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Stepan Announces Appointment of New Vice President and Chief Financial Officer

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Stepan Company (NYSE: SCL) has appointed Ruben Velasquez as its new Vice President and Chief Financial Officer, effective July 15, 2025. Velasquez joins from 3M Company, where he served as Vice President Global Finance Transformation, bringing over two decades of global finance leadership experience.

Velasquez succeeds Samuel Hinrichsen, who will continue as Vice President of Finance after serving as Interim CFO. The new CFO's experience includes senior finance roles at 3M and Ecopetrol, complemented by an MBA from Northwestern University and a BS in Industrial Engineering from Universidad de Los Andes.

Stepan Company (NYSE: SCL) ha nominato Ruben Velasquez come nuovo Vicepresidente e Direttore Finanziario, a partire dal 15 luglio 2025. Velasquez arriva da 3M Company, dove ricopriva il ruolo di Vicepresidente della Trasformazione Finanziaria Globale, portando con sé oltre vent'anni di esperienza nella leadership finanziaria a livello mondiale.

Velasquez succede a Samuel Hinrichsen, che continuerà a ricoprire il ruolo di Vicepresidente delle Finanze dopo aver svolto le funzioni di CFO ad interim. Il nuovo CFO vanta esperienze in ruoli finanziari senior presso 3M ed Ecopetrol, ed è inoltre in possesso di un MBA conseguito alla Northwestern University e di una laurea in Ingegneria Industriale presso l'Universidad de Los Andes.

Stepan Company (NYSE: SCL) ha nombrado a Ruben Velasquez como su nuevo Vicepresidente y Director Financiero, con efecto a partir del 15 de julio de 2025. Velasquez proviene de 3M Company, donde se desempeñaba como Vicepresidente de Transformación Financiera Global, aportando más de dos décadas de experiencia en liderazgo financiero a nivel mundial.

Velasquez reemplaza a Samuel Hinrichsen, quien continuará como Vicepresidente de Finanzas tras haber ejercido como CFO interino. La experiencia del nuevo CFO incluye cargos financieros senior en 3M y Ecopetrol, complementados con un MBA de la Northwestern University y una licenciatura en Ingeniería Industrial de la Universidad de Los Andes.

스테판 컴퍼니 (NYSE: SCL)루벤 벨라스케스를 2025년 7월 15일부터 신임 부사장 겸 최고재무책임자(CFO)로 임명했습니다. 벨라스케스는 3M 컴퍼니에서 글로벌 금융 혁신 부사장으로 근무했으며, 20년 이상의 글로벌 금융 리더십 경험을 보유하고 있습니다.

벨라스케스는 임시 CFO로 일한 사무엘 힌리첸의 뒤를 잇게 되며, 힌리첸은 계속해서 재무 부사장으로 근무할 예정입니다. 새 CFO는 3M과 에코페트롤에서 고위 재무직을 역임했으며, 노스웨스턴 대학교에서 MBA를, 로스 안데스 대학교에서 산업공학 학사 학위를 받았습니다.

Stepan Company (NYSE : SCL) a nommé Ruben Velasquez en tant que nouveau Vice-Président et Directeur Financier, à compter du 15 juillet 2025. Velasquez rejoint l'entreprise en provenance de 3M Company, où il occupait le poste de Vice-Président de la Transformation Financière Globale, apportant plus de vingt ans d'expérience en leadership financier à l'international.

Velasquez succède à Samuel Hinrichsen, qui continuera d'exercer en tant que Vice-Président des Finances après avoir assuré l'intérim du poste de CFO. Le nouveau CFO possède une expérience dans des postes financiers seniors chez 3M et Ecopetrol, complétée par un MBA de la Northwestern University et un diplôme en Génie Industriel de l'Universidad de Los Andes.

Stepan Company (NYSE: SCL) hat Ruben Velasquez zum neuen Vice President und Chief Financial Officer ernannt, wirksam ab dem 15. Juli 2025. Velasquez kommt von der 3M Company, wo er als Vice President Global Finance Transformation tätig war und über mehr als zwei Jahrzehnte Erfahrung in globaler Finanzführung verfügt.

Velasquez folgt auf Samuel Hinrichsen, der nach seiner Tätigkeit als Interim CFO weiterhin als Vice President of Finance tätig sein wird. Der neue CFO bringt Erfahrungen aus leitenden Finanzpositionen bei 3M und Ecopetrol mit und verfügt über einen MBA der Northwestern University sowie einen Bachelor in Wirtschaftsingenieurwesen von der Universidad de Los Andes.

Positive
  • Appointment of experienced CFO with over 20 years of global finance leadership
  • New CFO brings diverse industry experience from industrial conglomerates and oil & gas sectors
  • Smooth transition with interim CFO remaining as VP of Finance
Negative
  • None.

NORTHBROOK, Ill., July 14, 2025 /PRNewswire/ -- Stepan Company (NYSE: SCL) announced today the appointment of Ruben Velasquez as Vice President and Chief Financial Officer of Stepan, effective as of July 15, 2025. Mr. Velasquez will succeed Samuel Hinrichsen who, as previously reported, is presently serving as Vice President and Interim Chief Financial Officer. Mr. Hinrichsen will continue in his role as Vice President of Finance.

Mr. Velasquez most recently served as Vice President Global Finance Transformation at 3M Company. Prior to that, Mr. Velasquez held several senior finance roles at 3M, including Vice President Global Finance and CFO Manufacturing & Supply Chain Operations, and Vice President Global Finance and CFO Consumer Business, as well as serving as the Finance Director and Country CFO at 3M Russia and 3M Colombia. Mr. Velasquez began his finance career at Ecopetrol in Colombia where he held senior finance leadership roles including Finance Director Corporate FP&A and Treasury, and Interim Vice President and Corporate Chief Financial Officer. Mr. Velasquez holds an MBA from Northwestern University and a BS in Industrial Engineering from Universidad de Los Andes.

"Ruben brings over two decades of global finance leadership experience across diverse industries, including industrial conglomerates and the oil and gas industry," said Luis E. Rojo, President and Chief Executive Officer of Stepan. "We are excited to add Ruben's leadership and financial expertise to the Stepan team. We also thank Sam for all of his contributions while serving as Interim Chief Financial Officer."

Corporate Profile

Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries. Stepan is a leading merchant producer of surfactants, which are the key ingredients in consumer and industrial cleaning and disinfection products and in agricultural and oilfield solutions. The Company is also a leading supplier of polyurethane polyols used in the expanding thermal insulation market, and CASE (Coatings, Adhesives, Sealants, and Elastomers) industries.

Headquartered in Northbrook, Illinois, Stepan utilizes a network of modern production facilities located in North and South America, Europe and Asia.

The Company's common stock is traded on the New York Stock Exchange (NYSE) under the symbol SCL. For more information about Stepan Company please visit the Company online at www.stepan.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/stepan-announces-appointment-of-new-vice-president-and-chief-financial-officer-302503633.html

SOURCE Stepan Company

FAQ

Who is the new CFO of Stepan Company (NYSE: SCL)?

Ruben Velasquez is the new CFO of Stepan Company, effective July 15, 2025. He previously served as Vice President Global Finance Transformation at 3M Company.

What is Ruben Velasquez's background before joining Stepan (NYSE: SCL)?

Velasquez held senior finance roles at 3M Company, including VP Global Finance and CFO positions in Manufacturing & Supply Chain Operations and Consumer Business. He also served as Finance Director at 3M Russia and Colombia, and began his career at Ecopetrol.

When does Stepan's new CFO appointment take effect?

Ruben Velasquez's appointment as Vice President and Chief Financial Officer of Stepan becomes effective on July 15, 2025.

Who did Ruben Velasquez replace as Stepan's CFO?

Velasquez replaced Samuel Hinrichsen, who was serving as Vice President and Interim Chief Financial Officer. Hinrichsen will continue with the company as Vice President of Finance.

What are Ruben Velasquez's educational qualifications?

Velasquez holds an MBA from Northwestern University and a BS in Industrial Engineering from Universidad de Los Andes.
Stepan

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1.30B
21.30M
3.78%
86.18%
1.12%
Specialty Chemicals
Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics
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United States
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