Schulman CEO to Retire, Company Considers Sale

Schulman says that Terry L. Haines, its chairman, president, and CEO, will retire from the company by March 1, 2008. Schulman has also agreed to form a board committee to decide the company’s future, including “without limitation, a strategic acquisition, merger, or sale of the company.” Schulman says it has “identified a highly qualified candidate” to replace Haines as CEO, and negotiations are underway. Haines was appointed president and CEO of Schulman in 1991, and became chairman in 2006. “I am confident that the candidate...

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