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AdvanSix (NYSE: ASIX), a diversified chemistry company,announced today the appointment of Donald P. Newman as a new independent member of its Board of Directors. Mr. Newman is currently Executive Vice President, Finance and Chief Financial Officer of ATI Inc., a global producer of high-performance materials and solutions for the global aerospace and defense markets and critical applications in electronics, medical and specialty energy. Mr. Newman will serve on the Audit Committee and the Health, Safety and Environmental Committee of the Board of Directors. AdvanSix’s Board now consists of nine members, including eight independent directors.
“Don is well recognized for his financial expertise and success in delivering significant returns and creating shareholder value across multiple industries, and we are excited to welcome him to the AdvanSix Board,” said Todd D. Karran, Board Chairman of AdvanSix. “Don brings decades of public company leadership and financial experience as well as a keen eye and curiosity for assessing risks and opportunities, and we look forward to his leadership on the Board and his contributions as a thought partner to the AdvanSix executive team.”
Prior to his current role with ATI Inc., Mr. Newman served as ATI’s Senior Vice President, Finance and Chief Financial Officer from January 2020 through December 2021. He joined ATI in January 2020, having served as Chief Financial Officer of Stelco Holdings, Inc., a Canadian-based steel company, from August 2017 through December 2019. Previously, Mr. Newman was Chief Financial Officer of Headwaters Incorporated, a construction materials and building products business, from December 2010 until it was acquired in May 2017. In previous roles, Mr. Newman served as Vice President – Controller and Interim Chief Financial Officer at Boart Longyear Limited and as Chief Accounting Officer at ACI Worldwide, Inc., and held leadership roles for over 12 years at NRG Energy, Inc.
“At AdvanSix, our Board of Directors is committed to continuing to advance our corporate governance practices and board effectiveness. Supporting Board refreshment through the appointment of directors with diverse experiences and skillsets significantly contributes to our ability to deliver results for key stakeholders. As we continue in our evolution as a diversified chemistry company, we are looking forward to leveraging Don’s leadership experience and unique perspective to advance our strategic priorities and deliver long-term, sustainable earnings growth and shareholder value,” said Erin Kane, president and CEO of AdvanSix.
His appointment reflects the company’s commitment to a strong Board focused on accelerating the company’s growth as a diversified chemistry company.
“I am thrilled to join AdvanSix at such a pivotal time in its transformation and look forward to partnering with my fellow Board members and the AdvanSix executive team to continue to progress the company’s long-term potential. The AdvanSix team has built a strong governance foundation that underscores its commitment to operating with integrity and transparency, and I am looking forward to supporting a continued focus on sustainable business practices that enable the company to reliably deliver for its customers, its communities and all stakeholders,” said Newman.
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