SALT LAKE CITY, Nov. 4, 2010 /PRNewswire-FirstCall/ --
Jon M. Huntsman, Founder and
Executive Chairman of Huntsman Corporation (NYSE: HUN) and Chairman
of a number of privately held companies, announced today that Mr.
H. E. "Bud" Scruggs has joined his enterprise and will serve
multiple senior management roles in Mr. Huntsman's companies and
foundations.
Mr. Scruggs will serve as President and CEO of Huntsman
Financial Corporation (HFC), a major, privately held holding
company with ownership interests in a multitude of businesses
around the world. He will also hold a senior position within
the legal department of Huntsman Corporation and assist with
government affairs. Additionally, Mr. Scruggs will carry out
key management responsibilities in the Huntsman Cancer Foundation
and other Huntsman-related charitable foundations.
Mr. Scruggs worked for twelve years at Leucadia National
Corporation where he was president of Leucadia Asset Management
Group. His responsibilities there included senior management
and leadership in banking, insurance, telecommunications, public
utilities and other businesses. Prior to joining Leucadia,
Mr. Scruggs was on the faculty of the Brigham
Young University Department of Political Science for five
years. A lawyer by training (BYU 1984), he has held a number
of corporate, government, political, and civic positions including
Chief of Staff to the Governor of Utah and Chairman of the University of Utah Board of Trustees. Mr.
Scruggs recently returned from Sydney,
Australia where he spent three years as a mission president
for the Church of Jesus Christ of
Latter-day Saints.
Mr. Scruggs and his wife, Shirley, are the parents of seven
children and reside in Salt Lake City,
Utah.
About Huntsman
Huntsman is a global manufacturer and marketer of
differentiated chemicals. Its operating companies manufacture
products for a variety of global industries, including chemicals,
plastics, automotive, aviation, textiles, footwear, paints and
coatings, construction, technology, agriculture, health care,
detergent, personal care, furniture, appliances and packaging.
Originally known for pioneering innovations in packaging and,
later, for rapid and integrated growth in petrochemicals, Huntsman
has approximately 11,000 employees and operates from multiple
locations worldwide. The Company had 2009 revenues of approximately
$8 billion. For more information
about Huntsman, please visit the company's website at
www.huntsman.com.
Forward-Looking Statements:
Statements in this release that are not historical are
forward-looking statements. These statements are based on
management's current beliefs and expectations. The forward-looking
statements in this release are subject to uncertainty and changes
in circumstances and involve risks and uncertainties that may
affect the company's operations, markets, products, services,
prices and other factors as discussed in the Huntsman companies'
filings with the U.S. Securities and Exchange Commission.
Significant risks and uncertainties may relate to, but are not
limited to, financial, economic, competitive, environmental,
political, legal, regulatory and technological factors. The company
assumes no obligation to provide revisions to any forward-looking
statements should circumstances change, except as otherwise
required by applicable laws.
SOURCE Huntsman Corporation