Versum Materials, Inc., the planned Electronic Materials Division spin-off company from Air Products (NYSE: APD), today announced the proposed members of its Board of Directors. The Versum Board is expected to include:
Seifi Ghasemi, Versum's non-executive Chairman, who also remains Air Products' chairman, president and chief executive officer;
Jacques Croisetiere, who brings extensive experience as the former chief financial officer of Rohm & Haas Company and Bacardi Limited;
Guillermo Novo, who will be the president and chief executive officer of Versum, and who has more than 30 years in the specialty chemicals and materials businesses with Rohm & Haas Company and The Dow Chemical Company;
Yi Hyon Paik, who has more than 26 years of technology and business experience in the electronic materials industry and has led the Electronic Materials business of Rohm & Haas Company;
Thomas J. Riordan, who has more than 30 years of experience in the specialty chemicals industry, including 15 years at Rockwood Holdings, Inc. as its chief legal and administrative officer;
Susan C. Schnabel, who has extensive experience in private equity investment, including with DLJ Merchant Partners, and is co-founder of aPriori Capital Partners; and
Ambassador Alejandro Wolff, who has more than 30 years of government service in the Department of State, including serving as the U.S. Ambassador to Chile.
"The Versum Board brings extensive experience in specialty materials companies, as well as technical, finance, private equity and international government affairs expertise," said Guillermo Novo, who will be Versum's chief executive officer. "With their diverse backgrounds and range of leadership roles, these are high caliber individuals who, working with our experienced management team, can help Versum drive shareholder value and fulfill our goal of being the premier specialty materials provider to the semiconductor industry," he said.
The Company filed its most recent Form 10 amendment on August 26, 2016, which includes additional background on Versum's proposed Board. For additional information, please visit the Versum microsite.
About Versum Materials
With $1 billion in sales in fiscal 2015, Versum Materials has approximately 1,900 employees, 14 manufacturing and six research and development facilities in the Americas and Asia. Versum Materials is comprised of two primary business segments, Materials (74% of fiscal 2015 revenues) and Delivery Systems and Services (26% of fiscal 2015 revenues). It participates in six of seven key semiconductor process steps, supplying high purity specialty process gas, cleaners and etchants, slurries, organosilanes and organometallics deposition films, and equipment.
About Air Products
Air Products (NYSE:APD) is a world-leading Industrial Gases company celebrating 75 years of operation. The company's core Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. Air Products is also the world's leading supplier of liquefied natural gas process technology and equipment. The company's Materials Technologies business serves the semiconductor, polyurethanes, cleaning and coatings, and adhesives industries.
The company had fiscal 2015 sales of $9.9 billion and has a current market capitalization of more than $30 billion. Approximately 19,000 employees in 50 countries strive to make Air Products the world's safest and best performing Industrial Gases company, providing sustainable offerings and excellent service to all customers. For more information, visit www.airproducts.com.
