MALVERN,
Pa., Feb. 27, 2024 /PRNewswire/ -- Ecovyst Inc.
(NYSE: ECVT) ("Ecovyst" or the "Company"), a leading integrated and
innovative global provider of advanced materials, specialty
catalysts and services, today announced that its Board of Directors
(the "Board") has appointed Sarah
Lorance as a director effective March
1, 2024, expanding the size of Ecovyst's Board from eight to
nine members.
In addition, the Board has nominated Don
Althoff for election at the 2024 annual meeting of
stockholders, which is scheduled to be held on May 8, 2024. If elected, Mr. Althoff will fill
the pending vacancy created by the retirement of director
Kyle Vann, who will not stand for
reelection.
"On behalf of our Board, I am pleased to welcome Sarah Lorance to Ecovyst and to congratulate
Don Althoff on his nomination for
election as a director. We believe Sarah's extensive background in
finance, merger and acquisitions, risk management / control
environment improvement, and compliance will complement the
knowledge base and skills of our existing Board. We also believe
Don's extensive experience in the chemical and energy industries
will serve as important guidance and counsel. Refreshment that
expands diversity in experience and critical perspectives has been
a priority for our Board, and we believe Sarah and Don's
contributions will benefit all of Ecovyst's stakeholders,"
said Kevin M. Fogarty, Chairman of
Ecovyst's Board of Directors.
"We are pleased to announce these two additions to our Board,"
said Kurt J. Bitting, Ecovyst's
Chief Executive Officer. "I am proud of our Board and the progress
that comes from thoughtful, deliberate refreshment. I am confident
that the business experience that both Sarah and Don bring will
translate into valuable insights as we continue to advance our
strategies for growth and long-term value creation. I also want to
recognize Kyle Vann for his years of
service as a valued Board member. Since 2014, Kyle has served as a
director, initially for Eco Services, and subsequently
for Ecovyst. We thank him for his many contributions and wish
him well in his future endeavors."
About Sarah Lorance
Ms. Lorance has over 25 years of business experience, including
as Owner and Executive Consultant at Autumn Advisors, LLC since
2021 and in various capacities from 1997 to 2020 at Elevance
Health, Inc. (formerly Anthem, Inc.), where she most recently
served as Chief Compliance Officer. Ms. Lorance currently serves on
the board of directors of the Alzheimer's Association, where she is
Chair of the Board, Chair of the Executive Committee and a member
of the Compensation Committee. Additionally, Ms. Lorance
currently serves on the board of directors of VSP Vision, where she
is a member of the Finance and Audit Committees. Ms. Lorance
also currently serves on the board of directors of the Knoebel
Institute of Healthy Aging at the University
of Denver, where she is an Advisory Board Member. She holds
a B.B.A. degree in Accounting from the University of Iowa. She also is a certified public
accountant and is NACD Directorship
Certified®.
About Don Althoff
Mr. Althoff has over 40 years of experience in the chemical and
energy industries. Don served as Director and Chairman of the Board
of Vereson Midstream LP from 2019 to 2022, and Director of
Alliance Pipeline and Aux Sable LP from 2019 to 2022. From 2017 to
2019 he served as President and Chief Executive Officer
of Veresen Midstream LP, and he served as President and Chief
Executive Officer of Veresen Inc. from 2012 to 2017. From 2008 to
2012 he was President and Chief Executive Officer at Flex Fuel.
From 1981 to 2008, Mr. Althoff served in roles of increasing
responsibility with Amoco Corporation and BP PLC. Mr. Althoff holds
a Bachelor of Science in Chemical Engineering from the University of Illinois.
About Ecovyst Inc.
Ecovyst Inc. and subsidiaries is a leading integrated and
innovative global provider of advanced materials, specialty
catalysts and services. We support customers globally through our
strategically located network of manufacturing facilities. We
believe that our products, which are predominantly inorganic, and
our services contribute to improving the sustainability of the
environment.
We have two uniquely positioned specialty businesses:
Ecoservices provides sulfuric acid recycling to the North
American refining industry for the production of alkylate and
provides high quality and high strength virgin sulfuric acid for
industrial and mining applications. Ecoservices also provides
chemical waste handling and treatment services, as well as ex-situ
catalyst activation services for the refining and petrochemical
industry. Advanced Materials & Catalysts provides
finished silica catalysts, catalyst supports and functionalized
silicas necessary to produce high performing plastics and to enable
sustainable chemistry, and through its Zeolyst joint venture,
innovates and supplies specialty zeolites used in catalysts that
support the production of sustainable fuels, remove nitrogen oxides
from diesel engine emissions, and that are broadly applied in
refining and petrochemical processes.
For more information:
Gene Shiels – Director of
Investor Relations
(484) 617-1225
gene.shiels@ecovyst.com
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SOURCE Ecovyst Inc.