Orion Engineered Carbons announced today that Jack L. Clem, 65, who has served as CEO since 2011, will retire from his role. He will be nominated to join the Board of Directors and during a transition period will act as an advisor to the company. Mr. Clem will be replaced as CEO by Corning F. Painter, 55, a longtime senior executive formerly at Air Products and Chemicals, Inc. Mr. Painter also will be nominated to join the Board of Directors. The appointment of Messrs. Clem and Painter to the Board of Directors is subject to approval by shareholders in an extraordinary general meeting to be convened for this purpose on October 16, 2018.
I met Mr. Clem at the first carbon black conference I ever attended (Carbon Black World in Houston in 2004). Though I was unknown in the industry at the time, he came up to me and stuck out his hand and introduced himself, which meant a lot to me. We here at Notch wish him well in all his future endeavors.
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