Scott Sutton, a member of the Celanese Board of Directors, has resigned to become the CEO of Rayonier Advanced Materials Inc.
Celanese Corporation acknowledged Sutton's contributions and thanked him for his service on the Board.
The Company expressed confidence in its strategic direction and commitment to creating sustained value for shareholders.
Resignation and New Role
Scott Sutton resigned from Celanese's Board to take up the CEO position at another company, showing career advancement.
Acknowledgement of Contribution
Celanese recognized Sutton's industry experience and contributions to the Board's oversight.
Confidence in Strategic Execution
The Company is confident in its disciplined approach to strategic execution and creating value for shareholders.
- Scott Sutton's departure signifies a shift in leadership dynamics within Celanese Corporation.
- Management's actions to boost cash flow, cut costs, and drive top-line growth reflect a commitment to enhancing shareholder value.
Celanese Corporation remains focused on its strategic priorities and building upon its current success with confidence in the future.