AdvanSix appoints two new independent directors to board

Published 02/09/2025, 21:30
AdvanSix appoints two new independent directors to board

PARSIPPANY, N.J. - AdvanSix (NYSE:ASIX), a $565 million market cap chemical manufacturer with a solid financial health rating according to InvestingPro, announced Tuesday the appointment of Dana O’Brien and Daryl Roberts as new independent members of its Board of Directors, expanding the board to nine members.

O’Brien, who recently retired as Senior Vice President and Chief Legal Officer of Olin Corporation, will serve on the company’s Nominating and Governance Committee and the Compensation and Leadership Development Committee.

Roberts, currently Senior Vice President and Chief Operations and Engineering Officer at DuPont de Nemours Inc., will join the Health, Safety and Environmental Committee and the Compensation and Leadership Development Committee.

"Their deep industry and professional backgrounds and proven expertise in global manufacturing will be invaluable to our Board’s role in ensuring strong corporate governance practices and strategic oversight," said Todd D. Karran, Board Chair of AdvanSix, in a press release statement.

Prior to her role at Olin Corporation, O’Brien served as Senior Vice President and General Counsel at The Brink’s Company and held leadership positions at CenterPoint Energy, CEVA Logistics, and EGL, Inc.

Roberts has been with DuPont since 2018 and previously held positions at Arkema S.A., Total Energy, and Eastman Kodak. He also served as a U.S. Army Officer in the Chemical Corps reserves.

With these appointments, eight of the nine board members at AdvanSix are now independent directors. The company, which produces essential materials for various industries including building and construction, fertilizers, and plastics, operates five U.S.-based manufacturing facilities.

AdvanSix President and CEO Erin Kane stated that the board refreshment positions the company to execute on its strategic vision focused on "safe, stable and sustainable operations, improved through-cycle profitability and total shareholder return."

In other recent news, AdvanSix Inc. reported its second-quarter 2025 earnings, showing a mix of results. The company’s earnings per share (EPS) exceeded expectations, reaching $1.24 compared to the projected $1.19, representing a 4.2% surprise. However, the revenue did not meet forecasts, totaling $410 million against the expected $428.4 million, which marks a 10% decrease from the previous year. This revenue shortfall was a notable development for the company. These earnings results are part of the latest developments surrounding AdvanSix. Investors may find the revenue miss particularly significant when evaluating the company’s financial performance. The mixed earnings results highlight the challenges and opportunities currently facing AdvanSix.

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