Scott Sutton Steps Down from Celanese Board to Lead Rayonier Advanced Materials as CEO, Leaving a Legacy of Strategic Impact
Celanese Corporation (NYSE: CE), a global leader in chemical and specialty materials, has announced a Board leadership update following the appointment of Scott Sutton as Chief Executive Officer of Rayonier Advanced Materials Inc. In connection with this new executive role, Mr. Sutton has stepped down from his position as a member of the Celanese Board of Directors. The transition reflects a natural progression in Mr. Sutton’s distinguished career and underscores Celanese’s ongoing commitment to strong corporate governance and disciplined leadership practices. His departure from the Board comes with the full support of the Company and its leadership team, who expressed appreciation for his meaningful contributions during his tenure.
Scott Richardson, Chairman and Chief Executive Officer of Celanese Corporation, commended Mr. Sutton for the expertise and perspective he brought to the Board. He highlighted Mr. Sutton’s deep industry knowledge and familiarity with the Company, which enabled him to make an immediate and valuable impact.
“Scott leveraged his extensive industry experience and understanding of Celanese to contribute thoughtfully and effectively to the Board’s oversight during an important period of strategic execution,” Richardson said. “We sincerely thank him for his service to Celanese, not only as a Director but also as a former employee who has long been connected to the Company’s success. We wish him every success in his new role as CEO.”
Richardson also emphasized the strength and continuity of Celanese’s Board of Directors, noting that the Company remains well positioned to advance its long-term strategy. “Celanese continues to benefit from an experienced and engaged Board that is closely overseeing our disciplined strategic execution. We are confident that the actions we are taking today will support sustained value creation for our shareholders over the long term.”
During his time on the Board, Mr. Sutton worked closely with fellow Directors and the executive leadership team, contributing to key initiatives aimed at strengthening Celanese’s financial and operational foundation. His insights were particularly valuable as the Company focused on enhancing cash flow generation, advancing deleveraging efforts, and driving cost efficiencies across its global operations. Reflecting on his service, Mr. Sutton expressed gratitude for the opportunity to support Celanese during a pivotal phase of its journey. “It has been a privilege to serve on the Celanese Board and collaborate with such a talented group of Directors and leaders,” he said. “Together, we worked to reinforce the Company’s foundation and move forward on important strategic priorities.”
Mr. Sutton highlighted the progress Celanese has made in recent months, noting improvements in cash flow generation, a heightened focus on cost discipline, and initiatives designed to support future growth. “This is an important time for Celanese, and management has made meaningful progress increasing cash flow to accelerate deleveraging, intensifying cost improvements, and positioning the Company for top-line growth,” he added. “I am confident that Celanese will continue to build on this momentum and deliver long-term value.”
Celanese remains focused on executing its strategy as a global specialty materials company serving a diverse range of end markets, including automotive, consumer goods, medical, industrial, and electronics. The Company continues to prioritize operational excellence, disciplined capital allocation, and innovation to meet evolving customer needs and market demands. With a strong leadership team and a seasoned Board of Directors in place, Celanese is well positioned to navigate dynamic market conditions while advancing its long-term growth objectives. The Company’s governance practices ensure smooth leadership transitions and continuity, reinforcing confidence among investors, employees, and other stakeholders
As Mr. Sutton embarks on the next chapter of his career, Celanese leadership reaffirmed its appreciation for his contributions and its confidence in the Company’s strategic direction. The Board and management team remain committed to executing Celanese’s vision and delivering sustainable performance in the years ahead.
Source link: https://www.businesswire.com/
