Bookmark 03-12-2014

PolyOne Announces CEO Succession

Robert M. Patterson (right) succeeds Stephen D. Newlin as CEO (figure: PolyOne)

PolyOne Corporation, a provider of specialized polymer materials, services and solutions, announced that its Board of Directors has appointed Robert M. Patterson, president and chief executive officer, effective May 15, 2014.

Robert M. Patterson, 41, succeeds Stephen D. Newlin, 61, who served as CEO since 2006 and will retire as president and CEO and remain executive chairman of the PolyOne Board of Directors. Mr. Patterson has also been nominated for election to the PolyOne Board of Directors at the 2014 Annual Meeting of Shareholders.

Mr. Patterson joined PolyOne in 2008 as senior vice president and chief financial officer, where he was responsible for global treasury, planning, M&A, accounting, internal audit functions, and investor relations. He also directly oversaw PolyOne's growth initiatives in Asia, leading to record profitability in 2013. In 2012, he was promoted to his current position as executive vice president and chief operating officer, where he has led growth in each of the company's business segments. Before joining PolyOne, Mr. Patterson served in leadership roles at Novelis, Inc., and SPX Corporation, after starting his career at Arthur Andersen LLP.