Stepan Promotes Luis E. Rojo to President and Leading Government Officer

NORTHBROOK, Sick., Oct. 30, 2024 /PRNewswire/ — Stepan Corporate (NYSE: SCL) lately introduced the appointment of Luis E. Rojo as President and Leading Government Officer and as a member of the Board of Administrators, efficient in an instant.

Later a 31-year Stepan profession, Scott R. Behrens is departing the Corporate to pursue alternative alternatives. “We thank Scott for his leadership and his many contributions to the growth and diversification of Stepan over his career with the Company. During his various roles in R&D, sales and marketing, and leadership, he helped diversify our market presence, deliver innovative sustainable technologies and complete multiple acquisitions. We wish him well in his future endeavors,” mentioned F. Quinn Stepan, Jr., Chairman of the Board of Stepan.

Mr. Rojo used to be maximum lately the Corporate’s Vice President and Leading Monetary Officer, having served in that function since April 2018. He used to be up to now in an increasing number of senior finance management roles throughout his 21-year profession at Procter & Gamble Co. Along with his monetary experience and strategic acumen, Mr. Rojo’s enjoy comprises a focal point on using business and operational effects. His promotion to President and CEO underscores the Corporate’s constancy to forcing long-term strategic price for its shareholders.

“As CFO of Stepan, Luis has developed a deep understanding of all aspects of our business. While he has a strong financial mindset, he also brings a blend of strategic thinking combined with a laser focus on capturing current market and operational opportunities,” mentioned Mr. Stepan. “Luis is a passionate leader who cares deeply about our customers, employees and shareholders. Together with the strong team we have at Stepan, we are confident he will drive profit recovery and deliver value for our shareholders.”

“I am honored to assume the CEO role at Stepan Company and to work alongside our talented team,” mentioned Mr. Rojo. “Together we will work to deliver profitable growth based on customer-centric innovation and operational excellence. I am excited about the opportunities we have as a company and look forward to creating value for our shareholders.”

Stepan additionally introduced that Samuel S. Hinrichsen, lately the Corporate’s International Director of Finance, will handover as Vice President and Meantime Leading Monetary Officer till such hour as an enduring alternative is called. The Corporate intends to habits a complete seek to spot an enduring Leading Monetary Officer.

Company Profile

Stepan Corporate is a big producer of area of expertise and intermediate chemical compounds worn in a vast length of industries. Stepan is a important service provider manufacturer of surfactants, which might be the important thing substances in shopper and commercial cleansing and disinfection merchandise and in agricultural and oilfield answers. The Corporate could also be a important provider of polyurethane polyols worn within the increasing thermal insulation marketplace, and CASE (Coatings, Adhesives, Sealants, and Elastomers) industries.

Headquartered in Northbrook, Illinois, Stepan makes use of a community of recent manufacturing amenities positioned in North and South The united states, Europe and Asia.

The Corporate’s usual store is traded at the Unused York Keep Trade (NYSE) underneath the emblem SCL. For more info about Stepan Corporate please seek advice from the Corporate on-line at www.stepan.com.

Extra details about Stepan’s sustainability program may also be discovered at the Sustainability web page at www.stepan.com.

Sure data on this information leave is composed of forward-looking statements inside the that means of the Personal Securities Litigation Reform Occupation of 1995, Category 27A of the Securities Occupation of 1933, as amended, and Category 21E of the Securities Trade Occupation of 1934, as amended. Those statements come with statements about Stepan Corporate’s plans, targets, methods, monetary efficiency and outlook, traits, the quantity and timing of life money distributions, potentialities or life occasions and contain recognized and unknown dangers which can be tricky to are expecting. As a end result, Stepan Corporate’s fresh monetary effects, efficiency, achievements or potentialities might vary materially from the ones expressed or implied via those forward-looking statements. In some instances, you’ll be able to determine forward-looking statements via the significance of phrases corresponding to “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “guidance,” “predict,” “potential,” “continue,” “likely,” “will,” “would,” “should,” “illustrative” and permutations of those phrases and related expressions, or the unfavorable of those phrases or related expressions. Such forward-looking statements are essentially based totally upon estimates and suppositions that, age thought to be affordable via Stepan Corporate and its control in keeping with their wisdom and working out of the trade and trade, are inherently unsure. Those statements don’t seem to be promises of life efficiency, and stockholders will have to no longer playground undue reliance on forward-looking statements.

There are a selection of dangers, uncertainties and alternative impressive elements, a lot of which might be past Stepan Corporate’s regulate, that would purpose fresh effects to vary materially from the forward-looking statements contained on this information leave. Such dangers, uncertainties and alternative impressive elements come with, amongst alternative elements, the dangers, uncertainties and elements described in Stepan Corporate’s Mode 10-Okay, Mode 10-Q and Mode 8-Okay experiences and reveals to these experiences, and come with (however don’t seem to be restricted to) dangers and uncertainties indistinguishable to injuries, unplanned manufacturing shutdowns or disruptions in production amenities; decreased call for because of buyer product reformulations or unused applied sciences; our incapability to effectively create or introduce unused merchandise; compliance with regulations; our talent to spot appropriate acquisition applicants and effectively whole and combine acquisitions; international festival; volatility of uncooked subject material and effort prices and provide; disruptions in transportation or major modifications in transportation prices; downturns in sure industries and normal financial downturns; world trade dangers, together with forex alternate price fluctuations, prison restrictions and taxes; destructive solution of litigation in opposition to us; keeping up and protective highbrow detail rights; our talent to get admission to capital markets; international political, army, safety or alternative instability; prices indistinguishable to enlargement or alternative capital tasks; interruption or breaches of data generation techniques; our talent to keep govt control and key group of workers; and our debt covenants.

Those forward-looking statements are made handiest as of the presen hereof, and Stepan Corporate undertakes incorrect legal responsibility to replace or revise those forward-looking statements, whether or not on account of unused data, life occasions or in a different way.

SOURCE Stepan Corporate

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