STEPAN COMPANY (NYSE:SCL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
(b) Departure of Named Executive Officer.
Effective as of August15, 2017, Mr.Scott Mason, Vice President, Supply Chain, will retire and separate from Stepan Company (the “Company”). In connection with Mr.Mason’s departure, the Company intends to enter into a separation agreement with Mr.Mason, and when such agreement has been entered into, the Company will file a Form 8-K with respect thereto.
Effective as of August16, 2017, Mr.Art Mergner, currently Vice President and General Manager, Polymers of the Company, will succeed Mr.Mason in the position of Vice President, Supply Chain of the Company. Mr.Mergner started his career at the Company in 1989 as a Product Development Chemist. Before transferring to the Company’s Surfactants business in 1998, Mr.Mergner held the position of Business Manager, Polyurethane Systems. While in Surfactants, Mr.Mergner served as Business Manager, Laundry& Cleaning Products and was promoted to Director, Global Consumer Products. Mr.Mergner was promoted to Vice President, Global Procurement in 2009 and to Vice President and General Manager, Polymers in 2014. Mr.Mergner holds a Bachelor of Science degree in Chemistry, as well as an MBA, both from the University of Cincinnati, along with a JD from DePaul University.
About STEPAN COMPANY (NYSE:SCL)
Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a variety of end products. The Company has three segments: Surfactants, Polymers and Specialty Products. The Company’s Surfactants segment offers products, which are principal ingredients in consumer and industrial cleaning products, such as detergents for washing clothes, dishes, carpets, floors and walls, as well as shampoos and body washes. The Company’s Polymers segment includes polyurethane polyols, polyester resins and phthalic anhydride. The Company’s Specialty Products segment includes flavors, emulsifiers and solubilizers used in food, flavoring, nutritional supplement and pharmaceutical applications. Its markets include manufacturers of cleaning and washing compounds, paints, cosmetics, food, beverages, nutritional supplements, agricultural products, plastics, furniture, automotive equipment, insulation and refrigeration.
