CLAYTON, Mo., Feb. 27, 2017 /PRNewswire/ -- Today, Olin
Corporation (NYSE: OLN) announced that Joseph D. Rupp will retire on April 27, 2017 as Chairman of the Olin Board of
Directors after 45 years with the company. Olin President and Chief Executive Officer
John E. Fischer will become
Chairman, President and Chief Executive Officer effective the same
day.
Under Rupp's leadership, Olin accelerated its business
transformation, becoming the world's leading chlor alkali company,
the leading producer of membrane grade caustic soda, epoxy
materials, chlorinated organics, chlorine, industrial bleach and on
purpose hydrochloric acid, and a leading U.S. manufacturer of small
caliber ammunition. During his tenure as Chairman, Olin made
several value-creating acquisitions and delivered growth and record
financial performance.
"On behalf of Olin's Board of Directors, we want to recognize
Joe's outstanding leadership and strategic vision in guiding Olin
through one of the most important impactful time periods in its
125-year history," said Richard
Rompala, Olin's independent lead director. "Joe's
leadership has transformed Olin and set the company on a solid path
for future growth and success. We thank him for his many
contributions and wish him the very best."
Rupp, 66, served as Chairman since May
2016, Chairman and Chief Executive Officer from 2015-2016,
Chairman, President and Chief Executive Officer from 2005-2014, and
President and Chief Executive Officer from 2002-2005.
Fischer, 61, has served as President and Chief Executive Officer
since May 2016 and President and
Chief Operating Officer since 2014. He was Olin's Chief
Financial Officer from 2005-2014. During his 32 years with
Olin, he has served in a variety of key business and functional
leadership roles in the United States. In addition to his
prior financial and information technology responsibilities, Mr.
Fischer led Olin's strategic planning and the integration of the
acquired businesses from The Dow Chemical Company into Olin.
COMPANY DESCRIPTION
Olin Corporation is a leading vertically-integrated global
manufacturer and distributor of chemical products and a leading
U.S. manufacturer of ammunition. The chemical products
produced include chlorine and caustic soda, vinyls, epoxies,
chlorinated organics, bleach and hydrochloric acid.
Winchester's principal manufacturing facilities produce and
distribute sporting ammunition, law enforcement ammunition,
reloading components, small caliber military ammunition and
components, and industrial cartridges.
Visit www.olin.com for more information on Olin.
2017-05
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SOURCE Olin Corporation