The Chemical Intermediates segment leverages large scale and vertical integration from the acetyl, olefins, and alkylamine streams and proprietary manufacturing technology for specialty fluids to manufacture diversified products that are sold externally for use in markets such as industrial chemicals and processing; building and construction; health and wellness; energy, fuels, and water; consumables; agriculture, as well as used internally by other Eastman segments. Senior Finance Manager. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. He has been instrumental in developing Eastman’s growth strategies, and has led Eastman’s manufacturing and global supply chain. The pine chemical supplier was utilizing the cartel to extort gatherers to accept a submarket price with a portion of the reduction passed to Eastman. Morningstar Financial Research conducts Analysis on Markets, Mutual Fund, Stocks and ETFs through Investment Data and News. Ms. Hornbaker has been Chief Executive Officer of Storey & Gates LLC, a consulting firm providing business advisory services including executive coaching and board governance training for boards, since founding the company in 2018. In 2014 and early 2016, Eastman converted two boilers at its Kingsport, Tennessee, site from coal to natural gas combustion. The analyst consensus points to a rating of âBuyâ. Mr. O’Brien is also a member of the Boards of Directors of Albemarle Corporation and Humana Inc., and was during the last five years a member of the Board of Directors of WESCO International, Inc. 143. Dow Inc. is a material science company that is combining science and technology to develop solutions. [11][12] Eastman Advanced Circular Recycling technologies complement mechanical recycling by processing a wide spectrum of waste plastics that traditional recycling methods cannot, including polyesters, polypropylene, polyethylene, and polystyrene. He joined Monsanto in 1983, initially serving in the company’s sales and marketing organization and later in various senior management and executive positions with increasing responsibility, including Executive Vice President, Global Commercial from October 2007 to October 2009, Executive Vice President and Chief Commercial Officer until August 2012, and President and Chief Commercial Officer from August 2012 to October 2013. The "Chemicals from Coal Facility" at the Kingsport plant was recognized as a National Historic Chemical Landmark by the American Chemical Society in 1995.[6]. Mr. Doheny was also a member of the Board of Directors of John Bean Technologies Corporation during the last five years. © 2021 Eastman Chemical Company or its subsidiaries. Dr. Mink is also a member of the Board of Directors of PolyOne Corp. and Air Liquide. Prior to joining Norfolk Southern, Ms. Allen Sutherland was appointed by President Obama as Chair and CEO of the U.S. Chemical Safety and Hazard Investigation Board. Finance C&ENâs Global Top 50 chemical companies of 2018 Sales were up in a strong year, and the ranking has a new top company, DowDuPont ... Eastman Chemical ⦠Following that, she served in senior financial positions with several major companies from 1986 until 1996, including five years at Phelps Dodge Corporation where she had financial responsibilities for its international businesses including Columbian Chemicals Corporation. Ms. Hornbaker is also a member of the Boards of Directors of Berry Corporation, an independent upstream energy company, Tri Global Energy, LLC, a private clean energy development company, The Freeman Company, a family and employee-owned company which produces expositions, conventions, trade shows, and other corporate events and exhibits, and CLEAResult, a designer of technology-enabled energy efficiency and demand response programs for utility companies in North America. Eastman Chemical Co., based in Kingsport, Tenn. Celanese has singlehandedly made Mexico one of the worldâs major producers of acetic anhydride. Committees: Audit; Finance; Environmental, Safety and Sustainability. The company's products and operations are currently managed and reported in four operating segments: Additives & Functional Products, Advanced Materials, Chemical Intermediates and Fibers.[5]. Upper Level Writing Courses: Diversity Courses: Community-Engaged Learning Courses Sustainability and Corporate Responsibility, Learn how and when to remove this template message, "Eastman Announces Fourth-Quarter and Full Year 2020 Financial Results", "Eastman Chemical Company Fourth Quarter 2020 Financial Results Release", "Acetyl Chemicals from Coal Gasification", "Eastman Completes Acquisition of Taminco", "State discloses likely cause of Eastman explosion", "Eastman offers second innovative recycling solution to global plastic waste problem", "Eastman offers innovative recycling technology for polyesters", "Eastman to recycle discarded carpet into new materials", "Eastman and Governor Lee Announce World-Scale Plastic-to-Plastic Molecular Recycling Facility to be Built in Kingsport, Tenn", "Daily Beast: The Forest Guardians who beat back Mexico's cartels", Tennessee Eastman Company/Eastman Chemical Company, Tennessee Encyclopedia of History and Culture, https://en.wikipedia.org/w/index.php?title=Eastman_Chemical_Company&oldid=1012473663, Companies listed on the New York Stock Exchange, Manufacturing companies based in Tennessee, Wikipedia articles scheduled for update tagging, Wikipedia articles in need of updating from March 2021, All Wikipedia articles in need of updating, Articles needing additional references from October 2013, All articles needing additional references, Articles with unsourced statements from September 2018, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License. Good ⦠Learn About the Job. Mr. Stevens is also a member of the Board of Directors of Flex Ltd., Masco Corporation and Tenneco Inc. You may be trying to access this site from a secured browser on the server. Mr. Alfonso was President, International, of The Hershey Company, the largest producer of quality chocolate in North America and a global leader in chocolate and sugar confectionery, from April 2013 until his retirement in June 2015. It occurred in the Aniline production, 16 people were killed with many more being injured. He joined Ashland (then known as Ashland Chemical Company) in 1976, and after serving in various positions, became President of the Valvoline business in 1995. Prior to joining Dow, she had previously served for more than 20 years at the Rohm and Haas Company (which was acquired by Dow) where she held roles of increasing responsibility, including corporate vice president and general manager for the Ion Exchange Resins business. Cheap Web Hosting Web hosting market is competitive and for best hosting provider and cheap web hosting for which they do hosting companies comparison to host web page or website. View real-time stock prices and stock quotes for a full financial overview. Eastman Chemical Co has a cash-to-debt ratio of 0.10, which which ranks in the bottom 10% of the companies in Chemicals industry. The article asserted that even after being notified Eastman's sourcing of raw pine chemicals was from a business the Mexican government found was operating in cooperation with the Knights Templars, a criminal cartel. As of 2006 Eastman was ranked twenty-seventh among U.S. corporate producers of air pollution according to a 2010 study conducted by the University of Massachusetts Amherst Political Economy Research Institute. Eastman has been a member of Responsible Care®, a global voluntary initiative developed autonomously by the chemical industry to improve health, safety, and environmental performance, for more than 25 years. In 1994, Eastman was spun off from Eastman Kodak and became an independent corporation. In 2013, Eastman was named Responsible Care Company of the Year in the large company category by the American Chemistry Council (ACC). Eastman facilities in four U.S. states released 7.02 million pounds of chemicals into the air in that year. Ms. Allen Sutherland has also been elected to the board of Southern Company Gas, a subsidiary of Southern Company, effective February 16, 2021. In the Fibers segment, Eastman manufactures and sells Estron™ acetate tow and Estrobond™ triacetin plasticizers for use primarily in the manufacture of cigarette filters; Estron™ natural and Chromspun™ solution-dyed acetate yarns for use in apparel, home furnishings and industrial fabrics; and cellulose acetate flake and acetyl raw materials for other acetate fiber producers. From opening a bank account to insuring your familyâs home and belongings, itâs important you know which options are right for you. Select the language for which you'd like to review the Third Party Code of Conduct. Some models were manufactured by Kodak. In this segment, Eastman produces and markets specialty copolyesters, cellulose esters, interlayers, and aftermarket window film products for use in transportation, consumables, building and construction, durable goods, health and wellness, and electronics. Eastman Chemical Company with ticker code (EMN) now have 19 analysts covering the stock. Production Engineer. You obtain the following returns data for Wilder's Creations and Buildings (WCB). 14 salaries. [10], In 2019, Eastman began commercial-scale chemical recycling for a broad set of waste plastics that would otherwise be placed in a landfill or incinerated. [9] In April 2018, the Tennessee Department of Environment and Conservation determined the cause to be a valve blockage due to slurry or debris intrusion. You was granted access to the trade secrets while working at The Coca-Cola Company in Atlanta, Georgia, and Eastman Chemical Company in Kingsport, Tennessee. Mr. Costa has been Chief Executive Officer since January 2014 and Board of Directors Chair since July 2014. Previously, Mr. Doheny served as President and Chief Executive Officer and a director of Joy Global Inc., a manufacturer and servicer of industrial mining equipment, from December 2013 through May 2017 and as Executive Vice President and as President and Chief Operating Officer of Joy Global’s Underground Mining Machinery business from 2006 to 2013. During World War II, RDX, a powerful explosive, was manufactured for the U.S. government at Holston Ordnance Works at Tennessee Eastman sites. As used herein, ® denotes registered trademark status in the U.S. only. Cost Accountant. Tennessee Eastman was responsible for managing the Y-12 National Security Complex at Oak Ridge, Tennessee which produced enriched uranium for the Manhattan Project, from 1943 to May 1947. In this segment, Eastman manufactures chemicals and adhesive resins for products in the coatings and tires industries in transportation, building and construction, durable goods, health and wellness, and consumables markets. Westlake Chemical Corporation (WLK Quick Quote WLK - Free Report) has an Earnings ESP of +0.64% and a Zacks Rank #3.It is expected to report ⦠He was appointed President in May 2013 and served in that position until he became Chief Executive Officer. Dr. Mink was President and Chief Executive Officer of Innophos Holdings, Inc., a leading international producer of performance-critical and nutritional functional ingredients, with applications in food, health, nutrition and industrial specialties markets, from December 2015, a director of Innophos from January 2016, and Chairman of the Board from February 2017, until completion of One Rock Capital Partners’s acquisition of Innophos in February 2020. Committees: Compensation and Management Development (Chair); Finance; Environmental, Safety and Sustainability; Nominating and Corporate Governance. [15], Eastman Chemical Company operates more than 50 manufacturing sites in 16 countries:[2]. Ms. Allen Sutherland joined Norfolk Southern in June 2018 and served in various positions including Vice President Law from June 2018 to April 2019, Senior Vice President Law and Chief Legal Officer from April 2019 to August 2019, and Senior Vice President Government Relations and Chief Legal Officer from August 2019 to March 2020. All rights reserved. In 1977, Ms. Hornbaker joined the accounting firm Deloitte, Haskins & Sells, where she became a senior manager of its audit practice in the firm’s Chicago office. In 2013, the EPA designated a 3-km radius circle around the Eastman facility in Kingsport, TN as nonattainment for the 2010 1-hour sulfur dioxide (SO2) primary Mr. O’Brien served as Chairman of the Board and Chief Executive Officer of Ashland Inc., a leading global specialty chemical company, from 2002 until his retirement in December 2014, and previously served as President and Chief Operating Officer and Senior Vice President and Group Operating Officer from 2001 to 2002. Nominating and Corporate Governance (Chair). ⦠Eastman began commercial operation of carbon renewal technology in October 2019 at the company's largest manufacturing facility in Kingsport, Tenn. Eastman Chemical Co Q1 2021 Earnings Call Apr 30, 2021, 8:00 a.m. âWe delivered outstanding first ⦠Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemicals ⦠In 2020, Eastman will use carbon renewal technology to recycle millions of pounds of polyester carpet that would otherwise have been placed in a landfill.[13]. These waste plastics are derived from a variety of sources, including single-use plastics, textiles, and cuttings from discarded carpet. She developed and teaches executive education courses for the Eli Broad College of Management at Michigan State University designed to help women be more successful in their careers and help senior leadership build a more inclusive corporate culture. Prior to joining Joy Global, Mr. Doheny had a 21-year career with Ingersoll-Rand plc where he held a series of executive and senior management positions of increasing responsibility, including President of Industrial Technologies and President of the Air Solutions Group. In 1960, there was a explosion at Eastman's Kingsport plant. Products such as calcium acetate, sodium acetate, acetic acid, and acetic anhydride became the basis for the company’s platforms. [8], On the morning of October 4, 2017, an explosion occurred at its Kingsport Plant around the coal gasification building. In 1983, Eastman opened the first commercial coal gasification facility in the United States at its Kingsport plant site to produce chemicals from syngas rather than petroleum. This technology is now owned by DAK Americas. Since joining Eastman in 2006, he has held a number of executive positions. Third Party Code of Conduct. Before joining Hershey, Mr. Alfonso held a variety of finance positions at Cadbury Schweppes, a producer of soft drinks and premium beverages, most recently serving as Executive Vice President Finance and Chief Financial Officer of Cadbury Schweppes Americas Beverages from March 2005 to July 2006 and Vice President Finance, Global Supply Chain from May 2003 to March 2005. Previously, Ms. Holder served as Senior Vice President, Chief Marketing, Sales and Reputation Officer, U.S. Area Executive Oversight of The Dow Chemical Company, a diversified, worldwide manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services, from 2007 until her retirement in 2009, and before that was Vice President, Human Resources, Public Affairs and Diversity and Inclusion of Dow from 2006. View More. He was Executive Vice President, Chief Financial Officer, and Chief Administrative Officer from November 2011 to April 2013, and Senior Vice President and Chief Financial Officer from July 2007 to November 2011. As used herein, ® denotes registered trademark status in the U.S. only. Mr. Begemann became the Chief Operating Officer for the Crop Science Division of Bayer AG, a German global life sciences company with core competencies in the areas of health care and agriculture, upon the completion of Bayer’s acquisition of Monsanto Company, a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality, in June 2018. 1993: Eastman Chemical, a Kodak subsidiary founded by George Eastman in 1920 to supply Kodak's chemical needs, was spun off as a separate corporation. He served as CEO from June 2016, and a director from March 2017, until January 2018 of Yowie, a global brand licensing company specializing in the development of Yowie character children's consumer products. His search for suitable quantities of methanol and acetone led him to the southern United States. ET ⦠Ms. Hornbaker served as Chief Financial Officer of Shared Technologies, Inc., a provider of converged voice and data networking solutions, from 2006 to May 2011, and was Consultant to the Chief Executive Officer of CompuCom Systems, Inc., an information technology services provider, from 2005 to 2006. The range between the high target price and low target price is between 130 and 96 with the average target price sitting at 116.05. Jobs Salaries Interviews. Eastman Chemical Company is an American company primarily involved in the chemical industry. Mr. Raisbeck was appointed President of Cargill's Financial Markets Division in 1988 and President of Cargill's Trading Sector in 1993, was elected a director of Cargill in 1994 and Executive Vice President in 1995. ... Eastman. This is the debt and cash of Eastman Chemical Co over the past years: Eastman is a global specialty chemical company that produces a broad range of advanced materials, additives and functional products, specialty chemicals, and ⦠She was Vice President and Chief Financial Officer of Flowserve Corporation, a global provider of industrial flow management products and services, from 1997 until 2004, and served as Vice President of Business Development and Chief Information Officer from 1997 to 1998. The slides and prepared remarks to be discussed during the call and webcast will be available at investors.eastman.com at approximately 5:00 p.m. In 1920, Tennessee Eastman was founded with two major platforms – organic chemicals and acetyls. 15 salaries. Business data for Eastman Chemical Company: This page was last edited on 16 March 2021, at 15:35. Retired Chief Executive Officer, Global, of Yowie Group Ltd. As of 2019, Eastman has been recognized by the U.S. Environmental Protection Agency (EPA) as an ENERGY STAR Partner of the Year eight consecutive years. Committees: Compensation and Management Development; Nominating and Corporate Governance; Finance (Chair); Environmental, Safety and Sustainability. [7], In December 2014, Eastman completed its acquisition of Taminco Corporation for $2.8 billion. [17] Eastman was awarded the 2009 Presidential Green Chemistry Challenge Award presented by the U.S. Environmental Protection Agency (EPA). Ms. Holder is also a member of the Board of Directors of W.R. Grace & Co., a leading global supplier of catalysts and engineered materials. In addition, he served as Chief Marketing Officer and had responsibility for the Company’s corporate innovation organization. He joined the Buick-Oldsmobile-Cadillac Group in 1978 and served in various positions of increasing responsibility in the financial and operating organizations, including Chief Financial Officer, General Manager ASEAN Operations and Vice President Finance, Thailand from 2002 to 2005, Vice President Finance, Chief Financial Officer, Canada from 2006 to 2007, Executive Director, Finance, Chief Financial Officer, Mexico from 2008 to 2009, Chief Financial Officer, North America and Interim Chief Financial Officer and General Manager, South America from 2010 to 2013. He joined Cargill in 1971 and held a variety of merchandising and management positions focused primarily in the commodity and financial trading businesses. Eastman's recycling technologies - carbon renewal technology and polyester renewal technology - provide a true circular solution of infinite recycling for materials, allowing them to be reused repeatedly. As part of our recruiting and hiring process, Eastman will not ask for fees, payments or credit card information.
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