MOSCOW (MRC) -- Axiall Corporation announced that William (Bill) L. Mansfield has been elected non-executive chairman of the company’s board of directors, effective immediately, said the company on it site.
Mr. Mansfield has served on the board as an independent director since September 2012 and succeeds Mark L. Noetzel, who served as chairman since January 2010. Mr. Noetzel will continue to serve on the Axiall board as an independent director.
"With his extensive knowledge of the chemicals industry and considerable strategic acumen, Bill Mansfield has been a tremendous asset to the Axiall board and management team since joining us several years ago," Mr. Noetzel said. "I have been privileged to serve Axiall for six years as chairman, and I am confident that Bill is well-suited to take on the considerable responsibilities and challenges of this important position."
"I am honored to assume the role of non-executive chairman and look forward to sharing insights and guidance with Tim Mann and the rest of the management team as we continue to take action to aggressively enhance the company’s financial and operational performance and drive value for shareholders," Mr. Mansfield said. "My fellow directors and I thank Mark for his valuable leadership and vision as Axiall’s chairman over the past six years and are pleased that he will continue to serve on the board."
As MRC informed earlier, Axiall Corp, a U.S. chemical and building products maker, said it had rejected Westlake Chemical Corp's USD1.4 billion cash-and-stock offer, dismissing it as an attempt to scoop up its vinyls assets on the cheap.
Axiall is a chemical company formed in 2012 from the chemical assets of PPG and Georgia Gulf. The PPG products are primarily chlor-alkali. The combined companies will be the third largest producer of chlor-alkali in the US after Dow Chemical and Occidental. PPG will own 50.5% of the combined companies. The company is headquartered in Atlanta, GA.
MRC