Pyxus Announces Retirement of Carl L. Hausmann from Board of Directors

Rhea-AI Summary

Pyxus International, Inc. (PYYX) announced that Carl L. Hausmann will retire from its Board of Directors after the 2022 annual shareholders meeting. Appointed in October 2020, Hausmann also served on the Environmental, Social, Governance and Nominating Committee, and the Audit Committee. His contributions have been acknowledged by CEO Pieter Sikkel, who highlighted Hausmann's extensive industry experience and support for the company’s ESG framework. Pyxus plans to find an independent director to fill Hausmann's position after the meeting.

Positive

• Hausmann's extensive agricultural industry experience and understanding of operations have strengthened the company's foundation for future success.
• Recognition from CEO Pieter Sikkel highlights Hausmann's valuable contributions to the company.

Negative

• The retirement of Hausmann may create a gap in board continuity and experience during the transition.

MORRISVILLE, N.C., May 5, 2022 /PRNewswire/ -- Pyxus International, Inc. (OTC Pink: PYYX) ("Pyxus" or the "Company"), a global value-added agricultural company, today announced Carl L. Hausmann's intent to retire from the Company's Board of Directors, effective as of the 2022 annual shareholders meeting.

Hausmann was appointed to Pyxus' Board of Directors in October 2020 and serves on the Environmental, Social, Governance and Nominating Committee as well as the Audit Committee. Additionally, Hausmann served as a member of the Board of Directors of Pyxus International's predecessor, then named Alliance One International, Inc., from June 2013 to August 2018.

"On behalf of the Board of Directors, as well as Pyxus' management team, we thank Carl for his guidance and many contributions over the years," said Pyxus President and CEO Pieter Sikkel. "His extensive experience in the agricultural industry, thorough understanding of our operations and support of our ESG framework has been instrumental in establishing the foundation necessary to position Pyxus for success moving forward. It has been a privilege to work with Carl during both of his Board appointments and we wish him all the best in the years to come."

Pyxus' Board of Directors anticipates identifying an individual qualifying as an independent director to fill the seat on the Board that will be vacated by Hausmann, which may not occur until after the Company's 2022 annual shareholders meeting.

About Pyxus International, Inc.
Pyxus International, Inc. is a global agricultural company with more than 145 years' experience delivering value-added products and services to businesses and customers. Driven by a united purpose—to transform people's lives, so that together we can grow a better world—Pyxus International, its subsidiaries and affiliates, are trusted providers of responsibly sourced, independently verified, sustainable and traceable products and ingredients. For more information, visit www.pyxus.com.

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SOURCE Pyxus International, Inc.

FAQ

Who is Carl L. Hausmann and what is his role in Pyxus?

Carl L. Hausmann served on the Board of Directors of Pyxus International since October 2020, and was part of the Environmental, Social, Governance and Nominating Committee and the Audit Committee.

When is Carl L. Hausmann retiring from the Board of Directors?

Carl L. Hausmann is set to retire from the Board of Directors effective after the 2022 annual shareholders meeting.

What impact does Hausmann's retirement have on Pyxus International?

Hausmann's retirement may affect board continuity and the company is looking to appoint an independent director to fill the position.

What did CEO Pieter Sikkel say about Carl L. Hausmann's contributions?

CEO Pieter Sikkel praised Hausmann for his guidance and contributions, particularly his support of the company's ESG framework.