Joseph Gingo named CEO of A. Schulman

The Board of Directors of A. Schulman, Inc. announced that Chairman Joseph M. Gingo has been named chief executive officer and president, effective immediately. Mr. Gingo had previously served in this capacity from 2008 through 2014, and was replaced by Bernard Rzepka. The Board and Bernard Rzepka, president and chief executive officer, have mutually agreed that he will relinquish his officer role and his directorship role.

 

Mr. Gingo led A.Schulman through a remarkable seven-year renaissance as its chief executive officer and the Board is confident that he will restore A. Schulman's operational and financial performance to the high level expected by its shareholders, according to David Birney, lead independent director.  According to Mr. Gingo, the company will undertake a comprehensive review of its business plan, as well as near- and longer-term global end market trends. The company intends to retain a leading advisory firm to assist in this review process. Mr. Gingo continued to say that he is committed to conducting a deliberate and unvarnished assessment as promptly as practical. 

 

A.Schulman expects to release fiscal 2016 fourth-quarter and full-year results, as well as fiscal 2017 earnings guidance, after the market closes on Wednesday, October 26, 2016. The company will hold its fiscal 2016 fourth-quarter and full-year earnings conference call on Thursday, October 27, 2016 at 10 a.m. Eastern time.