After the merger closes, we will be one company and the hard work of successfully integrating these
two businesses will begin in earnest. Ahead of that, there will be a considerable amount of planning that will need to take place. To ensure this is done thoroughly and properly, I am announcing two new, dedicated roles to lead the
process. First, Jen McIntyre will step out of her global supply chain role to become Chief Integration Officer. In this role, Jen will be responsible to me for planning the successful integration of Univar and Nexeo, adhering to the
guiding principle of becoming the most valued chemical and ingredient distributor in the world by combining the best of the best.
Secondly, managing such
a complex project takes a very particular set of experience and skills, and Im delighted to announce that in Steve Richards, we already have the right person on our team. Steve will take on the full time role as Director of the
Integration Management Office, or IMO for short. All the work streams involved in the successful merger of the companies will be run by Steves IMO. Soon, he and Jen will build out their integration planning teams, which
will come from every corner of the Univar business, as well as from Nexeos. More details to come as the plans are developed.
Between now and
closing we will also carry out a comprehensive review of what the right strategy and approach is for the impressive Nexeo plastics business in North America, Europe and Asia. Outside of our small but highly successful Distrupol business in
Northern Europe, Univar has not operated in polymer distribution. So establishing whether we are the best home for this industry leading business to maximize its undoubted potential is a very important question and one that this review will
seek to answer. We expect to provide periodic and timely updates to all stakeholders as further information becomes available.
Im sure over
the coming days and weeks you will have many questions. Weve already begun briefing your leaders, so feel free to ask questions to any member of the Global Leadership Team or use the AskDavid email address. In the meantime, I
will tell you that I couldnt be more pleased by todays announcement and the opportunity it affords people in both companies to be part of something very special: combining the best of the best to build the most valued chemical and
ingredient distributor in the world and the leading destination for digital commerce and content in our industry. Youve heard me say before that its a great time to be at Univar. Well the good times just got better!
Thanks for listening. Stay safe and keep selling the value of Univar.
Forward-Looking Statements
This communication
contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 codified in Section 27A of the Securities Act, and Section 21E of the Exchange Act, as amended. Some forward-looking statements
may be identified, without limitation, by the use of forward-looking terminology such as anticipate, assume, believe, estimate, expect, intend, plan,
project, may, will, could, would and similar expressions. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout
this communication and include statements regarding, among other things, the expected timetable for closing of the proposed transaction between Univar Inc. (Univar) and Nexeo Solutions, Inc. (Nexeo), the expected benefits and
synergies of the proposed transaction and the operating results, performance and capital structure of the combined company.