CALGARY, ALBERTA -- (Marketwire) -- 12/12/12 -- Dennis Flanagan, Chairman of the Board of Directors of Canexus Corporation (TSX: CUS) (the "Corporation" or "Canexus") is pleased to announce the appointment of Richard A. Ott to its Board of Directors on December 12, 2012.
Mr. Ott is a retired chemical industry executive with 36 years of experience in the industrial and specialty chemical businesses, both regionally and internationally. He retired from Kraton Performance Polymers Inc. in May of 2012, where he held positions as Vice President of Human Resources and Information Technology, and Vice President of Operations. Mr. Ott served during the carveout of the Elastomers business from Shell Chemical Company in 2001, private equity ownership, and the subsequent IPO of the company in December 2009. Kraton operates as a global specialty chemical business operating in North America, Europe, Latin America, and Asia and its shares trade on the New York Stock Exchange. Previously, he held various managerial positions at Shell Chemical Company, including manufacturing and supply chain, organizational development, sales, and strategic planning.
Mr. Ott received a Bachelor of Science in Industrial Engineering from West Virginia University in 1976.
Canexus produces sodium chlorate and chlor-alkali products largely for the pulp and paper and water treatment industries. Our four plants in Canada and two at one site in Brazil are reliable, low-cost, strategically-located facilities that capitalize on competitive electricity costs and transportation infrastructure to minimize production and delivery costs. Canexus also provides fee-for-service hydrocarbon transloading services to the oil and gas industry from its terminal at Bruderheim, Alberta. Canexus targets opportunities to maximize shareholder returns and delivers high-quality products to its customers. Canexus' common shares (CUS) and debentures (Series I - CUS.DB; Series III - CUS.DB.A; Series IV - CUS.DB.B) trade on the Toronto Stock Exchange. More information about Canexus is available at www.canexus.ca.
President and CEO
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