A. Schulman announces CEO Terry L. Haines will retire

20-Nov-2007

A. Schulman Inc. announced that its long-serving and dedicated Chairman, President and Chief Executive Officer, Terry L. Haines, will retire. Haines and the Company have identified a highly qualified candidate and are negotiating with that individual to assume the CEO position by March 1, 2008. Haines, a 42-year employee of the Company, will retire once the new CEO is in place.

"My entire adult life has been devoted to A. Schulman and its stockholders and I have enjoyed a wonderful relationship with our Board of Directors and the employees of our Company around the world over the years," Haines said. "I am confident that the candidate we have identified is the right person to lead the Company to new levels of success. I am convinced that the Company is positioned to achieve great things through its strategic plans and initiatives, including the restructuring of our North American operations and launch of our new Invision® product. I have rarely imagined life after A. Schulman, but it is the right time to begin that life as long as I can help the Company prepare for its future successes."

Haines was appointed President and Chief Executive Officer in January 1991 and was appointed Chairman of the Board in January 2006.

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