Huntsman appoints new CFO

Woodlands chemicals maker Huntsman Corp. on Friday appointed Phil Lister executive vice president and chief financial officer.

Lister, who takes up his new post on July 1, replaces Sean Douglas, whose resignation is effective the same day. Douglas is leaving the company on a “full-time calling” to The Church of Jesus Christ of Latter-day Saints, the company announced in April.

The 48-year-old Lister has spent his entire 25-year career with Huntsman or his predecessors.

TELLURIAN LNG: Tellurian to start construction on Driftwood project this summer

Huntsman is a manufacturer of specialty chemicals such as polyurethanes used in foams, insulation, textiles and automotive manufacturing. Lister, who started out in the polyurethanes division of Imperial Chemical Industries, acquired by Huntsman in 1999, is familiar with the industry.

Lister, who is the company’s vice president of development, oversaw and closed a series of deals valued at more than $ 3.5 billion, the company said. In January, for example, Huntsman completed the $ 250 million cash acquisition of Gabriel Performance Products, a chemical manufacturer of additives and epoxy curing agents based in Akron, Ohio.

“As head of mergers and acquisitions, Phil has been instrumental in executing the company’s portfolio management strategy,” President and CEO Peter Huntsman said in a press release. “He has completed seven transactions in the past three years, which has allowed us to focus more downstream and on our specialty businesses, reduce our debt, strengthen our balance sheet and improve our trading multiple. In short, Phil has played and is playing a vital role in the overhaul of our business.

Peter Huntsman said Lister’s collective experience within the company will help the company continue to grow.

“As our business continues to aggressively transform organically and through acquisitions, Phil’s 25 years of experience, knowledge and strategic vision will only strengthen our continued efforts to create more value. for shareholders, ”Huntsman said.

Huntsman Corp. reported profit for the first three months of 2021, earning $ 83 million in the first quarter, compared to profit of $ 705 million for the same period in 2020. Revenue increased 16% to 1.84 billion over the period, compared to $ 1.59 billion over the period. first quarter 2020.

Source link

About Susan Dailey


Check Also

Linda Thompson faces candidate with name recognition and deeper pockets in fight to retain her seat

Voters in Spokane Valley will have to choose between a moderate and two conservatives for …

Leave a Reply

Your email address will not be published. Required fields are marked *