H.B. Fuller Names Celeste Mastin as Executive Vice President and Chief Operating Officer

Rhea-AI Summary

H.B. Fuller Company (NYSE: FUL) announced the appointment of Celeste Mastin as executive vice president and chief operating officer, effective March 7, 2022. Mastin, with over 30 years in manufacturing and distribution, succeeded Ted Clark, who will transition to a strategic advisory role. This succession aims to ensure continuity in H.B. Fuller’s strategic plan, which has driven notable growth. Mastin’s previous role as CEO of PetroChoice positions her to enhance operational leadership and further propel the company’s growth and profitability.

Positive

• Appointment of Celeste Mastin as COO expected to provide strong operational leadership.
• Mastin's extensive experience in manufacturing and distribution could accelerate growth.
• Smooth succession plan maintains continuity in strategic initiatives.

Negative

• None.

ST. PAUL, Minn.--(BUSINESS WIRE)-- H.B. Fuller Company (NYSE: FUL) today announced that Celeste Mastin will join the company as executive vice president and chief operating officer on March 7, 2022. Mastin will assume the executive leadership role most recently held by Ted Clark, who is moving into a strategic advisory role. This transition allows a smooth succession of the COO role and continuity of H.B. Fuller’s strategic plan, which has generated significant top- and bottom-line growth for the company.

Celeste Mastin will become Chief Operating Officer of H.B. Fuller (NYSE: FUL) on March 7, 2022.

Mastin joins H.B. Fuller with more than 30 years’ experience in manufacturing and distribution with a successful track record of guiding companies’ growth through innovation, service improvement, global expansion, and acquisition. Most recently, she served as CEO of PetroChoice Lubrication Solutions, the largest distributor of petroleum lubrication solutions in the United States. Prior to that, she held CEO roles at Distribution International, Inc. and MMI Products, Inc. (a division of Oldcastle), and she served in executive leadership roles at Ferro Corporation and Bostik Adhesives, now owned by Arkema. Mastin began her career at Shell Chemical Co. She currently serves on the board of directors of Granite Construction, Inc. (NYSE: GVA).

Mastin earned her MBA from the University of Houston and her BS in Chemical Engineering from Washington State University.

“We are delighted to welcome Celeste to H.B. Fuller. She is an exceptional commercial leader with a proven track record of success in highly complex, international businesses,” said H.B. Fuller President and CEO Jim Owens. “Celeste brings a wealth of global, executive leadership and an understanding of the adhesives industry that will provide accelerated growth and performance for H.B. Fuller. I am confident Celeste will successfully build upon Ted Clark’s success and, together with our Executive Committee, drive our company’s continued growth and profitability.”

About H.B. Fuller Company:

Since 1887, H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants, and other specialty chemical products to improve products and lives. With fiscal 2021 net revenue of $3.3 billion, H.B. Fuller’s commitment to innovation brings together people, products and processes that answer and solve some of the world’s biggest challenges. Our reliable, responsive service creates lasting, rewarding connections with customers in electronics, disposable hygiene, health and beauty, transportation and infrastructure, aerospace, new energy, packaging, construction, woodworking, general industries, and other consumer businesses. And our promise to our people connects them with opportunities to innovate and thrive. hbfuller.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220223006284/en/

Kimberlee Sinclair

Corporate Communications

+1 651 236 5823

kimberlee.sinclair@hbfuller.com

Barbara Doyle

Investor Relations

+1 651 236 5023

barbara.doyle@hbfuller.com

Source: H.B. Fuller Company

FAQ

Who is the new COO of H.B. Fuller?

Celeste Mastin has been appointed as the new Chief Operating Officer of H.B. Fuller, effective March 7, 2022.

What was Ted Clark's role at H.B. Fuller before the transition?

Ted Clark served as the Chief Operating Officer before moving to a strategic advisory role.

What experience does Celeste Mastin bring to H.B. Fuller?

Celeste Mastin brings over 30 years of experience in manufacturing and distribution, previously serving as CEO at PetroChoice.

How will the leadership change affect H.B. Fuller?

The leadership change aims to ensure continuity in strategic initiatives, potentially enhancing growth and operational performance.

What is the significance of H.B. Fuller’s strategic plan?

H.B. Fuller’s strategic plan has led to significant growth in both top- and bottom-line results, indicating its importance for the company's future.