Scott Sutton Joins Celanese Board of Directors: New Finance Committee to Drive Financial Oversight and Growth
Celanese Corporation (NYSE: CE), a global leader in chemical and specialty materials, has announced the election of Scott Sutton to its Board of Directors. Effective March 1, 2025, Mr. Sutton will join the board and stand for re-election at the company’s 2025 Annual Meeting of Shareholders. In addition to this key appointment, Celanese has established a new Finance and Business Review Committee to enhance oversight of the company’s financial strategy and business improvement initiatives.
The newly formed committee will focus on critical areas such as cost reduction, cash flow prioritization, deleveraging efforts, and portfolio optimization. Scott Sutton and Scott Richardson, Celanese’s Chief Executive Officer and President, will co-chair the committee, ensuring strong leadership and alignment with the company’s strategic goals.
A Proven Leader with Decades of Industry Expertise
With nearly 35 years of experience in the chemicals industry, Scott Sutton brings a wealth of knowledge and leadership to Celanese. Most recently, he served as the President, Chief Executive Officer, and Chairman of Olin Corporation, where he spearheaded a transformative strategy that delivered significant value to shareholders despite challenging macroeconomic conditions.
Before his tenure at Olin, Mr. Sutton held prominent roles at Prince International Corporation and Celanese itself. From 2017 to 2019, he served as Celanese’s Chief Operating Officer, overseeing its Engineered Materials (EM) and Acetyl Chain (AC) businesses, as well as global operations in manufacturing, supply chain, procurement, mergers and acquisitions, and research and development. His earlier career included senior positions at Chemtura Corporation and Albemarle Corporation. Mr. Sutton holds a Bachelor of Science degree in Engineering from Louisiana State University.
“Scott’s operational expertise, strategic vision, and track record of creating shareholder value make him an invaluable addition to our Board,” said Edward Galante, Chair of the Board at Celanese. “As we execute our strategy to drive growth, profitability, and long-term value, Scott’s insights will be instrumental in guiding the company forward.”
Strengthening Leadership for Future Success
Scott Richardson expressed enthusiasm about Mr. Sutton’s return to Celanese, stating, “Scott is a highly respected leader in our industry and a valued former colleague. His deep understanding of Celanese’s operations and culture will make him a trusted advisor to me and a strong asset to our Board. Together, we are taking bold steps to unlock Celanese’s full potential and reestablish our leadership in the global market.”
For his part, Mr. Sutton shared his excitement about rejoining Celanese. “It is an honor to return to the Celanese Board and collaborate with its talented leadership team and fellow directors,” he said. “I believe Celanese is poised for success, and I am confident that Scott Richardson is the right leader to guide the company through this pivotal time. I look forward to contributing to improved performance and delivering enhanced value for shareholders.”
The Role of the New Finance and Business Review Committee
The establishment of the Finance and Business Review Committee underscores Celanese’s commitment to strengthening financial oversight and driving sustainable growth. By focusing on cost management, cash flow generation, debt reduction, and portfolio evaluation, the committee aims to position Celanese for long-term success in a competitive marketplace.
Under the co-leadership of Scott Sutton and Scott Richardson, the committee will work closely with management to ensure that the company’s financial strategies align with its broader business objectives. This proactive approach reflects Celanese’s dedication to maintaining a robust financial position while pursuing opportunities for innovation and expansion.
About Celanese: A Global Leader in Chemistry and Innovation
Celanese is a Fortune 500 company renowned for producing specialty material solutions used across major industries and consumer applications. Leveraging its expertise in chemistry, technology, and commercial operations, Celanese creates value for customers, employees, and shareholders alike. The company is also committed to sustainability, responsibly managing its materials and expanding its portfolio of eco-friendly products to meet evolving societal demands.
With more than 12,000 employees worldwide and 2023 net sales of $10.9 billion, Celanese continues to make a positive impact in communities around the globe. Through inclusivity, innovation, and a focus on excellence, the company strives to foster a brighter future for all stakeholders.
