Eastman Chemical Company (NYSE: EMN) has announced the election of Mr. Donald Slager as a new director to its board. Slager, the former chief executive officer for Republic Services, Inc., brings a wealth of experience and knowledge in the environmental services sector, which is seen as critical for Eastman as it pursues its vision of creating a more circular economy for its products and solutions.
Slager retired as CEO of Republic Services, Inc., in 2021, after serving in that role since 2011. He joined the company in 2008 as president and chief operating officer. With a career spanning back to 1980, where he began in the environmental services industry at Waste Management, Inc., Slager's expertise and proven leadership are expected to be great assets to Eastman's board and the company as a whole.
As for Eastman Chemical Company itself, the global specialty materials company reported 2023 revenue of approximately $9.2 billion. With approximately 14,000 employees worldwide and serving customers in more than 100 countries, the company is headquartered in Kingsport, Tennessee, USA.
The addition of Mr. Slager to the board is expected to further enhance the company's commitment to safety and sustainability, as well as its innovation-driven growth model, which takes advantage of world-class technology platforms and deep customer engagement to grow its leading positions in attractive end markets such as transportation, building and construction, and consumables. The market has reacted to these announcements by moving the company's shares 0.5% to a price of $101.33. If you want to know more, read the company's complete 8-K report here.
