Rentech Announces Retirement of Chairman and Appointment of Successor

Rentech, Inc. RTK announced today that Dennis L. Yakobson retired from the position of non-executive Chairman of the Board of Directors on June 28, 2011 after nearly 30 years of service as Chairman. Mr. Yakobson will remain a director of Rentech and serve as Chairman Emeritus. Halbert S. Washburn, a director at Rentech for over 5 years, has been appointed non-executive Chairman of the Company's Board of Directors effective June 28, 2011. “We are very grateful to Dennis for his many contributions to Rentech during the past several decades as Chairman and we are pleased that he will continue to serve as a member of our Board,” said D. Hunt Ramsbottom, President and CEO of Rentech. “As a founder and Chairman of Rentech, Dennis was instrumental in developing Rentech's technologies and shaping the Company's vision as a global provider of clean energy solutions. The transition of his role on the Board comes at a time when Rentech is focusing on the execution of commercial energy projects and related financing transactions.” Commenting on Mr. Washburn's appointment as Chairman, Mr. Ramsbottom said, “We are pleased to welcome Hal to the role of Chairman of the Board. Hal has been a director of Rentech since 2005 and has 25 years of experience in the energy industry. Hal's experience managing public energy companies will greatly benefit Rentech. The Board and I look forward to working closely with Hal as Rentech focuses its strategy on profitable growth opportunities in the energy space.”
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsManagementEnergyOil & Gas Refining & Marketing
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!