Stepan Company Elects Gary E. Hendrickson to Board of Directors
April 22 2009 - 6:36PM
PR Newswire (US)
NORTHFIELD, Ill., April 22 /PRNewswire-FirstCall/ -- Stepan Company
(NYSE: SCL), a global manufacturer of specialty and intermediate
chemicals, today announced the election of Gary E. Hendrickson to
its Board of Directors. He succeeds Robert D. Cadieux, who retired
from the Board after 17 years of dedicated service to the Company.
Hendrickson is the President and Chief Operating Officer of Valspar
Corporation, a global leader in the paint and coatings industry.
Hendrickson has worked for Valspar for 15 years in a variety of
managerial and leadership positions that included responsibility
for Asia and Valspar's branding objectives. Prior to joining
Valspar, Hendrickson served in the U.S. Navy for 11 years. "Gary
brings strong managerial and leadership skills to Stepan's Board,"
said F. Quinn Stepan, Chairman of Stepan Company. "His global
insight and strategic responsibilities will contribute to the
successful execution of Stepan's growth strategy." Stepan Company,
headquartered in Northfield, Illinois, is a leading producer of
specialty and intermediate chemicals used in household, industrial,
personal care, agricultural, food and insulation related products.
The common and the convertible preferred stocks are traded on the
New York and Chicago Stock Exchanges under the symbols SCL and
SCLPR. For more information, visit Stepan's website at
http://www.stepan.com/. Except for historical information, all
other information in this news release consists of forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those projected, anticipated or implied. The most
significant of these uncertainties are described in Stepan
Company's Form 10-K, Form 8-K and Form 10-Q reports and exhibits to
those reports, and include (but are not limited to), prospects for
our foreign operations, foreign currency fluctuations, certain
global and regional economic conditions, the probability of future
acquisitions and the uncertainties related to the integration of
acquired businesses, the probability of new products, the loss of
one or more key customer or supplier relationships, the costs and
other effects of governmental regulation and legal and
administrative proceedings, including the expenditures necessary to
address and resolve environmental claims and proceedings, and
general economic conditions. These forward-looking statements are
made only as of the date hereof, and Stepan Company undertakes no
obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise.
DATASOURCE: Stepan Company CONTACT: James E. Hurlbutt,
+1-847-446-7500 Web Site: http://www.stepan.com/
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