PolyOne has named COO Robert Patterson as its next president and CEO, effective 15 May. Patterson succeeds Stephen Newlin, who will retire as president and CEO and remain executive chairman of PolyOne. Patterson, who currently serves as executive v.p. and COO, has also been nominated for election to PolyOne's board, the company says. Newlin has served as CEO of PolyOne for more than eight years.
“PolyOne's transformation has been an extraordinary and incredibly rewarding achievement — for our customers, employees and shareholders, as well as for me personally,” Newlin says. “Bob has been by my side during our transformation and is unquestionably the right leader to take PolyOne to even greater heights. As executive chairman, I will look forward to continuing to work closely with him for a seamless transition, as we continue our great progress toward our performance targets for 2015 and beyond,” Newlin says.
Patterson joined PolyOne in 2008 as senior v.p. and chief financial officer, where he was responsible for global treasury, planning, M&A, accounting, internal audit functions, and investor relations. He also directly oversaw PolyOne's growth initiatives in Asia. In 2012, he was promoted to his current position as executive v.p. and COO. Before joining PolyOne, Patterson served in leadership roles at Novelis (Atlanta, GA), and SPX Corp. (Charlotte, NC), after starting his career at Arthur Andersen (Chicago).