FutureFuel Announces Appointment of New Director
14 Agosto 2024 - 5:00AM
FutureFuel Corp. (NYSE: FF) (“FutureFuel” or the “Company”), a
manufacturer of custom and performance chemicals and biofuels,
announced today that its Board of Directors (the “Board”) appointed
Richard P. Rowe effective August 13, 2024 as a Class B member of
the Board until his successor is duly elected and qualified or
until his earlier death, resignation or removal.
Mr. Rowe has served as President of RPR Global
Solutions, LLC, an advisory firm that provides advisory services to
companies in the specialty chemicals and materials industries,
since February 2022. After serving in various leadership positions
for over 20 years at Arkema, S.A., a multi-national manufacturer of
specialty materials and chemicals, Mr. Rowe served as President and
Chief Executive Officer of Arkema Inc., a North American subsidiary
of Arkema S.A., from July 2015 through November 2021, and served on
the boards of various subsidiaries of Arkema S.A., such as Arkema
Mexico Arkema Canada, and Bostik Inc., and Arkema joint ventures
such as Arkema-Yoshitomi (Japan), Nitta-Findley (Japan), and
Seki-Arkema (Korea). Mr. Rowe chaired the Global Fluorochemical
Producers Forum and served on the American Chemistry Council Board
as well as its Responsible Care and Sustainability committees for
more than six years. Mr. Rowe serves as Vice President of Pediatric
Pharmaceuticals and also as Vice President of Club Longboat Beach
& Tennis.
There are no arrangements between Mr. Rowe and any
other person pursuant to which he was elected to serve as a
director. There are no previous transactions between Mr. Rowe and
the Company which are required to be disclosed pursuant to Item
404(a) of Regulation S-K.
Mr. Rowe will be compensated in accordance with the
director compensation arrangements for 2024, pro-rated for his
first year of service, as described in the Company’s Form 10-K for
the year ended December 31, 2023 filed with the Securities and
Exchange Commission on March 14, 2024 under the heading
“Compensation of Directors.”
Mr. Rowe will also be granted an option to purchase
10,000 shares of the Company’s common stock under the Company’s
2017 Omnibus Incentive Plan which will expire in August 2029. In
connection with this award, Mr. Rowe entered into an Award
Agreement dated August 13, 2024. About
FutureFuel
FutureFuel is a leading manufacturer of
diversified chemical products, specialty chemical products, and
biofuel products. In its chemicals business, FutureFuel
manufactures specialty chemicals for specific customers (“custom
chemicals”), as well as multi-customer specialty chemicals
(“performance chemicals”). FutureFuel's custom chemicals product
portfolio includes proprietary intermediates for major chemical
companies and chlorinated polyolefin adhesion promoters and
antioxidant precursors for a major chemical company. FutureFuel’s
performance chemicals product portfolio includes polymer (nylon)
modifiers and several small-volume specialty chemicals for diverse
applications. FutureFuel’s biofuels segment primarily produces and
sells biodiesel. Please visit www.futurefuelcorporation.com
for more information.
COMPANY CONTACT:
FutureFuel Corp.
Thomas McKinlay
(314) 854-8352
www.futurefuelcorporation.com
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