{"id":813442,"date":"2025-02-14T09:18:11","date_gmt":"2025-02-14T14:18:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/scott-sutton-elected-to-celanese-board-of-directors\/"},"modified":"2025-02-14T09:18:11","modified_gmt":"2025-02-14T14:18:11","slug":"scott-sutton-elected-to-celanese-board-of-directors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/scott-sutton-elected-to-celanese-board-of-directors\/","title":{"rendered":"Scott Sutton Elected to Celanese Board of Directors"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Scott Sutton Elected to Celanese Board of Directors<\/b><\/p>\n<p class=\"bwalignc\"><i>Board Establishes Finance and Business Review Committee to Assist with Oversight of the Company\u2019s Financial Position and Business Improvement Initiatives<\/i><\/p>\n<p>DALLAS&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCelanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced the election of Scott Sutton to the company\u2019s Board of Directors. Mr. Sutton, 60, will join the Celanese Board effective March 1, 2025, and stand for re-election at the 2025 Annual Meeting of Shareholders. In addition, the Board has established a Finance and Business Review Committee, to assist with oversight of the company\u2019s financial position and strategy, including its efforts to further reduce costs, prioritize cash flow, accelerate deleveraging, and evaluate its portfolio of assets and business configuration. Mr. Sutton and Scott Richardson, Chief Executive Officer and President, Celanese Corporation, will co-chair the Finance and Business Review Committee.<\/p>\n<p>\nMr. Sutton is a proven leader with nearly 35 years of experience in the chemicals industry, most recently as the former President, Chief Executive Officer and Chairman of Olin Corporation. While CEO of Olin, Mr. Sutton led a strategic transformation that created substantial value for Olin\u2019s shareholders despite macroeconomic headwinds. Prior to that, Mr. Sutton served as President and Chief Executive Officer of Prince International Corporation and as Chief Operating Officer of Celanese from 2017 until 2019. As COO, Mr. Sutton oversaw Celanese\u2019s leading global Engineered Materials (EM) and Acetyl Chain (AC) businesses as well as manufacturing, supply chain, procurement, M&amp;A and R&amp;D operations across all regions. Earlier in his career, Mr. Sutton held senior positions with Chemtura Corporation and Albemarle Corporation. Mr. Sutton holds a B.S. degree in Engineering from Louisiana State University.<\/p>\n<p>\n\u201cWe are delighted to welcome Scott to the Celanese Board,\u201d said Edward Galante, Chair of the Board, Celanese Corporation. \u201cScott\u2019s operational expertise, experience driving strategic transformation and exceptional record of shareholder value creation make him an ideal addition to the Board as we oversee the execution of the Company\u2019s strategy to drive improved growth, profitability, and value for our shareholders.\u201d<\/p>\n<p>\n\u201cScott is a highly respected leader in our industry and a valued former colleague who will be another strong asset to our Board and a trusted advisor to me,\u201d said Mr. Richardson. \u201cI am grateful to have Scott join our Board as we take bold action to realize Celanese\u2019s potential and reestablish our industry leadership.\u201d<\/p>\n<p>\n\u201cIt is an honor to join the Celanese Board, and I am excited to engage with Celanese leadership and fellow Board members to position the company for success,\u201d said Mr. Sutton. \u201cI know Celanese to be a great company and I am confident Scott is the right leader to unlock its tremendous potential. I am glad to be a part of the Board at this important time to support Celanese and drive improved performance and shareholder value.\u201d<\/p>\n<p><b><i>About Celanese<\/i><\/b><\/p>\n<p>\nCelanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese is a Fortune 500 company that employs more than 12,000 employees worldwide with 2023 net sales of $10.9 billion.<\/p>\n<p><b><i>Forward-Looking Statements<\/i><\/b><\/p>\n<p>\nThis release may contain \u201cforward-looking statements,\u201d which include information concerning the Company\u2019s current beliefs, understanding and expectations regarding the Company&#8217;s plans, objectives, goals, strategies, financial performance and other information that is not historical information. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained herein. Numerous factors, many of which are beyond the company\u2019s control, could cause actual results to differ materially from those expressed as forward-looking statements, including those factors addressed in the Company\u2019s November 4, 2024 earnings press release furnished as Exhibit 99.1 to the Company\u2019s Items 2.02 and 9.01 Form 8-K dated November 4, 2024 and those factors discussed under the heading \u201cRisk Factors\u201d in the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2023 and other filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date the statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250213744142r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250213744142\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250213744142\/en\/<\/a><\/span><\/p>\n<p><b>Celanese Contacts:<\/b><\/p>\n<p>\nInvestor Relations<br \/>\n<br \/>Bill Cunningham<br \/>\n<br \/>Phone: +1 302 999 6410<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:william.cunningham@celanese.com\">william.cunningham@celanese.com<\/a><\/p>\n<p>\nMedia &#8211; U.S.<br \/>\n<br \/>Jamaison Schuler<br \/>\n<br \/>Phone: +1 972 443 4400<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:media@celanese.com\">media@celanese.com<\/a><\/p>\n<p>\nMedia &#8211; Europe<br \/>\n<br \/>Petra Czugler<br \/>\n<br \/>Phone: +49 69 45009 1206<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:petra.czugler@celanese.com\">petra.czugler@celanese.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Chemicals\/Plastics Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250213744142\/en\/385443\/3\/Celanese-tag_rgb.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Scott Sutton Elected to Celanese Board of Directors Board Establishes Finance and Business Review Committee to Assist with Oversight of the Company\u2019s Financial Position and Business Improvement Initiatives DALLAS&#8211;(BUSINESS WIRE)&#8211; Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced the election of Scott Sutton to the company\u2019s Board of Directors. Mr. Sutton, 60, will join the Celanese Board effective March 1, 2025, and stand for re-election at the 2025 Annual Meeting of Shareholders. In addition, the Board has established a Finance and Business Review Committee, to assist with oversight of the company\u2019s financial position and strategy, including its efforts to further reduce costs, prioritize cash flow, accelerate deleveraging, and evaluate its portfolio of assets and business &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scott-sutton-elected-to-celanese-board-of-directors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Scott Sutton Elected to Celanese Board of Directors&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-813442","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Scott Sutton Elected to Celanese Board of Directors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scott-sutton-elected-to-celanese-board-of-directors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scott Sutton Elected to Celanese Board of Directors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Scott Sutton Elected to Celanese Board of Directors Board Establishes Finance and Business Review Committee to Assist with Oversight of the Company\u2019s Financial Position and Business Improvement Initiatives DALLAS&#8211;(BUSINESS WIRE)&#8211; Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced the election of Scott Sutton to the company\u2019s Board of Directors. Mr. Sutton, 60, will join the Celanese Board effective March 1, 2025, and stand for re-election at the 2025 Annual Meeting of Shareholders. In addition, the Board has established a Finance and Business Review Committee, to assist with oversight of the company\u2019s financial position and strategy, including its efforts to further reduce costs, prioritize cash flow, accelerate deleveraging, and evaluate its portfolio of assets and business &hellip; Continue reading &quot;Scott Sutton Elected to Celanese Board of Directors&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/scott-sutton-elected-to-celanese-board-of-directors\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-14T14:18:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250213744142r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scott-sutton-elected-to-celanese-board-of-directors\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scott-sutton-elected-to-celanese-board-of-directors\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Scott Sutton Elected to Celanese Board of Directors\",\"datePublished\":\"2025-02-14T14:18:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scott-sutton-elected-to-celanese-board-of-directors\\\/\"},\"wordCount\":854,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scott-sutton-elected-to-celanese-board-of-directors\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250213744142r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scott-sutton-elected-to-celanese-board-of-directors\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scott-sutton-elected-to-celanese-board-of-directors\\\/\",\"name\":\"Scott Sutton Elected to Celanese Board of Directors - 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