Innospec Inc. announced the appointment of Milton C "Bud" Blackmore as chairman of the company's board of directors, effective May 9, 2012. Blackmore has been on the Board of Directors of Innospec since June 2010 and will take up the role of chairman at the annual meeting in May, succeeding Dr. Bob Bew, who is retiring from the Board at that time.
"Since joining the Board, Bud has made a real contribution to our business," said Patrick Williams, president and CEO of Innospec. "His extensive experience in the oil refining and fuel marketing industry and his broad business understanding will be invaluable to us as we take the company into our next phase of growth. I would like to thank Bob for his leadership and commitment to the company. He has made a significant contribution to the development of Innospec since his appointment as chairman in 1998 and we wish him well for the future."
"As chairman, Bob has successfully led the company through a period of substantial change and Innospec today is a thriving specialty chemicals company with outstanding technology and an excellent management team,” said Blackmore. “Innospec has a clear strategy and an exciting future and has demonstrated its ability to deliver results. I am very pleased to take on the role of chairman and I am looking forward to leading the company while working with my fellow directors as well as with Patrick and the executive team."
"I have thoroughly enjoyed my involvement with Innospec over the last 13 years as chairman,” said Dr. Bew. The company has been transformed over that time and has a very bright future. It is now well positioned for further significant growth and I feel the time is right to hand over to a new chairman to take on that task."
Innospec Inc. is an international specialty chemicals company with approximately 850 employees in 20 countries. Innospec manufactures and supplies a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific.
For more information, visit www.innospecinc.com.