Chemtrade Logistics Income Fund has announced the appointment of Suzann Pennington to its Board of Trustees. This strategic addition brings a wealth of experience and expertise to the organization, as Ms. Pennington is a highly accomplished senior financial executive with a distinguished career spanning over three decades. Her background in strategic planning, investment management, mergers and acquisitions (M&A), risk assessment, and sustainability will significantly enhance governance and strategic decision-making capabilities.
Suzann Pennington’s Extensive Expertise
Suzann Pennington’s impressive career has included leadership roles in both public and private enterprises, where she has consistently demonstrated her ability to manage complex financial and strategic challenges. One of the highlights of her career was serving as Managing Director and Chief Investment Officer (CIO) of CIBC Global Asset Management. In this role, Ms. Pennington oversaw financial assets exceeding $110 billion, showcasing her capability to manage substantial portfolios and deliver sustainable results.
Before her tenure at CIBC, Ms. Pennington held key senior positions, including Vice President at Mackenzie Financial, one of Canada’s leading independent asset management companies. Additionally, she played a pivotal role as a founding partner of a mutual fund company, further solidifying her entrepreneurial and leadership credentials. Her experience in leading teams and navigating financial complexities positions her as a valuable asset Board of Trustees.
Ms. Pennington’s educational and professional credentials are equally impressive. She earned a Bachelor of Mathematics degree from the University of Waterloo, a program renowned for producing leaders in quantitative and analytical disciplines. She holds the Chartered Financial Analyst (CFA) designation, a globally recognized certification in investment management, underscoring her expertise in financial analysis and portfolio management. Additionally, Ms. Pennington has obtained the ICD.D designation from the Institute for Corporate Directors, demonstrating her commitment to excellence in corporate governance and her readiness to serve on boards with professionalism and insight.
Chemtrade’s Strategic Vision
Chemtrade operates a diversified business that provides essential industrial chemicals and services to customers in North America and internationally. The organization is one of North America’s largest suppliers of sulphuric acid and spent acid processing services. It plays a critical role in supplying inorganic coagulants used for water treatment, which are essential for ensuring clean and safe water supplies is also a leading provider of sodium chlorate, sodium nitrite, and sodium hydrosulphite, which are vital chemicals used in various industrial applications.
Chemtrade’s product portfolio extends to high-purity sulphuric acid, particularly for the semiconductor industry, where stringent quality standards are paramount. As one of the largest producers of this specialized chemical in North America, is well-positioned to support the growing semiconductor sector, which is a cornerstone of modern technology. Furthermore, supplies chlor-alkali products, sulphur, and zinc oxide, reinforcing its presence as a regional leader in these critical industrial segments.
In addition to manufacturing chemicals, Chemtrade provides a range of industrial services, including processing by-products and waste streams. This aspect of Chemtrade’s operations aligns with the increasing demand for sustainable and environmentally responsible practices in the industrial sector. By repurposing by-products and minimizing waste, Chemtrade demonstrates its commitment to sustainability while providing valuable services to its customers.
Strengthening Governance with Ms. Pennington’s Appointment
The appointment of Suzann Pennington to Chemtrade’s Board of Trustees reflects the company’s focus on enhancing its governance framework and aligning with best practices in corporate leadership. With her extensive experience in managing large-scale financial operations, strategic initiatives, and risk management, Ms. Pennington will bring fresh perspectives to Chemtrade’s leadership team. Her background in sustainability is particularly relevant as Chemtrade continues to prioritize environmentally responsible practices in its operations.
As Chemtrade navigates an evolving industrial landscape, Ms. Pennington’s insights into strategic planning and investment will be invaluable. Her proven track record of delivering results in complex and high-stakes environments will enable Chemtrade to strengthen its position as a leader in the industrial chemicals sector. Furthermore, her expertise in mergers and acquisitions could support Chemtrade’s growth strategy by identifying opportunities for expansion and diversification.
Commitment to Innovation and Sustainability
Chemtrade’s commitment to innovation and sustainability is evident in its operations and long-term strategic goals. The company plays a critical role in the supply chain of numerous industries, including water treatment, semiconductors, and industrial manufacturing. By appointing leaders like Ms. Pennington, who possess a deep understanding of sustainability and risk management, Chemtrade reinforces its dedication to creating value for stakeholders while minimizing its environmental footprint.
About Chemtrade
Chemtrade Logistics Income Fund is a premier provider of industrial chemicals and services with a strong presence in North America and global markets. The company’s operations span a wide range of essential chemicals, including sulphuric acid, sodium chlorate, and zinc oxide. Chemtrade’s capabilities in high-purity chemical production and by-product processing make it a key player in industries that demand rigorous quality and sustainability standards.
In addition to its chemical manufacturing expertise, Chemtrade is a leading provider of industrial services designed to optimize resource use and reduce waste. Its ability to process by-products and waste streams underscores its commitment to sustainable industrial practices.
With operations strategically located across North America, Chemtrade serves a diverse customer base that depends on its reliable supply of high-quality products and services. The company’s leadership team, now strengthened by the addition of Suzann Pennington, is well-equipped to drive innovation, sustainability, and growth in the years ahead.
