BERWYN, US: Trinseo, a global materials company said that Martin Pugh, currently the executive vice president and chief operating officer (COO), will retire, effective 1 March.
The COO position was established as an interim role in 2015 while Trinseo integrated a number of strategic initiatives into the business. The company will not be replacing Pugh in the COO role, as these initiatives have been completed.
Tim Stedman (senior vice president and Business President for basic plastics and feedstocks) and Hayati Yarkadas (senior vice president and business president for performance materials), will now report directly to Chris Pappas, president and CEO of Trinseo.
With a career in the chemical industry spanning nearly 40 years, Pugh has made exceptional contributions to business leadership, marketing management and sales roles around the world. Pugh joined Trinseo (known as Styron at that time) in March 2013 as senior VP and business president for Plastics and later served as SVP and Business President for Performance Materials. During his stay in the company, he held a various leadership position.
“Martin is a trusted business executive, a respected industry leader, and a friend. In his four years with Trinseo, he has truly made his mark by propelling the company’s evolution and growth to become the successful enterprise it is today. His wisdom, strategic insights and leadership excellence will be missed by Trinseo colleagues and customers alike, and we wish him all the best in his retirement,” said Pappas.
Read More: Martin Pugh to retire as COO of Trinseo
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