A. Schulman appoints Dr. Irvin D. Reid to board of directors
A. Schulman, Inc. announced that Dr. Irvin D. Reid will join its Board of Directors, effective immediately. In line with a recently approved proposal for annual election of all directors, he will serve a one-year term that will expire at the 2009 annual meeting of stockholders.
The appointment results from a November 2008 agreement between the Company and one of its largest stockholders, Ramius LLC, to form a Selection Committee to fill a Board vacancy with a qualified, experienced independent director. The Committee, comprising three independent directors, was charged with recommending candidates to succeed the retired Peggy G. Miller. Upon submission of the nominees, the Board of Directors unanimously agreed to appoint Dr. Reid, whose addition brings the number of directors to 12.
Dr. Reid, 67, has spent most of his career in academia. Since 1997, he has served as President and Professor in Management at Wayne State University in Detroit. He is currently President Emeritus, Eugene Applebaum Professor, and previously served as President of Montclair State University for eight years. He has also been Dean of the School of Business Administration at the University of Tennessee. His broad public company Board experience includes current service as a director of PEP Boys, which provides automotive parts and repairs, and Mack-Cali Realty Corporation, a real estate investment trust.
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