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MALVERN, Pennsylvania – Ecovyst Inc. (NYSE: ECVT), a global supplier of advanced materials and specialty catalysts, announced the expansion of its Board of Directors from eight to nine members with the appointment of Sarah Lorance, effective March 1, 2024 Concurrently, the Board nominated Don Althoff for election at the Company’s annual meeting of stockholders on May 8, 2024.
Lorance’s appointment and that of Althoff follow the impending retirement of director Kyle Vann, who will not seek re-election. Ecovyst President Kevin M. Fogarty expressed his pleasure in welcoming Lorance to the board of directors and congratulated Althoff on his appointment, noting the diversity of experiences and critical perspectives he is expected to bring.
Sarah Lorance has more than two decades of corporate experience, particularly in finance, mergers and acquisitions, risk management and compliance. Her recent roles include owner and executive advisor at Autumn Advisors, LLC and Chief Compliance Officer at Elevance Health, Inc. Lorance also holds several board positions, including the Alzheimer’s Association and VSP Vision.
Don Althoff has 40 years of experience in the chemical and energy industries, with previous leadership roles at Veresen Midstream LP and Veresen Inc. His experience is expected to provide valuable guidance to Ecovyst’s board of directors.
CEO Kurt J. Bitting highlighted the progress resulting from the Board’s deliberate revamp and expressed confidence in the business acumen of both Lorance and Althoff. Bitting also acknowledged the contribution of the late Kyle Vann, who has been with Ecovyst since 2014.
Ecovyst, with its strategic network of manufacturing facilities, supports global customers in sustainability efforts predominantly through inorganic products and services. Its specialized businesses, Ecoservices and Advanced Materials & Catalysts, offer products and services ranging from sulfuric acid recycling and virgin sulfuric acid production to the supply of silica catalysts and specialty zeolites.
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