Huntsman Appoints David Sewell to Board of Directors
THE WOODLANDS, TX — Huntsman Corp. recently announced that it has appointed David B. Sewell to its board of directors. Sewell currently serves as Chief Executive Officer of WestRock Co., was the Chief Operating Officer of The Sherwin-Williams Co., and brings nearly 15 years of senior leadership and operational experience at major materials companies to the Huntsman board. The announcement brings Huntsman's multi-year board director succession plan closer to completion and follows the announcement of several recent strategic actions the company has taken to support the financial and operational objectives it outlined at its November Investor Day.
"Since Investor Day when we announced ambitious new financial targets, our board has continued to oversee a series of significant initiatives to achieve those objectives," said Peter R. Huntsman, Chairman, President and CEO. "As part of a comprehensive strategy to enhance shareholder value, we have launched a strategic review of the Textile Effects Division to advance our focus on portfolio enhancement and implemented an incentive compensation program for all Huntsman officers and vice presidents to closely align their interests with the realization of the Investor Day targets, including margin expansion, cost optimization and cash flow delivery."