PolyOne Corporation (NYSE: POL), a leading global provider of specialized polymer materials, services and solutions, announced that its Board of Directors has elected Kerry J. Preete as an independent director effective. He will serve on the Environmental, Health and Safety committee and the Compensation committee. His election expands the number of PolyOne directors to 11.
Mr. Preete, 53, is executive vice president of global strategy for Monsanto Company, a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality. He joined Monsanto in 1985 where he has since dedicated his career to successfully leading functional areas and global business divisions of the company. In his current role, Mr. Preete is responsible for setting direction of overall company strategy, business development platforms, management of the lawn and garden business and Information Technology. He earned a bachelor's degree in commerce from University of Saskatchewan in Saskatoon, Saskatchewan, Canada and an MBA from Washington University in St. Louis, Missouri.
"We are extremely pleased that Kerry has joined PolyOne's Board of Directors, and we look forward to his unique perspectives and insights," said Stephen D. Newlin, chairman, president and chief executive officer, PolyOne Corporation. "His track record of developing and executing strategies rooted in innovation that deliver growth provides an excellent complement to our already high-caliber and diverse Board."
Commenting on his election, Mr. Preete said, "It's a privilege for me to join PolyOne's Board. The company's successful transformation into specialty solutions is admirable, and its ambitious plans for continued growth and innovation are ones that I look forward to contributing to in my role as a director."