H.B. Fuller Appoints Terry Rasmussen Chair of Board of Directors
H.B. Fuller Company (NYSE: FUL) has announced a significant change in its Board of Directors. Teresa (Terry) J. Rasmussen has been appointed as the new Chair, effective January 22, 2025, following the retirement of Lee R. Mitau. Rasmussen, who joined the board in 2020, brings extensive experience in the financial services industry and global perspective to the role.
CEO Celeste Mastin expressed confidence in Rasmussen's leadership, highlighting her vision and expertise in customer and go-to-market strategies. The company aims to leverage her background as it expands into high-growth markets and works towards becoming a 20% EBITDA margin business. Mitau's retirement marks the end of his distinguished service, during which H.B. Fuller established itself as the largest pureplay adhesives company globally.
H.B. Fuller Company (NYSE: FUL) ha annunciato un cambiamento significativo nel suo Consiglio di Amministrazione. Teresa (Terry) J. Rasmussen è stata nominata nuova Presidente, con effetto dal 22 gennaio 2025, dopo il pensionamento di Lee R. Mitau. Rasmussen, che è entrata a far parte del consiglio nel 2020, porta con sé un'ampia esperienza nel settore dei servizi finanziari e una prospettiva globale per questo ruolo.
Il CEO Celeste Mastin ha espresso fiducia nella leadership di Rasmussen, evidenziando la sua visione e competenza nelle strategie di clientela e di mercato. L'azienda punta a sfruttare il suo background mentre si espande in mercati ad alta crescita e lavora per diventare un'azienda con un margine EBITDA del 20%. Il pensionamento di Mitau segna la fine del suo servizio distinto, durante il quale H.B. Fuller si è affermata come la più grande azienda di adesivi puri a livello globale.
H.B. Fuller Company (NYSE: FUL) ha anunciado un cambio significativo en su Junta Directiva. Teresa (Terry) J. Rasmussen ha sido nombrada nueva Presidenta, con efecto a partir del 22 de enero de 2025, tras la jubilación de Lee R. Mitau. Rasmussen, quien se unió a la junta en 2020, aporta una amplia experiencia en la industria de servicios financieros y una perspectiva global al cargo.
La CEO Celeste Mastin expresó confianza en el liderazgo de Rasmussen, destacando su visión y experiencia en estrategias para clientes y de comercialización. La compañía busca aprovechar su experiencia mientras se expande en mercados de alto crecimiento y trabaja para convertirse en un negocio con un margen EBITDA del 20%. La jubilación de Mitau marca el final de su distinguido servicio, periodo durante el cual H.B. Fuller se estableció como la empresa de adhesivos pura más grande del mundo.
H.B. Fuller Company (NYSE: FUL)는 이사회에 중대한 변화를 발표했습니다. Teresa (Terry) J. Rasmussen가 Lee R. Mitau의 은퇴에 따라 2025년 1월 22일부터 새로운 의장으로 임명되었습니다. 2020년 이사회에 합류한 Rasmussen은 금융 서비스 산업에서의 광범위한 경험과 글로벌 관점을 이 역할에 가져옵니다.
CEO Celeste Mastin은 Rasmussen의 리더십에 대한 신뢰를 표현하며, 그녀의 고객 전략 및 시장 접근 방식에 대한 비전과 전문성을 강조했습니다. 회사는 그녀의 배경을 활용하여 고성장 시장으로의 확장을 목표로 하고 있으며, 20%의 EBITDA 마진 비즈니스로 성장하기 위해 노력하고 있습니다. Mitau의 은퇴는 H.B. Fuller가 전 세계에서 가장 큰 순수 접착제 회사로 자리 잡는 데 기여한 그의 특별한 서비스의 끝을 의미합니다.
La société H.B. Fuller Company (NYSE: FUL) a annoncé un changement significatif dans son conseil d'administration. Teresa (Terry) J. Rasmussen a été nommée nouvelle présidente, à compter du 22 janvier 2025, suite à la retraite de Lee R. Mitau. Rasmussen, qui a rejoint le conseil en 2020, apporte une vaste expérience dans le secteur des services financiers et une perspective mondiale à ce poste.
La PDG Celeste Mastin a exprimé sa confiance dans le leadership de Rasmussen, mettant en avant sa vision et son expertise en matière de stratégie client et de mise sur le marché. L'entreprise vise à tirer parti de son expérience alors qu'elle s'étend sur des marchés à forte croissance et travaille à devenir une entreprise avec une marge EBITDA de 20 %. La retraite de Mitau marque la fin de son service distingué, période pendant laquelle H.B. Fuller s'est imposée comme la plus grande entreprise d'adhésifs pure du monde.
Die H.B. Fuller Company (NYSE: FUL) hat eine bedeutende Veränderung im Vorstand angekündigt. Teresa (Terry) J. Rasmussen wurde zur neuen Vorsitzenden ernannt, ab dem 22. Januar 2025, nach dem Rücktritt von Lee R. Mitau. Rasmussen, die 2020 in den Vorstand eintrat, bringt umfangreiche Erfahrung in der Finanzdienstleistungsbranche und eine globale Perspektive in die Rolle ein.
CEO Celeste Mastin äußerte Vertrauen in die Führung von Rasmussen und hob ihre Vision und Expertise in Kunden- und Markteinführungsstrategien hervor. Das Unternehmen plant, ihren Hintergrund zu nutzen, während es in wachstumsstarke Märkte expandiert und darauf hinarbeitet, ein Unternehmen mit einer EBITDA-Marge von 20 % zu werden. Mitau's Rücktritt markiert das Ende seines herausragenden Dienstes, während dem sich H.B. Fuller als das größte reine Klebstoffunternehmen der Welt etabliert hat.
- Appointment of experienced leader Terry Rasmussen as new Board Chair
- Strategic focus on expanding into high-growth end markets
- Goal to transform portfolio to achieve 20% EBITDA margin
- None.
Lee R. Mitau to Retire After Years of Distinguished Service on the Board
Terry Rasmussen (Photo: Business Wire)
“We are pleased to appoint a leader of Terry’s caliber as the new Chair of H.B. Fuller’s Board of Directors,” says Celeste Mastin, H.B. Fuller’s president and chief executive officer. “Having worked closely with Terry, I know firsthand that she is a visionary leader who brings global perspective and deep customer and go-to-market expertise to the role. We look forward to continuing to benefit from Terry’s extensive background in the financial services industry as we expand our presence in new high-growth end markets and transform our portfolio to become a
“It is an honor to be named Chair of H.B. Fuller’s Board,” said Rasmussen. “Since joining in 2020, I have been impressed by the organization’s breadth of talent. I am eager to partner even more closely with Celeste and the entire Board as H.B. Fuller continues to excel and innovate globally.”
“Lee has been a tremendous advisor to H.B. Fuller. His counsel and dedication created a blueprint for advancing our growth strategy and establishing H.B. Fuller as the largest pureplay adhesives company in the world,” said Mastin. “On behalf of the entire Board, I want to thank Lee for his leadership and unwavering commitment to H.B. Fuller. We congratulate him on an incredible career and wish him all the best in retirement.”
“It has been an honor to serve on the H.B. Fuller Board and to witness the company’s evolution and significant growth over the years,” said Mitau. “I’m grateful to have worked alongside so many talented leaders and have great confidence in the company’s leadership team and long-term growth strategy. I look forward to seeing what they will achieve next.”
About Terry Rasmussen
Rasmussen joined the H.B. Fuller Board of Directors in 2020 and currently serves as president and chief executive officer of Thrivent, a Fortune 500 diversified financial services organization. She brings world-class leadership and business acumen to the Board, along with significant expertise in organizational transformation.
Before her current role, Rasmussen was president of Thrivent’s core life, health and annuities business after serving 10 years as senior vice president, general counsel and secretary. Prior to joining Thrivent, Rasmussen held a series of leadership roles at American Express, including serving as vice president and managing counsel. Earlier in her career, she was a trial attorney with the United States Department of Justice, Tax Division, as part of the Attorney General’s Honors Program.
Rasmussen is a member of the Thrivent Board of Directors and the American Council of Life Insurers Board of Directors, where she is chair-elect. She is also on the board of the Walker Art Center, a world-renowned contemporary art museum in
About H.B. Fuller Company:
As the largest pureplay adhesives company in the world, H.B. Fuller’s (NYSE: FUL) innovative, functional coatings, adhesives and sealants enhance the quality, safety and performance of products people use every day. Founded in 1887, with 2023 revenue of
View source version on businesswire.com: https://www.businesswire.com/news/home/20241021914494/en/
Sarah Neunsinger
Global Communications
sarah.neunsinger@hbfuller.com
+1 651-242-0280
Source: H.B. Fuller Company
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