AdvanSix Appoints Farha Aslam to Board of Directors
14 Dezember 2021 - 12:45PM
Business Wire
AdvanSix (NYSE: ASIX) announced today the appointment of
Farha Aslam as a new independent member of its Board of Directors.
Ms. Aslam is currently Managing Partner of Crescent House Capital,
an investment and strategic advisory firm she founded that focuses
on the agriculture, energy and food processing industries. Ms.
Aslam will serve on the Audit Committee and the Compensation and
Leadership Development Committee of the Board of Directors.
AdvanSix’s Board now consists of 10 members, including nine
independent directors.
“We are very excited to welcome Farha to the AdvanSix Board and
leverage her agribusiness experience and financial expertise to
progress our corporate strategic priorities,” said Michael
Marberry, Board Chairman of AdvanSix. “Farha has a unique skill set
with decades of experience as a former top Wall Street analyst and
current strategic advisor, and we look forward to her leadership
and contributions.”
Prior to founding Crescent House Capital in 2019, Ms. Aslam
covered the agribusiness sector for nearly two decades as an
analyst for Merrill Lynch & Co. and Stephens Inc. At Stephens
Inc., she led the firm’s Food and Agribusiness equity research team
as Managing Director, built a top-tier research franchise that
spanned the grain, ethanol, protein, and packaged food sectors, and
successfully positioned several lead managed equity offerings and
debt financings. Previously, Ms. Aslam was a vice president at
Merrill Lynch and a risk management advisor at UBS. Ms. Aslam
received her B.A. in Economics from the University of California
and holds a Master of Business Administration degree from Columbia
University. She also currently serves as a director at Green Plains
Inc., Pilgrim’s Pride Corporation, and Calavo Growers, Inc.
“Farha is a valuable addition to our Board, and we look forward
to her perspective and insights as we continue to drive the company
forward. Her understanding of the investment community and
experience serving on the boards of other global leaders in the
agribusiness space will provide immense benefits as we support
long-term shareholder value,” said Erin Kane, president and CEO of
AdvanSix.
About AdvanSix
AdvanSix plays a critical role in global supply chains,
innovating and delivering essential products for our customers in a
wide variety of end markets and applications that touch people’s
lives, such as building and construction, fertilizers, plastics,
solvents, packaging, paints, coatings, adhesives and electronics.
Our reliable and sustainable supply of quality products emerges
from the vertically integrated value chain of our three U.S.-based
manufacturing facilities. AdvanSix strives to deliver best-in-class
customer experiences and differentiated products in the industries
of nylon solutions, chemical intermediates, and plant nutrients,
guided by our core values of Safety, Integrity, Accountability and
Respect. More information on AdvanSix can be found at
http://www.advansix.com.
Forward-Looking Statements
This release contains certain statements that may be deemed
“forward-looking statements” within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended. All statements,
other than statements of historical fact, that address activities,
events or developments that our management intends, expects,
projects, believes or anticipates will or may occur in the future
are forward-looking statements. Forward-looking statements may be
identified by words such as "expect," "anticipate," "estimate,"
“outlook,” "project," "strategy," "intend," "plan," "target,"
"goal," "may," "will," "should" and "believe" and other variations
or similar terminology and expressions. Although we believe
forward-looking statements are based upon reasonable assumptions,
such statements involve known and unknown risks, uncertainties and
other factors, many of which are beyond our control and difficult
to predict, which may cause the actual results or performance of
the Company to be materially different from any future results or
performance expressed or implied by such forward-looking
statements. Such risks and uncertainties include, but are not
limited to: general economic and financial conditions in the U.S.
and globally, including the impact of the coronavirus (COVID-19)
pandemic and any resurgences; the scope, shape and pace of recovery
of the pandemic; the timing of the distribution and efficacy of
vaccines or treatments for COVID-19 that are currently available or
may be available in the future and related vaccination rates; the
severity and transmissibility of newly identified strains of
COVID-19; governmental, business and individuals’ actions in
response to the pandemic, including our business continuity and
cash optimization plans that have been, and may in the future be,
implemented; the impact of social and economic restrictions and
other containment measures taken to combat virus transmission; the
effect on our customers’ demand for our products and our suppliers’
ability to manufacture and deliver our raw materials, including
implications of reduced refinery utilization in the U.S.; our
ability to sell and provide our goods and services, including as a
result of travel and other COVID-19-related restrictions; the
ability of our customers to pay for our products; and any closures
of our and our customers’ offices and facilities; risks associated
with increased phishing, compromised business emails and other
cybersecurity attacks and disruptions to our technology
infrastructure; risks associated with employees working remotely or
operating with a reduced workforce; risks associated with our
indebtedness including compliance with financial and restrictive
covenants, and our ability to access capital on reasonable terms,
at a reasonable cost or at all due to economic conditions resulting
from COVID-19 or otherwise; the impact of scheduled turnarounds and
significant unplanned downtime and interruptions of production or
logistics operations as a result of mechanical issues or other
unanticipated events such as fires, severe weather conditions,
natural disasters and pandemics; price fluctuations, cost increases
and supply of raw materials; our operations and growth projects
requiring substantial capital; growth rates and cyclicality of the
industries we serve including global changes in supply and demand;
failure to develop and commercialize new products or technologies;
loss of significant customer relationships; adverse trade and tax
policies; extensive environmental, health and safety laws that
apply to our operations; hazards associated with chemical
manufacturing, storage and transportation; litigation associated
with chemical manufacturing and our business operations generally;
inability to acquire and integrate businesses, assets, products or
technologies; protection of our intellectual property and
proprietary information; prolonged work stoppages as a result of
labor difficulties or otherwise; cybersecurity, data privacy
incidents and disruptions to our technology infrastructure; failure
to maintain effective internal controls; our ability to declare and
pay quarterly cash dividends and the amounts and timing of any
future dividends; our ability to repurchase our common stock and
the amount and timing of any future repurchases; disruptions in
supply chain, transportation and logistics; potential for
uncertainty regarding qualification for tax treatment of our
spin-off; fluctuations in our stock price; and changes in laws or
regulations applicable to our business. You are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date of this release. Such forward-looking
statements are not guarantees of future performance, and actual
results, developments and business decisions may differ from those
envisaged by such forward-looking statements. We identify the
principal risks and uncertainties that affect our performance in
our filings with the Securities and Exchange Commission (SEC),
including the risk factors in Part 1, Item 1A of our Annual Report
on Form 10-K for the year ended December 31, 2020, as updated in
subsequent reports filed with the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20211213006028/en/
Media Debra Lewis (973) 526-1767
debra.lewis@advansix.com
Investors Adam Kressel (973) 526-1700
adam.kressel@advansix.com
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