AdvanSix Appoints Patrick S. Williams to Board of Directors and Announces General Counsel Succession
26 February 2020 - 9:15AM
Business Wire
John M. Quitmeyer to Retire as Senior Vice
President, General Counsel and Corporate Secretary; Achilles B.
Kintiroglou to Succeed
AdvanSix (NYSE: ASIX) announced today the appointment of Patrick
S. Williams to its Board of Directors. Mr. Williams has served as
Director, President and CEO of Innospec Inc., an international
specialty chemicals company, since 2009. Mr. Williams will serve on
AdvanSix’s Compensation and Leadership Development Committee and
newly established Health, Safety, Environmental and Sustainability
Committee of the Board of Directors.
“We are excited to welcome Patrick to the AdvanSix Board and are
impressed with his diverse set of skills within our industry,” said
Michael Marberry, Board Chairman of AdvanSix. “Patrick brings
decades of leadership experience with a proven track record of
success on a global scale and we look forward to his
contributions.”
Prior to his appointment as Director, President and CEO of
Innospec, Mr. Williams held roles of increasing responsibility
since joining Innospec in 1993. He holds a bachelor’s degree from
the University of Colorado, Boulder.
“We’re grateful to be adding someone of Patrick’s caliber to our
Board and look forward to leveraging his leadership and insight to
advance our corporate strategic priorities,” said Erin Kane,
president and CEO of AdvanSix.
The Company also announced today that John M. (Hans) Quitmeyer,
who has served as Senior Vice President, General Counsel and
Corporate Secretary since the spin-off in 2016, has decided to
retire, effective April 1, 2020. The Board has appointed Achilles
B. Kintiroglou as Senior Vice President, General Counsel and
Corporate Secretary, effective upon Mr. Quitmeyer’s retirement. Mr.
Kintiroglou has served as Deputy General Counsel and Assistant
Corporate Secretary of AdvanSix since the spin-off in 2016.
“We thank Hans for his dedicated leadership and contributions to
AdvanSix since the Company’s spin-off in 2016. Hans has served as a
trusted advisor to our leadership team and Board of Directors,
providing guidance and counsel during the critical stage of
launching AdvanSix as an independent public company. His
partnership has been invaluable, and we wish him a wonderful
retirement,” Kane said. “Achilles has strong business acumen and
deep legal expertise, and he is a welcome addition to AdvanSix’s
leadership team. He has been instrumental in guiding our transition
as a public company and supporting our business with strategic
guidance. Achilles’ breadth of experience makes him a terrific fit
for this position.”
Prior to joining the Company, Mr. Kintiroglou was a corporate
and securities partner at Day Pitney LLP. Mr. Kintiroglou earned a
law degree from Seton Hall University School of Law, where he
received a presidential scholarship and cum laude recognition, and
a bachelor’s degree from the University of Pennsylvania.
About AdvanSix
AdvanSix is a leading manufacturer of Nylon 6, a polymer resin
which is a synthetic material used by our customers to produce
fibers, filaments, engineered plastics and films that, in turn, are
used in such end-products as carpets, automotive and electronic
components, sports apparel, food packaging and other industrial
applications. As a result of our backward integration and the
configuration of our manufacturing facilities, we also sell
caprolactam, ammonium sulfate fertilizer, acetone and other
intermediate chemicals, all of which are produced as part of our
integrated manufacturing value chain. More information on AdvanSix
can be found at http://www.advansix.com.
Forward Looking Statements
This release contains certain statements that may be deemed
“forward-looking statements” within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended. All statements,
other than statements of historical fact, that address activities,
events or developments that our management intends, expects,
projects, believes or anticipates will or may occur in the future
are forward-looking statements. Forward-looking statements may be
identified by words like "expect," "anticipate," "estimate,"
“outlook”, "project," "strategy," "intend," "plan," "target,"
"goal," "may," "will," "should" and "believe" or other variations
or similar terminology. Although we believe forward-looking
statements are based upon reasonable assumptions, such statements
involve known and unknown risks, uncertainties and other factors,
many of which are beyond our control and difficult to predict,
which may cause the actual results or performance of the Company to
be materially different from any future results or performance
expressed or implied by such forward-looking statements. Such risks
and uncertainties include, but are not limited to: the impact of
scheduled turnarounds and significant unplanned downtime and
interruptions of production or logistics operations as a result of
mechanical issues or other unanticipated events such as fires,
severe weather conditions, and natural disasters; price
fluctuations and supply of raw materials; our operations and growth
projects requiring substantial capital; general economic and
financial conditions in the U.S. and globally; growth rates and
cyclicality of the industries we serve including global changes in
supply and demand; risks associated with our indebtedness including
with respect to restrictive covenants; failure to develop and
commercialize new products or technologies; loss of significant
customer relationships; adverse trade and tax policies; extensive
environmental, health and safety laws that apply to our operations;
hazards associated with chemical manufacturing, storage and
transportation; litigation associated with chemical manufacturing
and our business operations generally; inability to acquire and
integrate businesses, assets, products or technologies; protection
of our intellectual property and proprietary information; prolonged
work stoppages as a result of labor difficulties; cybersecurity and
data privacy incidents; failure to maintain effective internal
controls; disruptions in transportation and logistics; our
inability to achieve some or all of the anticipated benefits of our
spin-off including uncertainty regarding qualification for expected
tax treatment; fluctuations in our stock price; and changes in laws
or regulations applicable to our business. You are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date of this release. Such forward-looking
statements are not guarantees of future performance, and actual
results, developments and business decisions may differ from those
envisaged by such forward-looking statements. We identify the
principal risks and uncertainties that affect our performance in
our filings with the Securities and Exchange Commission, including
our Annual Report on Form 10-K for the year ended December 31,
2019.
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version on businesswire.com: https://www.businesswire.com/news/home/20200225006078/en/
Media Debra Lewis (973) 526-1767 debra.lewis@advansix.com
Investors Adam Kressel (973) 526-1700
adam.kressel@advansix.com
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