LSB Industries, Inc. Announces the Retirement of Richard Roedel as Chairman of the Board of Directors
LSB Industries (NYSE: LXU) announced the retirement of Richard Roedel as Chairman of the Board due to health reasons. Mark Behrman, the company's President and CEO, has been elected as the new Board Chairman, while Lynn White has been appointed Lead Independent Director. Mr. Roedel will remain on the Board until a successor is identified to ensure a smooth transition.
Mr. Behrman, who joined LSB in 2014 and became President and CEO in 2018, has led the company through operational and balance sheet transformation. He has also established LSB's low carbon ammonia strategy. With 30 years of experience in finance and investment banking, Mr. Behrman has been instrumental in positioning LSB for future growth in the global energy transition.
LSB Industries (NYSE: LXU) ha annunciato il ritiro di Richard Roedel dalla carica di Presidente del Consiglio di Amministrazione per motivi di salute. Mark Behrman, Presidente e CEO dell'azienda, è stato eletto nuovo Presidente del Consiglio, mentre Lynn White è stata nominata Direttore Indipendente Principale. Il signor Roedel rimarrà nel Consiglio fino all'individuazione di un successore per garantire una transizione fluida.
Il signor Behrman, che è entrato in LSB nel 2014 e è diventato Presidente e CEO nel 2018, ha guidato l'azienda attraverso trasformazioni operative e del patrimonio netto. Ha anche estableto la strategia dell'ammoniaca a basse emissioni di carbonio di LSB. Con 30 anni di esperienza nel settore finanziario e della banca d'investimento, il signor Behrman è stato fondamentale per posizionare LSB per una futura crescita nella transizione energetica globale.
LSB Industries (NYSE: LXU) anunció la jubilación de Richard Roedel como Presidente del Consejo de Administración debido a problemas de salud. Mark Behrman, Presidente y CEO de la compañía, ha sido elegido como el nuevo Presidente del Consejo, mientras que Lynn White ha sido nombrada Directora Independiente Principal. El Sr. Roedel permanecerá en el Consejo hasta que se identifique un sucesor para garantizar una transición sin problemas.
El Sr. Behrman, quien se unió a LSB en 2014 y se convirtió en Presidente y CEO en 2018, ha llevado a la empresa a través de una transformación en las operaciones y en el balance. También ha establecido la estrategia de amoníaco bajo en carbono de LSB. Con 30 años de experiencia en finanzas y banca de inversión, el Sr. Behrman ha sido fundamental para posicionar a LSB para un futuro crecimiento en la transición energética global.
LSB Industries (NYSE: LXU)는 건강 문제로 인해 Richard Roedel이 이사회 의장 직에서 은퇴한다고 발표했습니다. Mark Behrman은 회사의 사장 겸 CEO로서 새 이사회 의장에 선출되었고, Lynn White는 수석 독립 이사로 임명되었습니다. Roedel 씨는 원활한 전환을 보장하기 위해 후임자가 결정될 때까지 이사회에 남아 있을 것입니다.
Behrman 씨는 2014년에 LSB에 합류하여 2018년에는 사장 겸 CEO가 되었으며, 회사를 운영 및 재무 구조 개선을 통해 이끌어왔습니다. 그는 또한 LSB의 저탄소 암모니아 전략을 구축하였습니다. 금융 및 투자 은행 분야에서 30년의 경력을 가진 Behrman 씨는 LSB를 세계 에너지 전환의 미래 성장에 맞게 자리 잡도록 하는 데 중요한 역할을 했습니다.
LSB Industries (NYSE: LXU) a annoncé la retraite de Richard Roedel en tant que Président du Conseil d'Administration pour des raisons de santé. Mark Behrman, Président et CEO de l'entreprise, a été élu comme le nouveau Président du Conseil, tandis que Lynn White a été nommée Administratrice Indépendante Principale. M. Roedel restera au Conseil jusqu'à ce qu'un successeur soit identifié pour assurer une transition en douceur.
M. Behrman, qui a rejoint LSB en 2014 et est devenu Président et CEO en 2018, a dirigé l'entreprise à travers une transformation opérationnelle et de bilan. Il a également établi la stratégie de l'ammoniac à faible émission de carbone de LSB. Fort de 30 ans d'expérience dans la finance et la banque d'investissement, M. Behrman a joué un rôle clé dans le positionnement de LSB pour une future croissance dans la transition énergétique mondiale.
LSB Industries (NYSE: LXU) hat den Rücktritt von Richard Roedel als Vorsitzendem des Board of Directors aus gesundheitlichen Gründen bekannt gegeben. Mark Behrman, der Präsident und CEO des Unternehmens, wurde zum neuen Vorsitzenden des Boards gewählt, während Lynn White als Hauptunabhängige Direktorin ernannt wurde. Herr Roedel wird im Board verbleiben, bis ein Nachfolger gefunden ist, um einen reibungslosen Übergang zu gewährleisten.
Herr Behrman, der 2014 zu LSB kam und 2018 Präsident und CEO wurde, hat das Unternehmen durch operative und bilanzielles Transformation geführt. Er hat auch die Strategie für kohlenstoffarmen Ammoniak von LSB etabliert. Mit 30 Jahren Erfahrung in Finanzen und Investmentbanking war Herr Behrman entscheidend dafür verantwortlich, LSB für zukünftiges Wachstum im globalen Energiewandel zu positionieren.
- Smooth leadership transition with CEO Mark Behrman taking on Chairman role
- Appointment of Lead Independent Director enhances corporate governance
- CEO's experience in operational and financial transformation
- Company's strategic focus on low carbon ammonia for future growth
- Unexpected retirement of Chairman due to health reasons
President and CEO, Mark Behrman, to Succeed Mr. Roedel as Board Chairman
“It has been an extremely gratifying experience to serve on a Board of this caliber,” stated Mr. Roedel. “It has been an honor to work with a group of individuals with such a deep and diverse background in industry and finance. I am very proud of our achievements helping to bring LSB Industries to the point where it is now; a well-capitalized company with strong prospects for future growth.”
“On behalf of the Board and the entire LSB team, I would like to thank Rich for his years of service to LSB,” stated Mr. Behrman. “Over the past decade, his extensive experience and knowledge have been a valuable asset as we’ve transformed the company. We move forward well-positioned in our pursuit of growth and our vision of becoming a leader in the global energy transition thanks to Rich’s contributions. We wish him all the best in his retirement.”
Mr. Behrman was appointed President and CEO in 2018 prior to which he served as the Company’s EVP and CFO beginning in 2015. Before joining LSB in 2014 as SVP, Corporate Development, Mr. Behrman had a 30-year career in finance and investment banking. Over his tenure with LSB, he has led the Company through its operational and balance sheet transformation and the establishment of its low carbon ammonia strategy. Additionally, Mr. Behrman has served on the board of PHX Minerals Inc. (NYSE: PHX) since 2017 and has been its board Chairman since 2019.
About LSB Industries, Inc.
LSB Industries, Inc., headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240812647698/en/
Investor Contacts:
Fred Buonocore, CFA, Vice President of Investor Relations
(405) 510-3550
fbuonocore@lsbindustries.com
Media Contact:
David Kimmel, Director of Communications
(405) 815-4645
dkimmel@lsbindustries.com
Source: LSB Industries, Inc.
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