Neenah Announces the Appointment of a New Board Member

Rhea-AI Summary

Neenah, Inc. (NYSE: NP) has appointed Shruti Singhal to its Board of Directors, expanding the board to eight members. Singhal, CEO of Chroma Color Corporation, brings extensive experience from companies like Henkel, BASF, and Dow Chemical, which is expected to enhance Neenah's manufacturing growth strategies. Julie Schertell, CEO of Neenah, expressed confidence in Singhal's leadership capabilities to benefit the company’s stakeholders. Neenah focuses on specialty materials across various sectors, including filtration media, coatings, and packaging.

Positive

• Appointment of Shruti Singhal to the Board of Directors is expected to bring fresh leadership and operational expertise.
• Singhal's background in global industrial organizations could support Neenah's manufacturing growth.

Negative

• Concerns may arise regarding continuity and integration of new board member into existing strategies.

Neenah, Inc. (NYSE: NP), a leading global manufacturer of specialty materials focused on filtration media, specialty coatings, engineered materials, imaging and packaging, today announced the appointment of Shruti Singhal to its Board of Directors. In addition, Mr. Singhal will serve as a member of the Audit Committee. Following this appointment, the Board will compromise of eight directors.

“We are pleased to welcome Shruti Singhal to the Neenah Board,” said Julie Schertell, President and Chief Executive Officer of Neenah. “Shruti’s strong leadership and operational experience in global industrial organizations will be invaluable to Neenah as we focus on manufacturing growth for our customers, employees, and shareholders.”

Mr. Singhal is the Chief Executive Officer of Chroma Color Corporation, a leading formulator, and specialty color and additive concentrates supplier. Mr. Singhal has worked in North America and Europe with companies like Henkel, Cognis (now BASF), Rohm & Haas, The Dow Chemical Company, and others throughout his career. Before joining Chroma Color, he served as President of DSM’s Engineering Materials Business. He received a master’s degree in chemical engineering from Drexel University and a bachelor’s in chemical engineering. Also, he completed the Global Marketing Management Program at The Wharton School at the University of Pennsylvania.

About Neenah, Inc.

Neenah is committed to manufacturing growth for its customers, end-users, shareholders, and employees. With manufacturing facilities across North America, Europe, and Asia, we are a leading global manufacturer of specialty materials serving customers across six continents, with headquarters in Alpharetta, Georgia. We are focused on growing in filtration media, specialty coatings, engineered materials and imaging & packaging. Our materials are in various products used every day, such as transportation and water filters, premium packaging of spirits, technology and beauty products, industrial labels, tapes and abrasives, and digital printing for high-end apparel. To learn more, please visit www.neenah.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210721005808/en/

FAQ

Who is Shruti Singhal and what is her role at Neenah?

Shruti Singhal has been appointed to Neenah's Board of Directors and will also serve on the Audit Committee.

What are Shruti Singhal's qualifications?

She is the CEO of Chroma Color Corporation and has held leadership roles at companies like Henkel and BASF.

What impact might Shruti Singhal's appointment have on Neenah?

Her expertise in global industrial organizations is expected to strengthen Neenah's growth strategy.

How many directors are on Neenah's Board after this appointment?

After Shruti Singhal's appointment, Neenah's Board now comprises eight directors.