Edward J. Wehmer to Retire from Stepan Company Board of Directors
Stepan Company (NYSE: SCL) announced that Edward J. Wehmer will retire from its Board of Directors at the annual meeting of stockholders on April 29, 2025. Wehmer, who joined the Board in 2003, has served as Lead Independent Director since 2016 and was Chair of the Audit Committee from 2007 to 2023.
Following Wehmer's retirement, the Board size will decrease from eight to seven directors, with Randall S. Dearth succeeding as Lead Independent Director. F. Quinn Stepan, Jr., Chairman of the Board, acknowledged Wehmer's 22 years of service, highlighting his financial expertise, leadership, and commitment to the company's growth and shareholder value.
Stepan Company is a major manufacturer of specialty and intermediate chemicals, primarily producing surfactants for cleaning and agricultural products, and polyurethane polyols for thermal insulation and CASE industries. The company operates production facilities across North and South America, Europe, and Asia.
Stepan Company (NYSE: SCL) ha annunciato che Edward J. Wehmer si ritirerà dal Consiglio di Amministrazione durante l'assemblea annuale degli azionisti il 29 aprile 2025. Wehmer, che è entrato a far parte del Consiglio nel 2003, ha ricoperto il ruolo di Direttore Indipendente Principale dal 2016 ed è stato Presidente del Comitato di Revisione dal 2007 al 2023.
Dopo il ritiro di Wehmer, la dimensione del Consiglio passerà da otto a sette membri, con Randall S. Dearth che succederà come Direttore Indipendente Principale. F. Quinn Stepan, Jr., Presidente del Consiglio, ha riconosciuto i 22 anni di servizio di Wehmer, sottolineando la sua esperienza finanziaria, la leadership e l'impegno per la crescita dell'azienda e il valore per gli azionisti.
Stepan Company è un importante produttore di sostanze chimiche speciali e intermedie, principalmente produttore di tensioattivi per prodotti per la pulizia e l'agricoltura, e polioli poliuretanici per isolamento termico e industrie CASE. L'azienda gestisce impianti di produzione in Nord e Sud America, Europa e Asia.
Stepan Company (NYSE: SCL) anunció que Edward J. Wehmer se retirará de su Junta Directiva en la reunión anual de accionistas el 29 de abril de 2025. Wehmer, quien se unió a la Junta en 2003, ha servido como Director Independiente Principal desde 2016 y fue Presidente del Comité de Auditoría desde 2007 hasta 2023.
Tras la jubilación de Wehmer, el tamaño de la Junta disminuirá de ocho a siete directores, con Randall S. Dearth sucediendo como Director Independiente Principal. F. Quinn Stepan, Jr., Presidente de la Junta, reconoció los 22 años de servicio de Wehmer, destacando su experiencia financiera, liderazgo y compromiso con el crecimiento de la empresa y el valor para los accionistas.
Stepan Company es un importante fabricante de productos químicos especiales e intermedios, produciendo principalmente tensioactivos para productos de limpieza y agrícolas, y polioles de poliuretano para aislamiento térmico e industrias CASE. La empresa opera instalaciones de producción en América del Norte y del Sur, Europa y Asia.
Stepan Company (NYSE: SCL)는 Edward J. Wehmer가 2025년 4월 29일 주주 연례 회의에서 이사회에서 은퇴할 것이라고 발표했습니다. Wehmer는 2003년에 이사회에 합류하였으며, 2016년부터 독립 이사로서 활동해왔고, 2007년부터 2023년까지 감사 위원회 의장을 역임했습니다.
Wehmer의 은퇴 이후, 이사회 규모는 8명에서 7명으로 줄어들며, Randall S. Dearth가 독립 이사로서 후임을 맡게 됩니다. 이사회 의장인 F. Quinn Stepan, Jr.는 Wehmer의 22년간의 서비스에 감사를 표하며, 그의 재무 전문성, 리더십 및 회사 성장과 주주 가치를 위한 헌신을 강조했습니다.
Stepan Company는 주로 청소 및 농업 제품을 위한 계면활성제를 생산하고, 열 절연 및 CASE 산업을 위한 폴리우레탄 폴리올을 제조하는 주요 특수 및 중간 화학 물질 제조업체입니다. 이 회사는 북미, 남미, 유럽 및 아시아 전역에 생산 시설을 운영하고 있습니다.
Stepan Company (NYSE: SCL) a annoncé qu'Edward J. Wehmer prendra sa retraite de son Conseil d'Administration lors de l'assemblée annuelle des actionnaires le 29 avril 2025. Wehmer, qui a rejoint le Conseil en 2003, a été Directeur Indépendant Principal depuis 2016 et a été Président du Comité d'Audit de 2007 à 2023.
Après le départ de Wehmer, la taille du Conseil passera de huit à sept administrateurs, avec Randall S. Dearth succédant en tant que Directeur Indépendant Principal. F. Quinn Stepan, Jr., Président du Conseil, a reconnu les 22 années de service de Wehmer, mettant en avant son expertise financière, son leadership et son engagement envers la croissance de l'entreprise et la valeur pour les actionnaires.
Stepan Company est un important fabricant de produits chimiques spéciaux et intermédiaires, produisant principalement des tensioactifs pour les produits de nettoyage et agricoles, ainsi que des polyols en polyuréthane pour l'isolation thermique et les industries CASE. L'entreprise possède des installations de production en Amérique du Nord et du Sud, en Europe et en Asie.
Stepan Company (NYSE: SCL) gab bekannt, dass Edward J. Wehmer bei der Jahreshauptversammlung der Aktionäre am 29. April 2025 aus dem Vorstand ausscheiden wird. Wehmer, der 2003 in den Vorstand eintrat, hat seit 2016 als unabhängiger Hauptdirektor gedient und war von 2007 bis 2023 Vorsitzender des Prüfungsausschusses.
Nach Wehmers Rücktritt wird die Größe des Vorstands von acht auf sieben Direktoren reduziert, wobei Randall S. Dearth als unabhängiger Hauptdirektor nachfolgt. F. Quinn Stepan, Jr., Vorsitzender des Vorstands, würdigte Wehmers 22-jährige Dienstzeit und hob seine finanzielle Expertise, Führung und Engagement für das Wachstum des Unternehmens und den Wert für die Aktionäre hervor.
Die Stepan Company ist ein bedeutender Hersteller von Spezial- und Zwischenchemikalien, der hauptsächlich Tenside für Reinigungs- und Agrarprodukte sowie Polyurethan-Polyole für Wärmeisolierung und CASE-Industrien produziert. Das Unternehmen betreibt Produktionsstätten in Nord- und Südamerika, Europa und Asien.
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Mr. Wehmer joined the Company's Board in 2003. He has served as Lead Independent Director since 2016 and served as Chair of the Audit Committee from 2007 to 2023.
"Ed has brought his considerable expertise and talents to the Board, including his financial acumen, exceptional leadership and insightful approach to complex issues. On behalf of the Board, I would like to express our gratitude to Ed for his 22 years of service to Stepan Company," said F. Quinn Stepan, Jr., Chairman of the Company's Board. "Throughout his time on the Board, Ed has been strongly committed to and supportive of our Company's growth and strategic direction, with a strong focus on delivering value to our shareholders. We are sincerely grateful for his leadership and guidance as the Company has grown during his tenure."
Upon Mr. Wehmer's retirement, the size of the Company's Board will be reduced from eight to seven directors and Randall S. Dearth will succeed Mr. Wehmer as Lead Independent Director.
Corporate Profile
Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries. Stepan is a leading merchant producer of surfactants, which are the key ingredients in consumer and industrial cleaning and disinfection products and in agricultural and oilfield solutions. The Company is also a leading supplier of polyurethane polyols used in the expanding thermal insulation market, and CASE (Coatings, Adhesives, Sealants, and Elastomers) industries.
Headquartered in
The Company's common stock is traded on the New York Stock Exchange (NYSE) under the symbol SCL. For more information about Stepan Company please visit the Company online at www.stepan.com.
More information about Stepan's sustainability program can be found on the Sustainability page at www.stepan.com.
Certain information in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include statements about Stepan Company's plans, objectives, strategies, financial performance and outlook, trends, the amount and timing of future cash distributions, prospects or future events and involve known and unknown risks that are difficult to predict. As a result, Stepan Company's actual financial results, performance, achievements or prospects may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "guidance," "predict," "potential," "continue," "likely," "will," "would," "should," "illustrative" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by Stepan Company and its management based on their knowledge and understanding of the business and industry, are inherently uncertain. These statements are not guarantees of future performance, and stockholders should not place undue reliance on forward-looking statements.
There are a number of risks, uncertainties and other important factors, many of which are beyond Stepan Company's control, that could cause actual results to differ materially from the forward-looking statements contained in this news release. Such risks, uncertainties and other important factors include, among other factors, the risks, uncertainties and factors described in Stepan Company's Form 10-K, Form 10-Q and Form 8-K reports and exhibits to those reports, and include (but are not limited to) risks and uncertainties related to accidents, unplanned production shutdowns or disruptions in manufacturing facilities; reduced demand due to customer product reformulations or new technologies; our inability to successfully develop or introduce new products; compliance with laws; our ability to identify suitable acquisition candidates and successfully complete and integrate acquisitions; global competition; volatility of raw material and energy costs and supply; disruptions in transportation or significant changes in transportation costs; downturns in certain industries and general economic downturns; international business risks, including currency exchange rate fluctuations, legal restrictions and taxes; unfavorable resolution of litigation against us; maintaining and protecting intellectual property rights; our ability to access capital markets; global political, military, security or other instability; costs related to expansion or other capital projects; interruption or breaches of information technology systems; our ability to retain executive management and key personnel; and our debt covenants.
These forward-looking statements are made only as of the date hereof, and Stepan Company undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Stepan Company
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