Stepan Company (NYSE: SCL) has recently appointed Corning Painter as a director, effective immediately. Painter brings with him extensive leadership and chemical industry experience, having served as the chief executive officer of Orion S.A., a global chemical manufacturer, since September 2018. Prior to this, he held the position of executive vice president for industrial gases at Air Products and Chemicals, a company he joined in 1984.
Stepan Company is a major manufacturer of specialty and intermediate chemicals used in various industries. The company is a leading merchant producer of surfactants, essential in consumer and industrial cleaning and disinfection compounds, as well as in agricultural and oilfield solutions. Additionally, Stepan is a prominent supplier of polyurethane polyols used in the expanding thermal insulation market, as well as in the coatings, adhesives, sealants, and elastomers (CASE) industries.
The company's common stock is traded on the New York Stock Exchange under the symbol SCL. As a result of these announcements, the company's shares have moved 2.76% on the market, and are now trading at a price of $56.26. For more information, read the company's full 8-K submission here.
