Huntsman Building Solutions Announces Simon Baker as Global President
THE WOODLANDS, TX – October 22, 2020 – Huntsman Building Solutions (HBS) today announced that Doug Kramer, the founder and architect of Icynene-Lapolla’s success in the spray foam polyurethane business, has stepped down from his current role as joint President to become a consultant to the Business, focusing on strategic growth initiatives. Kramer will report directly to Tony Hankins, President of Huntsman Polyurethanes, HBS’s parent company. Simon Baker, formerly joint president of HBS, will become the global President of HBS, effective immediately.
Kramer has already started the transition to his new, more focused and strategic role and will begin executing on several key initiatives he helped create, including those relating to commercial and sales excellence and promoting energy conservation through advocacy efforts at the federal, state and local level.
Tony Hankins said: “Doug and Simon have been instrumental in bringing Icynene-Lapolla and Demilec together to create the world’s leading spray polyurethane foam business. I’m appreciative of Doug’s dedication and efforts, which have taken us to the strong position we are in today. I look forward to the benefit of his continuing commitment and expert counsel as we take our spray foam business to the next level together.”
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2019 revenues of approximately $7 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 70 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 9,000 associates within our four distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed under the caption "Risk Factors" in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman’s operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.