PolyOne Announces CEO Succession
March 11, 2014
Mr. Patterson, 41, succeeds
Mr. Patterson currently serves as executive vice president and chief operating officer, where he is responsible for developing and executing the annual operating plans and strategic plans to drive growth in revenue, gross margin and operating income.
"I am privileged that the Board has selected me as the next CEO of this great company," said Mr. Patterson. "It is a tremendous honor to continue the remarkable transformation that
Reflecting on his more than eight years as CEO of
"With PolyOne's future brighter than ever before, growth being accelerated, and a superb team in place, now is the perfect time for Bob to lead our innovative company. He shares my and our Board's philosophy and strategy, while bringing his own unique perspective and background. Were it not for Bob, our proven management team, and the best ever position of the company, I would not begin this transition at this time," Mr. Newlin added.
Speaking on behalf of
Mr. Patterson joined
Mr. Patterson earned his bachelor's degree in business administration and master's degree in accounting from the
In this press release, statements that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. They are based on management's expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. They use words such as "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial condition, performance and/or sales. Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: our ability to achieve the strategic and other objectives relating to the acquisition of
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Investor contact: Isaac D. DeLuca, Vice President, Investor Relations, PolyOne Corporation, +1 440.930.1226, firstname.lastname@example.org, Media contact: Kyle G. Rose, Director, Corporate Communications, PolyOne Corporation, +1 440.930.3162, email@example.com