Dr. Rick Michelman, currently chief technology officer and executive vice president Americas and printing and packaging, will become president and CEO.
He has been with the company for more than 25 years, acquiring broad operation and market knowledge by serving in many organizational roles, including product development, technology management, business development, regional leadership, and business segment leadership.
Andrew Michelman, the company’s chief business development officer and EVP, Asia and fibers and composites, will assume additional leadership responsibility for Michelman’s Americas region and coatings business segment. In his expanded role, Andrew Michelman will oversee the commercial operations in Asia and the Americas and manage the strategic directions and operations of the fibers and composites and coatings business segments. He joined Michelman in 2015 after accumulating over 20 years of global M&A experience. In addition, he has worked in investment banking with Citigroup in New York and London and as a strategy and corporate development consultant with European-based manufacturer Valliant Group.
Paul Griffith, Michelman’s chief marketing officer and EVP, EMEA and agriculture, will add leadership of its printing and packaging business segment to his responsibilities. Griffith will maintain his leadership over organization-wide marketing, the EMEA region, and the agriculture business segment. He came to Michelman in 2016 with almost 30 years experience in the chemical industry, where he held senior and executive leadership positions at The Dow Chemical Company, ExxonMobil, and Jindal Films, including assignments in Europe, Asia, and the United States.
Jason Wise, appointed chief financial officer in 2019, will assume the role of chief financial and risk officer responsible for the direction and operations of Michelman’s finance, accounting, legal, regulatory, and environmental health and safety functions. Before joining Michelman in 2012, Wise held senior-level managerial and auditing positions at global, mid-to-large-sized market companies, including Baker Concrete Construction, Sun Chemical, Deloitte, and Arthur Anderson.
Steve Shifman, the company’s outgoing president and CEO, explained: ‘These executive appointments provide leadership continuity and support the momentum we have for delivering on our purpose of innovating a sustainable future. We have deployed exceptional talent to ensure that we continue to be more vital and impactful than ever before, as there is increased demand for our sustainable solutions in the coatings, printing and packaging, and fibers and composites markets.’
Shifman will transition to executive chair in 2022 after leading the company for nearly twenty years. During his tenure, Michelman has expanded its global footprint and significantly grown in size and profitability. As a result, more than 50 percent of its business is currently being generated outside of the United States.
Shifman concluded: ‘It’s an exciting time at Michelman. Our foundation is strong, and we are committed to building the business for generations to come.’