BEACHWOOD, Ohio – Omnova Solutions Inc. has appointed Anne P. Noonan to president and CEO of the decorative surfaces and chemicals firm. She replaces Kevin M. McMullen who is stepping down to pursue other interests, effective Dec.1. William R. Seelbach will take over McMullen's role as chairman at Omnova, also effective Dec. 1.
Noonan is currently the president of Omnova’s Performance Chemicals business. Prior to joining Omnova(NYSE: OMN) in 2014, she served as senior vice president and president of Chemtura Corp.’s Industrial Engineered Products business segment with over $1 billion in revenues. Her almost 30 years of experience in the chemical's industry also includes work at Great Lakes Chemical Corp., McNeil Specialty Chemicals Co. and Squibb-Linson.
“I am excited to have the opportunity to lead OMNOVA and look forward to working with this dedicated, talented team to position the company as a premier global, innovative specialty solutions provider," Noonan said. "Kevin has provided a solid foundation to build upon, developing and leading an organization that is committed to its customers, employees, communities and shareholders.”
“We are confident Anne will continue to drive enhanced value for shareholders,” said Merriman. “She has a proven record of transformational change and improving performance through her leadership, customer focus, and emphasis on value creation. We are pleased she has agreed to lead Omnova, and we look forward to the contributions she will make to the company and the board."
Seelbach, who succeeds McMullen as Omnova’s chairman, has been a non-executive member of Omnova’s Board of Directors since 2002. He is a senior advisor with large private equity firm Riverside Co., and a senior managing director of consulting firm Headwaters SC. Previously, he was the president and CEO of the Ohio Aerospace Institute, and also served as president of Brush Engineered Materials Inc., now known as Materion Corp. Seelbach was also the chairman and CEO of Inverness Partners, a limited liability company engaged in acquiring and operating Midwestern manufacturing companies, and a partner with McKinsey & Co.
McMullen leaves Omnova after 16 years of leadership. During his term, McMullen repositioned the company as a global leader in specialty chemicals and engineered surfaces, including the acquisition of Eliokem International.
"I feel really good about where Omnova is today as a company," McMullen said. "Our specialty businesses are poised for above-market growth, our balance sheet has improved significantly, and we just completed a far-reaching strategic planning process that highlighted many exciting long-term opportunities. The company is well-positioned to deliver significant long-term shareholder value."
He added, "We have a strong and committed team – I will truly miss the people. But I'm relatively young and I want to pursue other interests. I think now is the time to pursue them."
“Kevin is a high-integrity leader with strong strategic and business acumen," said Michael J. Merriman, presiding director of the Omnova Board of Directors. "He has consistently been aggressive in assessing the market and competitive environment, and taking the necessary actions to make the company better. He leaves an organization with a well-designed growth strategy and strong leadership team in place. On behalf of the entire Omnova Board and the Company, I want to express our gratitude for a job well done and wish Kevin only the best. He will be missed."
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