Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Huntsman campaigns for board votes

by Alexander H. Tullo
March 6, 2022 | A version of this story appeared in Volume 100, Issue 9

 

Huntsman CEO Peter Huntsman has sent a letter to shareholders urging them to vote for the firm’s slate of directors at its shareholders meeting March 25 and against four directors nominated by the activist investor firm Starboard Value, which owns 8.4% of Huntsman’s stock. The letter attacks the Starboard nominees, saying, for instance, that the experience of Jim Gallogly, who ran LyondellBasell Industries from 2009 to 2015, isn’t pertinent because it is a commodity chemical business and not a specialty chemical maker like Huntsman. The letter also states that only 3 of the 25 boards on which former PetSmart executive Susan C. Schnabel has sat were of firms in the chemical space. And it claims that former Celanese executive Sandra Beach Lin hasn’t had relevant experience in over a decade and wasn’t a top executive.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.