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Business
Schulman May Be Sold As CEO Retires
November 26, 2007
| A version of this story appeared in
Volume 85, Issue 48
A. Schulman Inc., the Akron, Ohio-based polymer compounder, has announced that CEO Terry L. Haines, a 42-year employee, will retire once a new chief is found. Schulman says it has "identified a highly qualified candidate" and is "negotiating with that individual to assume the CEO position by March 1, 2008." Schulman has also joined with Barington Capital, which owns about 9% of the company, to form a special committee of its board to consider strategic alternatives to maximize shareholder value, including acquisition, merger, or sale.
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