Orion CFO Jeff Glajch to retire in early Q4 2025

HOUSTON - Orion S.A. (NYSE:OEC), a global specialty chemicals company with a market capitalization of $586 million, announced Wednesday that Chief Financial Officer Jeff Glajch plans to retire in early fourth quarter of 2025.

Glajch will continue to support the company through the end of 2025 to ensure a smooth leadership transition, according to a company press release. Orion has initiated a comprehensive search for his successor. The transition comes as the company manages a total debt of $1.1 billion while maintaining profitable operations, according to InvestingPro data.

"On behalf of our entire organization, we thank Jeff for his guidance and valuable contributions to Orion over the past three and a half years," said Corning Painter, Orion’s CEO.

Painter noted that under Glajch’s leadership, the company has built "exceptional finance and IT teams" and is "well-positioned for future growth."

Glajch has served as CFO at Orion for approximately three and a half years, based on the company statement.

Orion S.A. describes itself as a leading global supplier of carbon black, a material used in various applications including tires, coatings, ink, batteries, and plastics. The company operates four innovation centers and 15 production plants worldwide.

The announcement comes as part of the company’s standard disclosure practices for executive transitions.

In other recent news, Orion S.A. has announced plans to shut down three to five of its carbon black production lines by the end of 2025. This decision affects facilities in both the Americas and EMEA regions and is part of Orion’s strategy to concentrate maintenance investments on its higher-performing production lines. Additionally, Orion S.A. will distribute an interim dividend of $0.0207 per common share in the fourth quarter of 2025. The total dividend payment will amount to approximately $1.2 million and is scheduled for October 8, 2025, with a Luxembourg withholding tax of 15% applicable. These developments reflect Orion’s ongoing efforts to optimize its operations and return value to shareholders.

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