MOSCOW (MRC) -- PolyOne Corporation, a leading global provider of specialized polymer materials, services and solutions, has announced that its Board of Directors has elected William R. Jellison as an independent director effective immediately, as per the company's press release.
He will serve on the Audit Committee, and his election expands the number of PolyOne directors to 11.
Mr. Jellison, 57, is vice president and chief financial officer of Stryker Corporation (NYSE: SYK), one of the world's leading medical technology companies, where he is responsible for all areas of international finance, including accounting, planning and analysis, SEC reporting, acquisition valuations, internal audit, tax and treasury. His prior experience includes 15 years at Dentsply, and among his leadership positions over that time were CFO and senior vice president with business unit accountability for operations in the United States, Europe and Asia. Mr. Jellison also spent 18 years with Donnelly Corporation where he held multiple financial management and executive positions, including vice president of finance, treasurer and corporate controller.
"We are extremely pleased that Bill has joined PolyOne as a director," said Stephen D. Newlin, executive chairman, PolyOne Board of Directors. "His diverse background and experience augment the skill sets of our already strong Board."
As MRC wrote before, the Board of Directors of PolyOne Corporation has declared a quarterly cash dividend of twelve cents (USD0.12) per share on the common stock outstanding, representing a 20% increase to the quarterly cash dividend and the fifth consecutive year of annual dividend growth.
We also remind that in early 2014, PolyOne Corporation announced the addition of new capabilities to its OnColor HC Plus portfolio. These expanded offerings add medical-grade LDPE, nylon, PEBA, PS and PVC to the globally available palette of specialty healthcare colorants, and are pre-certified to meet or exceed biocompatibility requirements for ISO 10993 and/or USP Class VI protocols.
PolyOne Corporation, with 2014 revenues of USD3.8 billion, is a premier provider of specialized polymer materials, services and solutions with operations in specialty polymer formulations, color and additive systems, polymer distribution and specialty vinyl resins.
MRC