Stepan Company Welcomes New Leadership in Finance
Stepan Company Welcomes New Vice President and CFO
Stepan Company, a leader in the specialty and intermediate chemicals sector, proudly announces the appointment of Ruben Velasquez as their new Vice President and Chief Financial Officer. This significant move signifies Stepan's commitment to strengthening its financial leadership. Mr. Velasquez's role becomes effective immediately, signaling a new chapter in the company's financial strategy.
Mr. Velasquez's Impressive Background
Ruben Velasquez is no stranger to the complexities of finance. He comes to Stepan after serving as the Vice President of Global Finance Transformation at 3M Company. Throughout his career at 3M, he occupied various senior finance roles, showcasing his versatility and financial acumen. His expertise encompasses crucial areas, such as manufacturing, supply chain operations, and consumer business finance.
Before his notable tenure at 3M, Mr. Velasquez held impressive positions in the finance sector while working in Colombia and Russia, further highlighting his international experience. His journey began at Ecopetrol in Colombia, where he assumed pivotal senior finance leadership roles, including Finance Director and Interim Vice President and Corporate Chief Financial Officer. This diverse background equips him exceptionally well for his new role at Stepan Company.
Leadership and Future at Stepan
“Ruben brings over two decades of global finance leadership experience across diverse industries, including industrial conglomerates and the oil and gas industry,” stated Luis E. Rojo, President and Chief Executive Officer of Stepan Company. This quote emphasizes the wealth of knowledge Velasquez brings to the table, which is pivotal for managing Stepan’s financial path moving forward. The company also expresses gratitude to Samuel Hinrichsen, who will continue to serve as Vice President of Finance after his interim role as CFO.
About Stepan Company
Stepan Company is recognized for its excellence in manufacturing specialty and intermediate chemicals. As a leading merchant producer of surfactants, Stepan significantly contributes to both consumer and industrial cleaning products, disinfectants, and agricultural solutions. Their expertise in producing polyurethane polyols also positions them as a key player in the thermal insulation market and protective coatings sectors.
With its headquarters located in Northbrook, the company proudly operates a sophisticated network of production facilities across North and South America, Europe, and Asia. This global reach enhances Stepan's capabilities and facilitates their commitment to high-quality production and innovation in the chemical industry.
As a publicly traded company on the New York Stock Exchange under the ticker symbol SCL, Stepan Company invites investors and stakeholders alike to engage with them and explore both their current initiatives and future opportunities.
Frequently Asked Questions
What is the role of Ruben Velasquez at Stepan Company?
Ruben Velasquez has been appointed the Vice President and Chief Financial Officer, responsible for leading the finance department.
What previous experience does Mr. Velasquez have?
Mr. Velasquez previously served at 3M Company in various senior finance roles, showcasing his extensive industry experience.
What does Stepan Company specialize in?
Stepan Company specializes in manufacturing specialty and intermediate chemicals for several industries, including cleaning and agricultural solutions.
Where is Stepan Company located?
Stepan Company is headquartered in Northbrook, Illinois, with production facilities across the globe.
What is the stock ticker for Stepan Company?
The company's common stock trades on the NYSE under the ticker symbol SCL.
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