Calumet Completes Transition of Steve Mawer to Board Chairman
On November 7, 2022, Calumet Specialty Products Partners, L.P.
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Rhea-AI Summary
On November 7, 2022, Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) announced Steve Mawer's transition from Executive Chairman to Chairman of the Board, effective January 1, 2023. This change marks the conclusion of a planned transition begun earlier in the year. CEO Todd Borgmann expressed gratitude for Mawer's leadership and emphasized the company's operational performance and ongoing business transformation. Further details can be found in the Form 8-K filed with the U.S. Securities and Exchange Commission.
Positive
- Planned leadership transition signifies stability and continuity within the organization.
- CEO Todd Borgmann's leadership noted as exceptional, indicating strong management performance.
Negative
- None.
Details
News Market Reaction – CLMT
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INDIANAPOLIS, Nov. 7, 2022 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) announced today that Steve Mawer will be transitioning from Executive Chairman of the Board to Chairman of the Board, effective January 1, 2023. This is a natural progression of the planned transition that began earlier this year.
"Many thanks to Steve for the continuation of a seamless transition. We look forward to closely collaborating with Steve as we execute on our strategy and drive value for Calumet stakeholders," said Todd Borgmann, CEO.
"This change is the culmination of an extensive and well-planned transition process," said Mawer. "Todd has proven to be an exceptional leader at the head of a first class, highly professional leadership team. It's exciting to see Calumet delivering both excellent operational performance and continuing our business transformation. It is an honor to still be heavily involved in the inspiring Calumet journey as non-executive chair from the beginning of 2023."
More details can be found in the Form 8-K filed today with the U.S Securities and Exchange Commission.
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) manufacturers, formulates, and markets a diversified slate of specialty branded products to customers in various consumer-facing and industrial markets. Calumet is headquartered in Indianapolis, Indiana and operates twelve facilities throughout North America.
View original content:https://www.prnewswire.com/news-releases/calumet-completes-transition-of-steve-mawer-to-board-chairman-301670865.html
SOURCE Calumet Specialty Products Partners, L.P.
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