DOWNERS GROVE, Illinois, June 9, 2020 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced today the appointment of Matthew Ottaway as senior vice president global beauty care and nutrition at Univar Solutions. This appointment comes after the Company recently announced the combination of its 14 end markets to five macro categories including Consumer Solutions, General Industrial, Services & Other Markets, Industrial Specialties, and Refining & Chemical Processing. In his new role, Ottaway will be accountable for the continued expansion and growth of Univar Solutions existing global businesses of food ingredients, beauty, and personal care as well as the globalization of the Nutraceuticals business currently operating in Canada.
As part of the Consumer Solutions category, the beauty care and nutrition segments serve essential end-markets globally, where customers benefit from Univar Solutions' solutions centers model of formulation expertise.
"Matthew has a long history of driving a greater level of growth for our organization and connectivity across industry verticals globally. His insight, business acumen, and understanding of our global business makes him the perfect choice to lead our vertical industry expansion," said David Jukes, president and CEO of Univar Solutions. "With Matthew's proven senior leadership in this important role, we are well-positioned with customers and suppliers to take advantage of growth trends and lead the chemical and ingredient distribution market with new ideas that help us strategically grow with our suppliers and meet customer demand."
Ottaway brings more than 20 years of chemical and ingredients industry experience, working for both producers and distributors in sectors such as Beauty and Personal Care, Food Ingredients, Pharmaceuticals, and Coatings. In his most recent position with Univar Solutions as Focused Industries vice president for EMEA, Ottaway has been instrumental in designing and delivering growth strategies within the industries of his portfolio. He has built and executed on a people led plan designed to deliver value to Univar Solutions customers and suppliers with a focus on sales execution as well as both supplier and geographic expansion.
Ottaway joined Univar Solutions in December of 2014 as Personal Care industry director, where he had profit and loss (P&L) responsibility for a dedicated EMEA Personal Care team. Prior to joining Univar Solutions, Ottaway held positions of increasing responsibility in medical sales, biotechnology, and specialty chemicals in leading organizations across Europe.
About Univar Solutions
Univar Solutions (NYSE: UNVR) is a leading global specialty chemical and ingredient distributor representing a premier portfolio from the world's leading producers. With the industry's largest private transportation fleet and North American sales force, unparalleled logistics know-how, deep market and regulatory knowledge, world-class formulation and recipe development, and leading digital tools the company is well-positioned to offer tailored solutions and value-added services to a wide range of markets, industries, and applications. Univar Solutions is committed to helping customers and suppliers innovate and grow together. Learn more at www.univarsolutions.com.
Forward-Looking Statements
This press release includes certain statements relating to future events and our intentions, beliefs, expectations, and predictions for the future which are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company's control. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the expectations and assumptions. A detailed discussion of these factors and uncertainties is contained in the Company's filings with the Securities and Exchange Commission. Potential factors that could affect such forward-looking statements include, among others: the ultimate geographic spread of the COVID-19 pandemic; the duration and severity of the COVID-19 pandemic; actions that may be taken by governmental authorities to address or otherwise mitigate the impact of the COVID-19 pandemic; the potential negative impacts of COVID-19 on the global economy and our customers and suppliers; the overall impact of the COVID-19 pandemic on our business, results of operations and financial condition; other fluctuations in general economic conditions, particularly in industrial production and the demands of our customers; significant changes in the business strategies of producers or in the operations of our customers; increased competitive pressures, including as a result of competitor consolidation; significant changes in the pricing, demand and availability of chemicals; our levels of indebtedness, the restrictions imposed by our debt instruments, and our ability to obtain additional financing when needed; the broad spectrum of laws and regulations that we are subject to, including extensive environmental, health and safety laws and regulations; an inability to integrate the business and systems of companies we acquire, including of Nexeo Solutions, Inc., or to realize the anticipated benefits of such acquisitions; potential business disruptions and security breaches, including cybersecurity incidents; an inability to generate sufficient working capital; increases in transportation and fuel costs and changes in our relationship with third party providers; accidents, safety failures, environmental damage, product quality and liability issues and recalls; major or systemic delivery failures involving our distribution network or the products we carry; operational risks for which we may not be adequately insured; ongoing litigation and other legal and regulatory risks; challenges associated with international operations; exposure to interest rate and currency fluctuations; potential impairment of goodwill; liabilities associated with acquisitions, ventures and strategic investments; negative developments affecting our pension plans and multi-employer pensions; labor disruptions associated with the unionized portion of our workforce; and the other factors described in the Company's filings with the Securities and Exchange Commission. We caution you that the forward-looking information presented in this press release is not a guarantee of future events or results, and that actual events or results may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "plan," "seek, "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law.
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