AKRON, Ohio, Sept. 24 /PRNewswire-FirstCall/ -- A. Schulman, Inc. (Nasdaq-GS: SHLM) announced today that Todd Nichols has been named Sales Manager - Engineered Plastics, North America, effective October 1, 2009.
"In his 23 years at A. Schulman, Todd repeatedly has demonstrated an extensive knowledge of the plastics compounding industry, a keen understanding of customer needs and an inherent ability to cultivate new markets that fit our growth strategy," said Oliver Stahl, General Manager - Engineered Plastics, North America. "We look forward to his continuing contributions as he leads an invigorated sales team toward the goal of improving the profitable growth of our Engineered Plastics business in North America."
Nichols joined A. Schulman in 1986 and has held a variety of product, account and market development positions during his career with the Company. He has been responsible for developing and marketing a number of products including reinforced and flame-retardant compounds. Most recently, he was a Key Account Manager for Engineered Plastics, North America, responsible for developing and managing key accounts to meet business unit objectives.
Nichols attended the University of Akron, majoring in business management. He also has a certification from the Owen Graduate School of Management Program at Vanderbilt University.
About A. Schulman, Inc.
Headquartered in Akron, Ohio, A. Schulman is a leading international supplier of high-performance plastic compounds and resins. These materials are used in a variety of consumer, industrial, automotive and packaging applications. The Company employs about 2,000 people and has 16 manufacturing facilities in North America, Europe and Asia. Revenues for the fiscal year ended August 31, 2008, were $1.98 billion. Additional information about A. Schulman can be found at http://www.aschulman.com/.
Forward-Looking Statements
Certain statements in this release may constitute forward-looking statements within the meaning of the Federal securities laws. These statements can be identified by the fact that they do not relate strictly to historic or current facts. They use such words as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. These forward-looking statements are based on currently available information, but are subject to a variety of uncertainties, unknown risks and other factors concerning the Company's operations and business environment, which are difficult to predict and are beyond the control of the Company. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements, and that could adversely affect the Company's future financial performance, include, but are not limited to, the following:
-- Worldwide and regional economic, business and political conditions, including continuing economic uncertainties in some or all of the Company's major product markets; -- Fluctuations in the value of currencies in major areas where the Company operates, including the U.S. dollar, Euro, U.K. pound sterling, Canadian dollar, Mexican peso, Chinese yuan and Indonesian rupiah; -- Fluctuations in the prices of sources of energy or plastic resins and other raw materials; -- Changes in customer demand and requirements; -- Escalation in the cost of providing employee health care; -- The outcome of any legal claims known or unknown; -- The performance of the global auto market; -- The global financial market turbulence; and -- The global or regional economic slowdown or recession.
Additional risk factors that could affect the Company's performance are set forth in the Company's Annual Report on Form 10-K. In addition, risks and uncertainties not presently known to the Company or that it believes to be immaterial also may adversely affect the Company. Should any known or unknown risks or uncertainties develop into actual events, or underlying assumptions prove inaccurate, these developments could have material adverse effects on the Company's business, financial condition and results of operations.
This release contains time-sensitive information that reflects management's best analysis only as of the date of this release. A. Schulman does not undertake an obligation to publicly update or revise any forward-looking statements to reflect new events, information or circumstances, or otherwise. Further information concerning issues that could materially affect financial performance related to forward-looking statements can be found in A. Schulman's periodic filings with the Securities and Exchange Commission.
A. Schulman, Inc.
CONTACT: Paul DeSantis, CFO and Treasurer of A. Schulman Inc.,
+1-330-666-3751
Web Site: http://www.aschulman.com/
