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- LSB Industries Announces Leadership Transition: Richard Roedel Retires as Chairman of the Board
LSB Industries Announces Leadership Transition: Richard Roedel Retires as Chairman of the Board
Slice of Energy Team
August 14, 2024
Key Highlights:
Richard Roedel retires as Chairman of LSB Industries due to health reasons.
Mark Behrman, President and CEO, appointed as new Chairman of the Board.
Lynn White named Lead Independent Director, ensuring continuity and strong governance.
Source (Business Wire)
Notable Quotes:
“It has been an extremely gratifying experience to serve on a Board of this caliber. I am very proud of our achievements helping to bring LSB Industries to the point where it is now; a well-capitalized company with strong prospects for future growth.”
“On behalf of the Board and the entire LSB team, I would like to thank Rich for his years of service to LSB. We move forward well-positioned in our pursuit of growth and our vision of becoming a leader in the global energy transition thanks to Rich’s contributions.”
Our Take:
LSB Industries' leadership transition underscores the company's strategic focus on continuity and growth, particularly in its pursuit of becoming a leader in the global energy transition. The election of Mark Behrman as Chairman, given his extensive experience in finance and his pivotal role in the company's transformation, signals a strong commitment to maintaining momentum in LSB’s low-carbon initiatives. The appointment of Lynn White as Lead Independent Director further reinforces governance stability during this period of change. As the company navigates this transition, its well-capitalized position and strategic direction suggest a positive outlook for sustained growth and innovation in the energy sector.