– USA, OK – LSB Industries, Inc. (NYSE:LXU), announced the resignation of Joseph Reece from its Board of Directors effective today. Mr. Reece, who was previously the Executive Vice Chairman of UBS Securities LLC, was recently promoted by UBS to be the head of its Investment Bank – Corporate Client Solutions Business for the Americas, a position which requires a substantially increased time commitment from his previous responsibilities. Accordingly, Mr. Reece has decided to resign from the LSB Board. The vacancy will be filled, effective immediately, by Jonathan Bobb, a former director of LSB’s Board and member of the Corporate Investment team at Eldridge Industries, the parent of Security Benefit Corporation. With these changes, the size of LSB’s Board will remain at nine directors, of which six are independent.
LSB’s President and CEO, Daniel Greenwell, stated, “I, along with my fellow directors, would like to thank Joe for his contributions to LSB over the past two years, and congratulate him on his new position at UBS. We would also like to welcome Jonathan back to our Board and look forward to working with him as we move forward in our efforts to strengthen our operations and enhance our financial position.”
About LSB Industries, Inc.
LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets. The Company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a global chemical company in Baytown, Texas. LSB’s products are sold through distributors and directly to end customers throughout the United States.
For more information : http://www.lsbindustries.com
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