BRUNSWICK, GA, Nov. 7, 2011 /CNW/ - Pinova Holdings, Inc. ("Pinova
Holdings"), a global leader in manufacturing natural and renewable
specialty chemicals, announced today that it has named Theodore (Ted)
H. Butz as President and Chief Executive Officer (CEO). Mr. Butz will
also be joining the Pinova Holdings Board of Directors.
Mr. Butz brings over 20 years of experience in building specialty
chemicals businesses. Prior to joining Pinova Holdings, he was Group
President for the Specialty Chemicals business at FMC Corporation
(NYSE: FMC). During his tenure at FMC, Mr. Butz held a variety of
leadership positions in markets serving food ingredients,
pharmaceuticals, personal care, biomaterials, energy storage, and
polymer customers. He also had responsibility for FMC's corporate
strategy, corporate development and health and safety activities.
Earlier in his career with FMC, Mr. Butz served as General Manager of
the BioPolymer and Food Ingredients Divisions as well as Managing
Director for FMC's Asian operations based in Hong Kong. Prior to
joining FMC, he held multiple leadership positions at American National
Can, Staley Continental, Dole Foods and the Clorox Company.
"We are thrilled to have someone of Ted's caliber to lead and grow
Pinova Holdings," said David Bookbinder, Chairman of Pinova
Holdings. "Ted's extensive experience leading global specialty
chemicals businesses made him the ideal choice for CEO. He has a proven
track record of growing companies, developing and executing long-term
strategy, and seizing new opportunities to create value through organic
growth and acquisitions."
"I am very excited to be joining the Pinova Holdings team," said Mr.
Butz. "Pinova Holdings' operating companies, Pinova and Renessenz,
have a long history of providing their global customers with unique and
innovative natural specialty products. I am delighted to be joining a
company that has a tremendous track record, an impressive leadership
team, dedicated employees, unique capabilities and chemistries, and a
strong global customer base of industry leaders. My goal is to build
on a century-long history of innovation, quality and customer service
and continue to grow our business globally."
Mr. Butz holds an M.B.A. from the University of San Francisco and a B.S.
in Finance from Arizona State University.
About Pinova Holdings, Inc.
Pinova Holdings, Inc. is a global leader in specialty chemicals
manufactured from natural and renewable feedstocks. Through its two
operating companies, Pinova, Inc. and Renessenz LLC, Pinova Holdings
provides proven, high-quality products to market leading customers
around the world. Headquartered in Brunswick, GA, Pinova Holdings
operates three manufacturing facilities located in the southeastern
Pinova Holdings is a rare example of a fully-proven, commercialized
green chemistry business. Sustainability is the cornerstone of the
business. Both Pinova and Renessenz use locally abundant, natural,
renewable feedstocks, including by-products of the forestry, pulp and
paper and agricultural processes, and convert them into high value
products, making the most of nature's resources. For more information,
SOURCE Pinova Holdings, Inc.
For further information:
Pinova Holdings, Inc. Media Contact