Chase Corporation Appoints Ellen Rubin to its Board of Directors

Rhea-AI Summary

Chase Corporation (CCF) has appointed Ellen Rubin as an independent director, effective July 14, 2022. She brings over 20 years of experience in technology leadership, having served as CEO of ClearSky Data and CloudSwitch, and as General Manager at Amazon Web Services. Rubin's expertise aligns with the company's growth strategy, particularly following the recent NuCera acquisition. The Board expects her insights to enhance decision-making and drive business expansion in high-reliability applications across various sectors.

Positive

• Ellen Rubin's extensive leadership background and CEO experience may enhance board effectiveness.
• Her knowledge aligns with Chase's growth strategy, particularly post-NuCera acquisition.

Negative

• None.

WESTWOOD, Mass.--(BUSINESS WIRE)-- Chase Corporation (NYSE American: CCF), a global specialty chemicals company that is a leading manufacturer of protective materials for high-reliability applications across diverse market sectors, announced on July 14, 2022 that the Board of Directors elected Ellen Rubin to the Board, as an independent director, effective immediately. Additionally, she will serve as a member of Chase’s Audit Committee.

Peter Chase, Chairman of the Board, commented “We are thrilled to be adding Ellen Rubin’s leadership, industry knowledge, and expertise to our Board of Directors as we continue to expand our business, drive scale, and deliver against our proven growth strategy. Ms. Rubin brings to our Board an extensive leadership background and CEO experience which she gained while scaling startups, including ClearSky Data and CloudSwitch, and as a General Manager at Amazon Web Services, which operate within the growing area of cloud computing. Ms. Rubin’s proven leadership and knowledge within the information technology space render success, and we look forward to her contribution within our Board of Directors.”

Dana Mohler-Faria, Independent Director and Chair of the Nominating Governance Committee, commented, “Ms. Rubin’s unique experience serving as CEO and Founder across multiple innovation-based organizations and hands-on capital markets activity and acquisition experience are well-aligned with Chase’s strategy and will strengthen our Board’s perspective and acumen. We look forward to working alongside Ms. Rubin on our Board of Directors.”

“I’m excited to join the Chase Corporation brand during its time of growth and expansion, especially with the recent NuCera acquisition,” Ms. Rubin said, “Chase’s market-leading products are at the core of many global industries emerging technologies, and I share the Company’s commitment to make a material difference for our customers and partners.”

Ms. Rubin brings 20 plus years of experience as a technology CEO and founder in building and scaling companies and expertise working with enterprise and global customers in manufacturing, financial services, healthcare and other industries. Ellen Rubin was CEO and Founder of ClearSky Data (acquired by Amazon), and later served as General Manager at Amazon Web Services for several hybrid cloud services. Previously, Ellen Rubin was CEO and Founder of CloudSwitch (acquired by Verizon). Earlier in her career she was VP Marketing at Netezza, a leader in the data warehousing market, that went public in 2007 and was subsequently acquired by IBM. Ellen Rubin has been recognized as one of the Top 10 Women in the Cloud by CloudNOW, and currently serves as an independent Board Director at Corvus Insurance. Ellen Rubin has an MBA from Harvard Business School.

About Chase Corporation

Chase Corporation, a global specialty chemicals company that was founded in 1946, is a leading manufacturer of protective materials for high-reliability applications throughout the world. More information can be found on our website https://chasecorp.com/

Cautionary Note Concerning Forward-Looking Statements

Certain statements in our press releases are forward-looking. These may be identified by the use of forward-looking words or phrases including, but not limited to, “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated”, “growth”, “expansion” and “potential.” The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for such forward-looking statements. To comply with the terms of the safe harbor, the Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that a variety of factors could cause the Company’s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company’s forward-looking statements. The risks and uncertainties which may affect the operations, performance, development and results of the Company’s business include, but are not limited to, the following: uncertainties relating to the timing of the acquisition and receipt of required regulatory approvals; the risk that the businesses involved in the acquisition will not be integrated successfully or that such integration may be more difficult, time-consuming or costly than expected; the risk that expected revenue synergies and cost savings from the transaction may not be fully realized or realized within the expected time frame; the risk that revenues following the acquisition may be lower than expected; uncertainties relating to operating costs, potential customer loss and business disruption following the transaction, including, without limitation, the risk that difficulties in maintaining relationships with employees, may be greater than expected; uncertainties relating to economic conditions including inflation; uncertainties relating to customer plans and commitments; the pricing and availability of equipment, materials and inventories; technological developments; performance issues with suppliers and subcontractors; economic growth; delays in testing of new products; the effectiveness of cost-reduction plans; rapid technology changes; the highly competitive environment in which the Company operates; as well as expected impact of the coronavirus disease (COVID-19) pandemic on the Company’s businesses. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. The Company does not assume any obligation to update or revise any forward-looking statement made in this release or that may from time to time be made by or on behalf of the Company. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission, including the risks and uncertainties identified in Part I, Item 1A – Risk Factors of the Company’s Annual Report on Form 10-K for the year ended August 31, 2021.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220720006035/en/

Investor & Media Contact:

Michael Cummings or Jackie Marcus

Alpha IR Group

Phone: (617) 982-0475

E-mail: CCF@alpha-ir.com



or



Shareholder & Investor Relations Department

Phone: (781) 332-0700

E-mail: investorrelations@chasecorp.com

Website: www.chasecorp.com

Source: Chase Corporation

FAQ

Who is Ellen Rubin and what is her role at Chase Corporation?

Ellen Rubin was appointed as an independent director of Chase Corporation on July 14, 2022, and will serve on the Audit Committee.

What experience does Ellen Rubin bring to Chase Corporation?

Ellen Rubin has over 20 years of experience as a technology CEO and founder, with leadership roles at ClearSky Data, CloudSwitch, and Amazon Web Services.

What impact is expected from Ellen Rubin's appointment on Chase Corporation?

Her extensive leadership and industry expertise are expected to strengthen Chase's decision-making and support its growth strategy.

What recent acquisition is mentioned in the context of Chase Corporation?

The recent acquisition mentioned is NuCera, which is expected to contribute to Chase's market growth.