Origin Materials, Inc. Announces Appointments to Board of Directors
April 03, 2023 at 07:00 am EDT
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Origin Materials announced the appointments of Craig Rogerson and R. Tony Tripeny to the Origin Board of Directors. Mr. Rogerson will also serve as a member of the Board's Audit and Compensation Committees, and Mr. Tripeny will be joining the Audit and Nominating & Corporate Governance Committees, effective May 1. The new directors' wealth of experience in operations, strategy, corporate finance, and M&A across the chemicals and
materials science industries will support Origin's mission to enable the world's transition to sustainable materials. Mr. Rogerson has four decades of executive experience leading private and publicly held specialty chemical companies. He served as Chairman, President and Chief Executive Officer of Hexion Inc., a leading global producer of adhesives and performance materials, from July 2017 until his retirement in January 2023. Previously, he served from December 2008 to April 2017 as Chairman, President and Chief Executive Officer at Chemtura Corporation, a global developer, manufacturer and marketer of engineered industrial specialty chemicals. Mr. Rogerson also served as President, Chief Executive Officer and Director of Hercules Incorporated from December 2003 until November 2008. He currently serves as independent board chair of PPL Corporation and on the boards of the Pancreatic Cancer Action Network and McLaren Northern Michigan Hospital. He also previously served on the boards of Ashland Global Holdings Inc., the Society of Chemical Industry and the American Chemistry Council. Mr. Rogerson holds a chemical engineering degree from Michigan State University, and continues to serve on the Michigan State University College of Engineering Alumni board and on the advisory board of the Michigan State University Chemical Engineering & Materials Science Department.Mr. Tripeny brings over three decades of significant operational, strategy, and M&A experience, extensive knowledge of the manufacturing, technology, and materials science industries, and a background in international corporate finance. Since 2022, he has served as a director at Mesa Laboratories, Inc., During his 36-year career with Corning, Incorporated, a
global leading innovator in materials science, Mr. Tripeny held various, progressive leadership roles in the areas of corporate accounting and finance, including Executive Vice President, Chief Financial Officer and Senior Vice President, Corporate Controller and Principal Accounting Officer. He also served on the board of Hardinge Inc. from 2012 to 2018 and as a Financial Analyst for GKN Automotive Inc. from 1981 to 1985. Mr. Tripeny holds an economics degree from the University of Pennsylvania'sWharton School of Business and is a member of the Financial Executives Institute and the Institute of Management Accounting.
Origin Materials, Inc. is a carbon negative materials company. The Company is specializing in technology that has the potential to replace petroleum-based materials with decarbonized materials in a range of end products, including food and beverage packaging, clothing, textiles, plastics, car parts, carpeting, tires, adhesives, soil amendments and fuels. It has also developed other products that can enhance sustainability, such as its 100% polyethylene terephthalate (PET) circular caps and closures that can enable fully-recyclable PET containers and reduce waste through light-weighting, while providing performance such as greater oxygen and carbon dioxide (CO2) barrier properties that can increase shelf-life. The Company has developed a biomass conversion technology to convert biomass, or plant-based carbon, into the versatile building block chemicals chloromethylfurfural (CMF) and hydrothermal carbon (HTC), as well as other oils and extractives and other co-products.