Scott Ferguson, managing partner of Sachem Head Capital Management, has resigned from the Olin Corporation Board of Directors.
“I am proud to have served with this talented management team and Board as they navigated through COVID and accomplished a remarkable corporate turnaround, creating extraordinary value for shareholders in the process. Under the leadership of Scott Sutton and his team, I believe that the company is well-positioned for continued success in the future,” Ferguson commented in a company press release.
Scott Sutton, chairman, president, and CEO, added, “Scott has been an invaluable member of the Board and brought fresh perspectives to our strategy. We have worked in concert to set up Olin for a great future. He will be missed.”
Olin Corp. is a vertically-integrated global manufacturer and distributor of chemical products and a U.S. manufacturer of ammunition. The chemical products it manufactures include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, and hydrochloric acid.
