Olin Corporation announced that Matthew S. Darnall and W. Anthony Will were elected as new directors by Olin’s Board of Directors to serve on Olin’s Board effective immediately.
Darnall was selected to serve on the Audit Committee and the Directors and Corporate Governance Committee of Olin’s Board. Will was selected to serve on its Compensation Committee and the Directors and Corporate Governance Committee of Olin’s Board.
Darnall retired in July 2021 as managing director, Industrials Group of The Goldman Sachs Group, Inc., a position he held since 2003. Over a 36-year career at The Goldman Sachs Group, he advised companies on corporate finance matters and mergers transactions within the Communications, Media and Entertainment Group, the Energy and the Midwest Regional Coverage Group. He brings investment banking expertise, merger and acquisitions, capital structure and allocation, and corporate structure and reorganization experience to its Board of Directors.
Will serves as President and CEO and a member of the board of directors of CF Industries Holdings, Inc., positions he has held since January 2014. He previously served as senior vice president, manufacturing and distribution from January 2012 to January 2014; vice president, manufacturing and distribution from March 2009 to December 2011, and vice president, corporate development from April 2007 to March 2009. Prior to joining CF Industries Holdings, Inc., he was a partner at Accenture, Ltd., vice president, business development, Sears, Roebuck and Company; a consultant for Egon Zehnder International, vice president, Strategy and Corporate Development, Fort James Corporation, a manager at Boston Consulting Group, and group leader at Motorola Solutions, Inc. He brings public company CEO, operations and corporate development expertise and risk management, finance and human capital management experience to Olin’s Board of Directors.
On September 27, 2021, John M. B. O’Connor, Gray G. Benoist and W. Barnes Hauptfuhrer, non-executive directors of Olin, advised the company of its decision to resign from Olin’s Board of Directors and the Board Committees on which they served, effective immediately. Messrs. O’Connor’s, Benoist’s and Hauptfuhrer’s decisions to resign were not related to any disagreement with Olin on any matter relating to Olin’s operations, policies or practices.
Scott Sutton, Olin’s Chairman, President and CEO said, “We would like to thank John, Gray and Barnes for their valuable service on Olin’s Board and Board Committees and wish them continued good fortune in the years to come. Additionally, we welcome Matt and Tony to Olin’s Board and Board Committees as we take Olin to the next level in its evolution.”
Olin Corporation owns the Winchester ammunition business and is a distributor of chemical products.
Photo courtesy Olin Corporation
