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Leadership Changes to Accelerate H.B. Fuller's Profitable Growth in EMEA

Published on 2009-08-07. Author : SpecialChem

ST. PAUL, Minn. -- H.B. Fuller Company announced that Steven Kenny will join the company as senior vice president, EMEA (Europe, Middle East, Africa) and India, on Oct. 5, 2009, and Stephen Ringsdore will join the company as vice president of Western Europe, on Sept 1., 2009. Kenny will also serve as a member of H.B. Fuller's Executive Committee. The moves reflect H.B. Fuller's commitment to profitable growth in its established markets in Western Europe, while pursuing growth opportunities and geographic expansion in the emerging markets of Eastern Europe, the Middle East, Africa and India.

Kenny, 48, has built an extensive career in the adhesives industry, having spent 25 years with National Starch and Chemical. Before leaving that company in 2008, he served as corporate vice president and general manager for National Starch's Adhesives Division, Europe, Middle East, and Africa. In that role, he led 900 employees in 15 countries, including operations in Poland, Russia, Saudi Arabia and Turkey. Kenny, who spent his early career in sales and sales management positions with National Starch, also served as divisional vice president and general manager for the company's Vinamul Polymers Division in North America; general manager for Chile; and business group director for Bondmaster Adhesives in Europe, Middle East and Africa. He is currently based in Warwickshire, U.K., and serves as president for the specialty packaging business of Pregis, a Deerfield, Ill., based global specialty packaging company. Kenny holds a master's degree in economics from the University of Edinburgh.

Ringsdore, 51, has 26 years of adhesive industry experience, including 25 with National Starch and Chemical. Since 2007, he has served as managing director, Industrial Adhesives, China, where he has overseen operations in China and Taiwan, driving sales growth and significantly improving return on sales, and managing the company's recent integration with Henkel in this market. Previous positions include: regional sales director for National's North American Adhesives Division; business director of the pressure sensitive adhesives business; regional sales director for the Eastern United States; regional sales director for the U.K., France and Ireland; and general manager of the U.K. Ringsdore holds a bachelor's degree in economic history from Southampton University.

"We are delighted to welcome two very talented industry veterans, Steven Kenny and Stephen Ringsdore, to the H.B. Fuller team. Both bring extensive industry experience, proven commercial track records of delivering profitable growth in both established and emerging markets, and solid leadership expertise. They will be instrumental in driving H.B. Fuller's transformation to profitable growth in EMEA and expanding the region's geographic presence into higher growth markets," said Michele Volpi, H.B. Fuller president and chief executive officer. "Through their leadership, we will be well-positioned to capitalize on the many opportunities in front of us and unlock the tremendous potential of our second largest region."

Muller, H.B. Fuller's vice president of EMEA since 2006, has left the company to pursue other opportunities. During the interim, the EMEA region will report to Michele Volpi.

About H.B. Fuller Company:

H.B. Fuller Company is a leading worldwide formulator and marketer of adhesives, sealants, paints and other specialty chemical products, with fiscal 2008 net revenue of $1.4 billion. Its common stock is traded on the New York Stock Exchange under the ticker symbol FUL.

Forward-Looking Statements:

Certain statements in this document may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to various risks and uncertainties, including but not limited to the following: the Company's ability to effectively integrate and operate acquired businesses; political and economic conditions; product demand; competitive products and pricing; costs of and savings from restructuring initiatives; geographic and product mix; availability and price of raw materials; the Company's relationships with its major customers and suppliers; changes in tax laws and tariffs; devaluations and other foreign exchange rate fluctuations; the impact of litigation and environmental matters; the effect of new accounting pronouncements and accounting charges and credits; and similar matters. Further information about the various risks and uncertainties can be found in the Company's SEC 10-Q filings of April 3, 2009 and July 1, 2009 and 10-K filing of January 28, 2009. All forward-looking information represents management's best judgment as of this date based on information currently available that in the future may prove to have been inaccurate. Additionally, the variety of products sold by the Company and the regions where the Company does business make it difficult to determine with certainty the increases or decreases in net revenue resulting from changes in the volume of products sold, currency impact, changes in product mix, and selling prices. However, management's best estimates of these changes as well as changes in other factors have been included.

Source: H.B. Fuller Company


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