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SCHENECTADY, NY – May 23, 2016 – SI Group, Inc., a leading global developer and manufacturer of chemical intermediates, specialty resins, and solutions, announced today the appointment of Shane D. Fleming to the company’s board of directors. Mr. Fleming brings with him over 35 years of experience in the chemical industry, having recently retired from Cytec Industries following the 2015 acquisition of Cytec by Solvay S.A. Mr. Fleming served as Chairman of the Board, President, and CEO for Cytec Industries for seven years. Prior to that, he served as President and COO.
“The global marketplace is continuously evolving, and Shane’s extensive global expertise and leadership complements and enhances our existing board,” said Frank Bozich, President and CEO for SI Group. “We look forward to Shane’s contributions to the SI Group mission of developing innovative solutions that address complex global challenges, like fuel efficiency, environmental preservation, and energy conservation.”
During his time with Cytec, Mr. Fleming led the transformation from a company comprised of a number of commodity chemical, specialty chemical, and materials business segments, to a highly-focused specialty materials and specialty chemicals company. Over this seven-year period, both the profitability and growth rate of the company increased significantly driving a dramatic increase in the value of Cytec at the time of the Solvay acquisition. He holds a bachelor of science degree in fuels engineering from the University of Utah, Salt Lake City.
Mr. Fleming has been a member of the board of directors of the Valspar Corporation since June of 2013.
About SI Group
SI Group is a leading global developer and manufacturer of chemical intermediates, specialty resins, and solutions that are critical to the quality and performance of countless industrial and consumer goods. Founded in 1906 and headquartered in Schenectady, New York, SI Group is a family-owned company with over 2,700 employees worldwide. SI Group operates 20 manufacturing facilities on five continents with $1.6 billion in annual sales. SI Group is The Substance Inside. For more information, visit www.siigroup.com.
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