FutureFuel Announces Appointment of New Director
FutureFuel Corp. (NYSE: FF) has announced the appointment of Richard P. Rowe as a new Class B member of its Board of Directors, effective August 13, 2024. Rowe brings extensive experience in the specialty chemicals and materials industries, having served as President and CEO of Arkema Inc. from 2015 to 2021. He currently leads RPR Global Solutions, , an advisory firm in the sector.
Rowe's appointment comes with standard compensation arrangements, including pro-rated director compensation for 2024 and an option to purchase 10,000 shares of FutureFuel's common stock. This stock option, granted under the company's 2017 Omnibus Incentive Plan, will expire in August 2029. The appointment strengthens FutureFuel's board with Rowe's industry expertise and leadership experience.
FutureFuel Corp. (NYSE: FF) ha annunciato la nomina di Richard P. Rowe come nuovo membro di Classe B del suo Consiglio di Amministrazione, a partire dal 13 agosto 2024. Rowe porta un'ampia esperienza nei settori delle materie chimiche speciali e dei materiali, avendo ricoperto il ruolo di Presidente e CEO di Arkema Inc. dal 2015 al 2021. Attualmente guida RPR Global Solutions, una società di consulenza nel settore.
La nomina di Rowe avviene con disposizioni standard di compenso, tra cui una compensazione per i direttori proporzionata per il 2024 e un'opzione per acquistare 10.000 azioni ordinarie di FutureFuel. Questa opzione azionaria, concessa nell'ambito del Piano Omnibus di Incentivazione del 2017 dell'azienda, scadrà nell'agosto del 2029. La nomina rafforza il consiglio di FutureFuel grazie all'esperienza nel settore e alle capacità di leadership di Rowe.
FutureFuel Corp. (NYSE: FF) ha anunciado el nombramiento de Richard P. Rowe como nuevo miembro de Clase B de su Junta Directiva, efectivo el 13 de agosto de 2024. Rowe aporta una amplia experiencia en las industrias de productos químicos especiales y materiales, habiendo sido Presidente y CEO de Arkema Inc. desde 2015 hasta 2021. Actualmente dirige RPR Global Solutions, una firma de consultoría en el sector.
El nombramiento de Rowe incluye disposiciones estándar de compensación, que incluyen una compensación prorrateada para directores para 2024 y una opción para comprar 10,000 acciones comunes de FutureFuel. Esta opción de acciones, otorgada bajo el Plan de Incentivos Omnibus de 2017 de la empresa, expirará en agosto de 2029. El nombramiento fortalece la junta de FutureFuel con la experiencia en la industria y la capacidad de liderazgo de Rowe.
FutureFuel Corp. (NYSE: FF)는 Richard P. Rowe를 2024년 8월 13일부터 이사회 클래스 B의 새로운 멤버로 임명했다고 발표했습니다. Rowe는 특수 화학 및 재료 산업에서 광범위한 경험을 가지고 있습니다, 2015년부터 2021년까지 Arkema Inc.의 대통령 겸 CEO로 재직했습니다. 현재 그는 해당 분야의 자문 회사인 RPR Global Solutions를 이끌고 있습니다.
Rowe의 임명은 2024년의 비례 배분된 이사 보상과 FutureFuel의 보통주 10,000주를 구매할 수 있는 옵션을 포함한 표준 보상 조건을 수반합니다. 이 주식 옵션은 회사의 2017년 포괄적 인센티브 계획에 따라 부여되며, 2029년 8월에 만료됩니다. 이 임명은 Rowe의 산업 전문성과 리더십 경험으로 FutureFuel의 이사회를 강화합니다.
FutureFuel Corp. (NYSE: FF) a annoncé la nomination de Richard P. Rowe en tant que nouveau membre de la classe B de son conseil d'administration, à compter du 13 août 2024. Rowe apporte une vaste expérience dans les secteurs des produits chimiques spécialisés et des matériaux, ayant été président et PDG d'Arkema Inc. de 2015 à 2021. Il dirige actuellement RPR Global Solutions, une société de conseil dans le secteur.
La nomination de Rowe s'accompagne d'arrangements de compensation standard, incluant une compensation au prorata pour les directeurs pour 2024 et une option d'achat de 10 000 actions ordinaires de FutureFuel. Cette option d'achat d'actions, accordée dans le cadre du Plan d'Incentives Omnibus 2017 de l'entreprise, expirera en août 2029. Cette nomination renforce le conseil d'administration de FutureFuel grâce à l'expertise sectorielle et à l'expérience en leadership de Rowe.
Die FutureFuel Corp. (NYSE: FF) hat die Ernennung von Richard P. Rowe als neues Mitglied der Klasse B in ihrem Vorstand bekannt gegeben, die am 13. August 2024 wirksam wird. Rowe bringt umfangreiche Erfahrung in den Spezialchemikalien- und Materialindustrien mit, da er von 2015 bis 2021 Präsident und CEO von Arkema Inc. war. Derzeit leitet er RPR Global Solutions, eine Beratungsfirma im Sektor.
Rowes Ernennung erfolgt mit standardmäßigen Vergütungsvereinbarungen, zu denen eine anteilige Direktorvergütung für 2024 und eine Option zum Kauf von 10.000 Aktien der FutureFuel-Stammaktien gehören. Diese Aktienoption, die im Rahmen des Unternehmensplans von 2017 gewährt wurde, läuft im August 2029 aus. Die Ernennung stärkt den Vorstand von FutureFuel mit Rowes Branchenkenntnis und Führungserfahrung.
- Appointment of Richard P. Rowe, an experienced industry executive, to the Board of Directors
- Rowe brings over 20 years of leadership experience in the specialty chemicals and materials industries
- Rowe's extensive industry connections and board experience may benefit FutureFuel's strategic direction
- None.
CLAYTON, Mo., Aug. 14, 2024 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) (“FutureFuel” or the “Company”), a manufacturer of custom and performance chemicals and biofuels, announced today that its Board of Directors (the “Board”) appointed Richard P. Rowe effective August 13, 2024 as a Class B member of the Board until his successor is duly elected and qualified or until his earlier death, resignation or removal.
Mr. Rowe has served as President of RPR Global Solutions, LLC, an advisory firm that provides advisory services to companies in the specialty chemicals and materials industries, since February 2022. After serving in various leadership positions for over 20 years at Arkema, S.A., a multi-national manufacturer of specialty materials and chemicals, Mr. Rowe served as President and Chief Executive Officer of Arkema Inc., a North American subsidiary of Arkema S.A., from July 2015 through November 2021, and served on the boards of various subsidiaries of Arkema S.A., such as Arkema Mexico Arkema Canada, and Bostik Inc., and Arkema joint ventures such as Arkema-Yoshitomi (Japan), Nitta-Findley (Japan), and Seki-Arkema (Korea). Mr. Rowe chaired the Global Fluorochemical Producers Forum and served on the American Chemistry Council Board as well as its Responsible Care and Sustainability committees for more than six years. Mr. Rowe serves as Vice President of Pediatric Pharmaceuticals and also as Vice President of Club Longboat Beach & Tennis.
There are no arrangements between Mr. Rowe and any other person pursuant to which he was elected to serve as a director. There are no previous transactions between Mr. Rowe and the Company which are required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Mr. Rowe will be compensated in accordance with the director compensation arrangements for 2024, pro-rated for his first year of service, as described in the Company’s Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission on March 14, 2024 under the heading “Compensation of Directors.”
Mr. Rowe will also be granted an option to purchase 10,000 shares of the Company’s common stock under the Company’s 2017 Omnibus Incentive Plan which will expire in August 2029. In connection with this award, Mr. Rowe entered into an Award Agreement dated August 13, 2024.
About FutureFuel
FutureFuel is a leading manufacturer of diversified chemical products, specialty chemical products, and biofuel products. In its chemicals business, FutureFuel manufactures specialty chemicals for specific customers (“custom chemicals”), as well as multi-customer specialty chemicals (“performance chemicals”). FutureFuel's custom chemicals product portfolio includes proprietary intermediates for major chemical companies and chlorinated polyolefin adhesion promoters and antioxidant precursors for a major chemical company. FutureFuel’s performance chemicals product portfolio includes polymer (nylon) modifiers and several small-volume specialty chemicals for diverse applications. FutureFuel’s biofuels segment primarily produces and sells biodiesel. Please visit www.futurefuelcorporation.com for more information.
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