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Huntsman Corporation (NYSE: HUN) announced today that Sean Douglas, 56, has notified the Company he intends to resign as Executive Vice President and Chief Financial Officer and accept a full-time calling to The Church of Jesus Christ of Latter-day Saints. The effective date of Mr. Douglasand#39; resignation will be July 1, 2021.
"On behalf of Huntsman, I want to thank Sean for his very many contributions over the past 30 years," said Peter Huntsman, Chairman of the Board, President and CEO. "During his long career, Sean has done everything we have ever asked him to do with the highest level of professional competence and ethical clarity. He has played an instrumental role in supporting the execution of the Companyand#39;s strategic vision, transforming our balance sheet into an investment grade and transitioning our product portfolio to more downstream, differentiated, and specialty chemical products. He has been a great role model for all our associates and he is my close friend. All of us wish Sean success in this next chapter of his life."
The Company has initiated a search for a permanent Chief Financial Officer with the credibility, capability, and qualifications to continue effective execution of its financial and business strategies and is evaluating both internal and external candidates at this time. Mr. Huntsman expects to have the new CFO in place before the July 1, 2021 effective date of Seanand#39;s resignation.
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2020 revenues of approximately $6 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 70 manufacturing, RandD and operations facilities in approximately 30 countries and employ approximately 9,000 associates within our four distinct business divisions. For more information about Huntsman, please visit the companyand#39;s website at www.huntsman.com.
April 05, 2021
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