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Business
Barington Nominates Omnova Directors
by Alexander H. Tullo
December 15, 2014
| A version of this story appeared in
Volume 92, Issue 50
Responding to what it calls 14 years of underperformance at Omnova Solutions, the activist investment fund Barington Capital has nominated three independent directors for election to Omnova’s board next year. The three are Joseph M. Gingo, CEO of A. Schulman, a plastics compounder partially owned by Barington; Javier Perez, a former partner at the consulting firm McKinsey & Co.; and James A. Mitarotonda, Barington’s CEO. Barington says the specialty chemical maker should divest its engineered surfaces business, which makes products such as wall laminates and furniture upholstery.
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