Trinseo Appoints Paula Cooney as Senior Vice President, Chief Human Resources Officer

Rhea-AI Summary

Trinseo (NYSE: TSE) announced Paula Cooney as the new Senior Vice President and Chief Human Resources Officer, effective November 29, 2021. Cooney replaces Alice Heezen, who is leaving the company. Cooney brings extensive HR experience from FLIR Systems and H.B. Fuller, enhancing Trinseo's leadership as it shifts focus to become a specialty solutions provider. This leadership change is pivotal as Trinseo aims for robust business processes and a culture ready for transformation, critical to achieving its strategic objectives.

Positive

• Paula Cooney's appointment brings deep HR experience, which may strengthen Trinseo's leadership.
• The transition aligns with Trinseo's strategic focus on becoming a specialty solutions provider.

Negative

• The departure of Alice Heezen could create continuity concerns during the transition.

BERWYN, Pa.--(BUSINESS WIRE)-- Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics and latex binders today announced that Paula Cooney will assume the role of Senior Vice President, Chief Human Resources Officer (CHRO) effective November 29, 2021.

Cooney will be responsible for all human resource activities at Trinseo globally and will also become a member of Trinseo’s Executive Management team. The role will be moved from Switzerland to North America and Cooney will replace Trinseo’s current Switzerland-based SVP, CHRO, Alice Heezen, who will be leaving the company.

“I want to thank Alice for the many contributions she has made to Trinseo over the years and wish her the best in her future endeavors. We are thrilled to have Paula join us during this critical moment in our company’s transformational journey to become a specialty solutions provider,” said Frank Bozich, Trinseo President and Chief Executive Officer. “Ensuring we have robust business processes, the right talent and building a culture that is poised for change are essential components to achieving our business strategy. Paula joins Trinseo with deep and relevant experience as the CHRO at two publicly traded companies, with extensive experience leading organizations through significant acquisitions and integrations. I am confident that Paula will help us ensure we have the right talent and culture to achieve our goal of becoming a higher margin and less cyclical specialty materials and sustainable solutions provider.”

Prior to joining Trinseo, Cooney was Senior Vice President, Human Resources, for FLIR Systems, Inc. where she provided strategic direction as the company’s human resources leader. Before FLIR Systems, Inc., Cooney served as Vice President, Human Resources and Communications for Minnesota-based H.B. Fuller Company, a $3 billion global specialty chemicals company, where she worked for a decade and held multiple roles in HR leadership. Prior to joining H.B. Fuller in 2010, Cooney enjoyed a nearly 15-year career at Intel Corporation, holding HR roles of increasing responsibility. Cooney has a diploma in personnel management from the National College of Ireland and an MBS in human resource management and industrial relations from University College Dublin (Smurfit School of Business).

About Trinseo

Trinseo (NYSE: TSE) is a global materials solutions provider and manufacturer of plastics and latex binders with a focus on delivering innovative, sustainable, and value-creating products that are intrinsic to our daily lives. Trinseo is dedicated to making a positive impact on society by partnering with like-minded stakeholders, and supporting the sustainability goals of our customers in a wide range of end-markets including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, and building and construction. Trinseo had approximately $3.0 billion in net sales in 2020 and has 26 manufacturing sites around the world and approximately 3,800 employees. For more information, please visit: www.trinseo.com.

Cautionary Note on Forward-Looking Statements

This press release may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Forward-looking statements may be identified by the use of words like "expect," "anticipate," "intend," "forecast," "outlook," "will," "may," "might," "see," "tend," "assume," "potential," "likely," "target," "plan," "contemplate," "seek," "attempt," "should," "could," "would" or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause such a difference include, but are not limited to those factors discussed in our Annual Report on Form 10-K, under Part I, Item 1A —"Risk Factors" and elsewhere in our other reports, filings and furnishings made with the U.S. Securities and Exchange Commission from time to time. As a result of these or other factors, our actual results may differ materially from those contemplated by the forward-looking statements. Therefore, we caution you against relying on any of these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211027005728/en/

Press Contact:

Trinseo

Dina Pokedoff

Tel : +1 610-240-3307

Email: dpokedoff@trinseo.com

Investor Contact:

Trinseo

Andy Myers

Tel : +1 610-240-3221

Email: aemyers@trinseo.com

Source: Trinseo

FAQ

Who is the new Chief Human Resources Officer at Trinseo?

Paula Cooney has been appointed as the new Chief Human Resources Officer at Trinseo.

When does Paula Cooney start her role at Trinseo?

Paula Cooney will assume her role effective November 29, 2021.

What experience does Paula Cooney bring to Trinseo?

Paula Cooney brings extensive HR experience from FLIR Systems and H.B. Fuller.

What is the significance of Paula Cooney's appointment for Trinseo?

Her appointment is crucial as Trinseo aims to transform into a specialty solutions provider.

Why did Alice Heezen leave Trinseo?

Alice Heezen is leaving Trinseo, but specific reasons for her departure were not disclosed in the press release.