CLAYTON, Mo., Oct. 25, 2017 /PRNewswire/ -- Olin
Corporation (NYSE: OLN) announced today that Earl L. Shipp, 60, was elected by Olin's Board
of Directors to serve on Olin's Board, Audit Committee and
Directors and Corporate Governance Committee of the Board effective
October 25, 2017. Mr. Shipp is
the third director designated by DowDuPont (NYSE: DWDP),
formerly known as The Dow Chemical Company (NYSE: DOW), a
diversified chemical manufacturing company, in connection with the
Reverse Morris Trust transaction between Dow and Olin, which was
completed on October 5, 2015.
Mr. Shipp served as Dow's Vice President, US Gulf Coast
Operations from November 2010 to
September 30, 2017. During his
36 years at Dow, Mr. Shipp assumed increasingly more significant
management and operational positions across Dow's portfolio of
businesses. He serves on the board of directors of CHI St.
Luke's Health Systems, Texas Taxpayer and Research Association and
The Economic Development Alliance of Brazoria County. Mr.
Shipp has a bachelor's degree in chemical engineering from
Wayne State University and completed
the Executive Education Program at Indiana
State University School of Business.
John E. Fischer, Olin's Chairman,
President and Chief Executive Officer, said, "Our Board is
delighted to add a director of Earl's caliber, particularly with
his extensive management experience in the chemicals
industry. We look forward to his advice and counsel."
Today, Olin's Board of Directors declared a quarterly dividend
of 20 cents on each share of Olin
common stock. The dividend is payable on December 11, 2017 to shareholders of record at
the close of business on November 10,
2017. This marks the company's 364th consecutive
quarterly dividend.
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 - 21
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SOURCE Olin Corporation