BUSINESS WIRE)--Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier of specialty and high-performance Carbon Black, announced that the Company’s shareholders elected three new independent members to its Board of Directors at its recent 2020 Annual General Meeting of Shareholders. The new independent directors are Ms. Mary Lindsey, retired Chief Financial Officer of Commercial Metals Company, Dr. Yi Hyon Paik, former President and Chief Strategy Officer of Samsung SDI Company and Mr. Michel Wurth, chairman of ArcelorMittal Luxembourg.
"I am delighted to welcome these three very reputable and talented individuals to the Orion Board. Mary, Yi Hyon and Michel bring an extensive range of experiences to our Board and will complement the diverse skills of our strong board of directors team. They will be excellent additions to the Board committees on which they will serve. We look forward to leveraging their expertise, leadership and guidance as we oversee the Company’s value creation strategy," said Dan F. Smith, Chairman of the Board of Orion Engineered Carbons.
About Mary Lindsey
Ms. Lindsey served as Vice President and Chief Financial Officer of Commercial Metals Company, a global manufacturer and recycler of steel and other metals, from January 2016 until September 2017, at which time she was promoted to Senior Vice President and Chief Financial Officer until her retirement in August 2019. In addition, Ms. Lindsey served as Vice President-Tax from 2009 to 2016. Also, Ms. Lindsey spent twenty years at The Timken Company starting as a Corporate Attorney and then moving into various roles, including business strategy, until her promotion to Vice President, Tax and Tax Counsel before departing in 2005. Ms. Lindsey currently serves as a Director and chair of the Audit Committee of Lindsay Corporation, and as a Director of Methode Electronics, Inc., U.S.A.
About Yi Hyon Paik
Dr. Paik was the President and Chief Strategy Officer of Samsung SDI Company from March 2014 to April 2016. Prior to Samsung SDI Company, he was the Executive Vice President and Head of Electronic Materials Business at Samsung Cheil Industries from 2010 to 2013. From 2009 to 2010, Dr. Paik worked at the Dow Chemical Company as its Business Group Vice President and Head of Electronic Materials Business. Before the Dow Chemical Company, he served at the Rohm and Haas Company as Business Group Vice President and President of the Electronic Materials Business. He served on the Board of Versum Materials, Inc. from 2016 until the company was acquired by Merck KGaA in October 2019.
About Michel Wurth
Mr. Wurth is chairman of ArcelorMittal Luxembourg and a non-independent board member of ArcelorMittal S.A., the largest steel and mining company in the world. He has served most of his professional career within ArcelorMittal and its predecessor companies, Arcelor and ARBED. Between 2006 and 2014, he was Senior Executive Vice President and member of the Group Management Board of ArcelorMittal, successively in charge of Flat Carbon Steel Europe, Global Automotive, R&D and Long Carbon steel worldwide. He was CFO of Arcelor starting from 2002 to 2006 and occupied different functions at ARBED prior to 2002, CFO and Corporate Secretary. He serves several private companies as a non-executive board member. He is member of the Council of the Luxembourg Central Bank. He also is vice-chairman of the Luxembourg Red Cross and of Foundation des Hôpitaux Robert Schuman. He was Chairman of the Luxembourg Chamber of Commerce and of Union des Entreprises Luxembourgeoises between 2004 and 2019.
About Orion Engineered Carbons S.A.:
Orion is a worldwide supplier of Carbon Black. We produce a broad range of Carbon Blacks that include high-performance Specialty Gas Blacks, Acetylene Blacks, Furnace Blacks, Lamp Blacks, Thermal Blacks and other Carbon Blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, tires, and mechanical rubber goods such as automotive belts and hoses. Orion runs 14 global production sites. The group has approximately 1,450 employees worldwide. For more information, please visit our website www.orioncarbons.com.
Note on Forward Looking Statements
This press release may contain and refer to certain forward-looking statements. These statements may constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual developments, results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among others, statements concerning the potential exposure to market risks, statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions and statements that are not limited to statements of historical or present facts or conditions. You should not place undue reliance on forward looking statements. They are based on estimates and assumptions that, although believed to be reasonable, are inherently uncertain. Forward-looking statements are typically identified by words such as “anticipate,” "assume," “assure,” “believe,” “confident,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “objectives,” “outlook,” “probably,” “project,” “will,” “seek,” “target” “to be,” and other words of similar meaning.
