Kraton Corporation, a leading global producer of styrenic block copolymers, specialty polymers and high-value performance products derived from pine wood pulping co-products, appointed Ms. Shelley Bausch, Global Vice President, Global Industrial Coatings at PPG Industries and Mr. Mark Blinn, former Chief Executive Officer and President of Flowserve Corporation, to the company’s Board of Directors. The appointment is effective as of August 11, 2017.
Shelley Bausch is the Global Vice President, Global Industrial Coatings at PPG Industries, where she has held the role since 2014. Ms. Bausch began her career at Dow Corning Corporation in 1988, and most recently served at Dow Corning Corporation’s Business Vice President, Finished Products from 2011 to 2014.
Mark Blinn served in various positions at Flowse
rve, including, most recently as the Chief Executive Officer and President from October 2009 until March 2017 and Chief Financial Officer from October 2004 to October 2009. Prior to Flowserve, Mr. Blinn held senior finance, treasury and planning positions at FedEx Kinko’s Office and Print Services, Inc., Centex Corp., FirstPlus Financial Inc., Electronic Data Systems Corp. and Commercial Capital Funding Inc.
Kevin M. Fogarty, Kraton’s President and CEO, commented:
“In these two excellent candidates, we have expanded the financial expertise and industry experience of our board. I am proud that our Company has continued to move forward with a commitment to identifying board candidates who bring a diverse range of perspectives, skills, and experience to our board.”
In 2Q2017 Kraton decreased EBITDA margin to 19.3%.
Earlier Kraton Corporation increased prices for Rosin Ester, Terpene and AMS/AMS Phenolic Product lines from July 1, 2017.
About Kraton Corporation:
The company is a leading global producer of styrenic block copolymers, specialty polymers and high-value performance products derived from pine wood pulping co-products. The company’s polymers are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving, roofing and footwear products. As the largest global provider in the pine chemicals industry, the company’s pine -based specialty products are sold into adhesive, road and construction and tire markets, and it produces and sells a broad range of chemical intermediates into markets that include fuel additives, oilfield chemicals, coatings, metalworking fluids and lubricants, inks, flavors and fragrances and mining.