The Olin Corporation Board of Directors appointed Kenneth Lane as president, CEO and director of Olin Corporation, effective March 18, 2024, replacing Scott Sutton, who will step down on the same day. Sutton will work with Lane to facilitate a smooth transition of leadership responsibilities.
Olin Corporation is the parent company of Winchester Ammunition.
Olin also announced that Sutton stepped down as the Board of Directors’s executive chairman, and William Weideman was appointed chairman, effective February 16, 2024.
Lane comes to Olin from LyondellBasell, a NYSE-traded company, one of the world’s largest plastics, chemicals and refining companies, where he was the EVP of Global Olefins and Polyolefins. Before joining LyondellBasell in 2019, he was with BASF for 13 years, where he held senior executive leadership roles across various businesses, including Polyurethanes, Monomers and Catalysts. Before joining BASF, he worked in operations, strategy and commercial roles at BP Chemicals and technical and operations roles at Amoco Chemical Corporation.
Lane has extensive international experience, having worked in the U.S., Malaysia, the UK, China, and Belgium. He holds a Bachelor of Science in Civil Engineering from Clemson University and a Master of Science in Management from the University of Alabama Huntsville.
“Ken is a performance-driven leader with more than 30 years of experience leading a wide variety of both commodity and specialty chemicals businesses and has a proven track record of delivering both strong results and growth. The Board is delighted to have Ken join the Olin team, and we look forward to working together to continue to drive the company’s strategy while maintaining our disciplined capital allocation approach focused on creating shareholder value,” said Weideman.
“I am honored and excited to lead Olin Corporation and build on its strong foundation. Olin has tremendous potential for the future, and I look forward to leveraging the company’s industry-leading positions, strong manufacturing base, steady cash-generative operating model, and exceptional talent to drive growth and higher shareholder value,” added Lane.
Images courtesy Olin Corp./Winchester
