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CLAYTON, Mo. - FutureFuel Corp. (NYSE:FF), a manufacturer of chemicals and biofuels with a market capitalization of $177 million, announced the expansion of its Board of Directors to nine members and the appointment of Pamela R. Butcher as a Class C director. The appointment took effect today. According to InvestingPro data, the company maintains a strong financial position with more cash than debt on its balance sheet.
Ms. Butcher brings to the board extensive experience in business management and marketing within the chemical industry. She has held director positions at both publicly traded and privately held companies, including her current roles at J.M. Huber Corporation and Pilot Chemical Corp. Her past board service includes tenures at Arch Resources, Inc., PDC Energy, Inc., Gruden Topco Holdings LP/Quality Distribution Inc., and Trecora Resources. Her appointment comes as FutureFuel maintains solid operational metrics, with a current ratio of 4.95x indicating strong short-term liquidity.
Additionally, Ms. Butcher has a significant operational background, having served as CEO, President, and COO of Pilot from 2010 to 2021. Her career also includes nearly three decades at The Dow Chemical Company, where she held several senior positions.
Her academic credentials include a Bachelor of Science in Agronomy and a Masters of Science from Purdue University. She is also recognized for her contributions to various industry-related organizations, such as the American Cleaning Institute and the Ohio Association of Manufacturers.
There are no reported arrangements or previous transactions between Ms. Butcher and FutureFuel that would require disclosure under SEC regulations. As part of her compensation, Ms. Butcher will receive pro-rated director compensation for 2024 and an option to purchase 10,000 shares of FutureFuel’s common stock, expiring in April 2030.
This expansion of the board aligns with FutureFuel’s ongoing growth and strategic direction in its chemical and biofuel production segments. The company is known for its custom and performance chemicals, including intermediates for major chemical companies, and its production and sale of biodiesel.
For more information on FutureFuel’s operations and products, interested parties can visit the company’s website. This report is based on a press release statement issued by FutureFuel Corp.
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