Robert E. Chappell Intends Not to Stand for Reelection at the AGM of Quaker Chemical Corporation
March 31, 2020 at 07:02 am
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Quaker Chemical Corporation announced Mr. Robert E. Chappell not sitting for reelection this year 2020, at that time the size of the Board will be reduced by one member. Mr. Chappell reached the normal director retirement age of 72, as outlined in the Company's Corporate Governance Guidelines, in September 2017. The Board is seeking to realign its classes as required by such Articles so that the classes stay as nearly even as possible. Accordingly, Mr. Donald R. Caldwell, who is currently serving as a Class II director, has been nominated as a Class I director to fill the vacancy in Class I, along with the other incumbent Class I directors who are eligible for election, Messrs. Robert H. Rock and Ramaswami Seshasayee. If elected, Mr. Caldwell will serve as a Class I director going forward. If Mr. Caldwell is not elected to serve as a Class I director, he will continue to serve as a Class II director.
Quaker Chemical Corporation is a provider of industrial process fluids. It develops, produces, and markets a broad range of formulated chemical specialty products and offers chemical management services for various heavy industrial and manufacturing applications. The Company operates through three segments: Americas; Europe, Middle East, and Africa (EMEA); Asia/Pacific. The Companyâs product lines include metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids and surface treatment chemicals. The Companyâs other principal facilities in its Americasâ segment are located in Santa Fe Springs, California; Carrollton, Georgia; Aurora, Illinois; Zion, Illinois; Detroit, Michigan; Madison Heights, Michigan; Batavia, New York, and other.