Spartech Elects Ralph B. Andy Chairman of Board; Joined Board in 1998
January 02 2008 - 7:01PM
PR Newswire (US)
Outgoing Chairman Jackson W. Robinson Resumes Service as Director
ST. LOUIS, Jan. 2 /PRNewswire-FirstCall/ -- Spartech Corporation
(NYSE:SEH), a leading producer of plastics materials and packaging,
said today that Ralph B. Andy, a director of the company for the
past nine years, has been elected Chairman of the Board of
Directors. Spartech produces engineered thermoplastic sheet
materials, polymeric compounds and concentrates, engineered
products and advanced packaging solutions. Andy succeeds Jackson W.
Robinson, who had held the non-executive chairmanship for two and a
half years. "We are absolutely delighted to have an executive of
Ralph Andy's stature guiding the activities of our Board,"
commented Robinson. "His wisdom and wealth of experience in
thermoplastic materials and polymeric compounds will be of immense
value. Ralph Andy is a proven entrepreneur, having founded and
built two highly successful businesses, and he has been an
invaluable member of the Spartech Board since 1998. "Ralph
frequently has demonstrated his strong business skills, having
served as a past Chairman of the Board's Compensation Committee and
currently as a member of both the Compensation Committee and the
Governance Committee. I've appreciated his insight, CEO experience
and guidance, and I know Spartech's management team will benefit
from his leadership. Ralph is in an excellent position to ensure
that the Board maintains the discipline and independent perspective
required to safeguard and enhance our shareholders' interests,"
Robinson added. "I'm both honored and pleased to accept the
position as Chairman of the Board. And, on behalf of all of us at
Spartech, I'd like to thank Jack Robinson for his many
contributions to the growth and success of the company over the
past 15 years and particularly while he was Chairman during the
past two and half years. We're happy that we will continue to
benefit from his seasoned experience and counsel as a member of the
Board," Andy said. "I see a bright future ahead for Spartech," Andy
said. "The company has a strong, independent Board of Directors
that will continue to provide solid corporate governance and ensure
business transparency. We will work closely with Spartech's
management to enhance shareholder value. Andy, 63, joined the
Spartech Board in 1998 when the company acquired Polycom Huntsman,
Inc., a manufacturer of plastic raw material compounds. Andy is
currently Chief Executive Officer of Pennatronics Corporation, an
electronics contract manufacturer located in California, PA. About
Spartech Spartech Corporation is a leading producer of engineered
thermoplastic sheet materials, polymeric compounds and concentrates
and engineered product solutions. The company has facilities
throughout the United States, Canada, Mexico and Europe with annual
sales of approximately $1.5 billion. DATASOURCE: Spartech
Corporation CONTACT: Randy C. Martin, Executive Vice President and
Chief Financial Officer of Spartech Corporation, +1-314-721-4242
Web site: http://www.spartech.com/
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