Trinseo Chief Financial Officer Barry J. Niziolek Announces Plans to Retire in 2019
BERWYN, Pa.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24TSE&src=ctag” target=”_blank”gt;$TSElt;/agt; lt;a href=”https://twitter.com/hashtag/Materials?src=hash” target=”_blank”gt;#Materialslt;/agt;–Trinseo
(NYSE: TSE), a global materials company and manufacturer of plastics,
latex binders, and synthetic rubber, today announced that Barry J.
Niziolek, Executive Vice President and Chief Financial Officer, has
announced his plans to retire around mid-year 2019.
Trinseo’s Board of Directors engages in ongoing succession planning
discussions. They are evaluating internal and external candidates, and
intend to name a successor as soon as practicable.
“On behalf of the Board, I want to thank Barry for his leadership in
strengthening the Company’s financial performance, compliance programs
and operational discipline during his tenure as Trinseo’s CFO,” said
Chris Pappas, President and CEO of Trinseo. “We will miss his counsel
and we wish him all the best in his well-deserved retirement.”
About Barry Niziolek
Barry Niziolek joined Trinseo in June of 2016 as Executive Vice
President and Chief Financial Officer of the Company. In this role,
Niziolek is responsible for corporate financial reporting, audit,
treasury, tax, internal controls and corporate governance. During his
tenure, Niziolek led initiatives in the company’s capital allocation,
corporate governance, investor communications and interactions, aligning
business strategic planning with annual budgeting, and more closely
integrating finance with business activities.
Prior to joining Trinseo, Niziolek was Vice President and Controller at
DuPont, where he had extensive experience in finance leadership,
governance and compliance, board interactions, mergers and acquisitions,
risk management, corporate planning, new business development, and
investor relations. During his 34 years at DuPont, Niziolek held a wide
range of Finance roles, including CFO for the titanium dioxide and
coatings businesses, as well as CFO for the crop protection business. He
also served as CFO for DuPont’s Mexico operations, where he was based in
Mexico City. Other DuPont assignments included investor relations,
information systems, business analysis and accounting. He began his
career at KPMG as a Senior Auditor.
Niziolek holds a Master of Business Administration from the University
of Delaware and a Bachelor’s degree in Accounting from Wilkes
University. He is a Certified Public Accountant. Barry and his wife
Susan live in Delaware; together, they have five children, two beautiful
grand-daughters, and a third on the way.
About Trinseo
Trinseo (NYSE: TSE) is a global materials solutions provider and
manufacturer of plastics, latex binders, and synthetic rubber. We are
focused on delivering innovative and sustainable solutions to help our
customers create products that touch lives every day — products that are
intrinsic to how we live our lives — across a wide range of end-markets,
including automotive, appliances, consumer electronics, medical devices,
electrical, building and construction, textile, paper and board,
footwear and tires. Trinseo had approximately $4.6 billion in net sales
in 2018, with 16 manufacturing sites around the world, and approximately
2,500 employees. For more information visit www.trinseo.com
Note on Forward-Looking Statements
This press release may contain “forward-looking statements” within the
meaning of the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,” “target,”
“outlook,” “guidance,” “intend,” “plan,” “may,” “will,” “could,”
“should,” “believes,” “predicts,” “potential,” “continue,” and similar
expressions are intended to identify such forward-looking statements.
Forward-looking statements in this press release may include, without
limitation, forecasts of performance, growth, net sales, business
activity, and other matters that involve known and unknown risks,
uncertainties and other factors that may cause results, levels of
activity, performance or achievements to differ materially from results
expressed or implied by this press release. Such factors include, among
others: conditions in the global economy and capital markets; the
inability of the Company to execute on its business strategy; volatility
in costs or disruption in the supply of the raw materials utilized for
our products; loss of market share to other producers of chemical
products; compliance with laws and regulations impacting our business;
changes in laws and regulations applicable to our business; our
inability to continue technological innovation and successful
introduction of new products; system security risk issues that could
disrupt our internal operations or information technology services; the
loss of customers; the market price of the Company’s ordinary shares
prevailing from time to time; the nature of other investment
opportunities presented to the Company from time to time; and the
Company’s cash flows from operations. Additional risks and uncertainties
are set forth in the Company’s reports filed with the United States
Securities and Exchange Commission, which are available at http://www.sec.gov/
as well as the Company’s web site at http://www.trinseo.com.
As a result of the foregoing considerations, you are cautioned not to
place undue reliance on these forward-looking statements, which speak
only as of the date of this press release. All forward-looking
statements are qualified in their entirety by this cautionary statement.
The Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contacts
Press contacts:
Trinseo
Donna St. Germain
Tel : +1
610-240-3307
Email: [email protected]
Makovsky
Doug Hesney
Tel: +1 212-508-9661
Email: [email protected]
Investor Contact:
Trinseo
David Stasse
Tel : +1
610-240-3207
Email: [email protected]
