– USA, NY – Minerals Technologies Inc. (NYSE: MTX) today announced the election of Douglas Dietrich, current CEO and Board member since 2016, to serve in the additional position of Chairman of the Board, effective immediately, succeeding Duane Dunham who has been a director since 2002 and the Chairman since 2016.
Also, Robert Clark has been appointed to the newly created position of Lead Independent Director, effective immediately.
Dr. Clark, who has been a member of the Board since 2009, is the Provost and SVP for Research at the University of Rochester.
Mr. Dunham will retire as a member of the Board of Directors when his term expires at the 2023 Annual Meeting of Shareholders.
“The Board’s decision to appoint Doug as Chairman is a reflection of his strong leadership and substantial contributions to improving MTI’s operating and financial performance as well as to building a high-performance culture since becoming CEO in 2016,” said Mr. Dunham. “The Board carefully considered our governance structure and determined that combining the roles of Chairman and CEO and creating the position of Lead Independent Director is in the best interest of shareholders as we continue to execute our company’s strategy for value creation.”
About Minerals Technologies Inc.
New York-based Minerals Technologies Inc. is a global resource- and technology-based company that develops, produces, and markets a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. MTI serves the paper, foundry, steel, construction, environmental, energy, polymer, and consumer products industries. The company reported sales of $1.6 billion in 2020.
For more information: https://www.mineralstech.com/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.