Huntsman’s advanced materials business had been combined with Huntsman’s Textile Effects business in one division, Materials & Effects, with Paul Hulme serving as president. The two businesses will now be recognized as separate divisions. Hulme will continue to serve as president of the Textile Effects division.
Huntsman’s president and chief executive officer Peter R. Huntsman stated: “Under Paul Hulme’s leadership, these divisions have grown to become market leaders in their respective industries. As we anticipated, these divisions are now of the size and scope where they each need the full time attention of a division president to continue expanding and creating value. Huntsman is currently investing significant resources to complete the transformation of our Textile Effects division, and Paul’s ability and strengths will assure success as we build a global leader in textile chemicals and dyes.”
Huntsman continued: “Andre has a strong relationship with Advanced Materials and its markets and customers. I have great confidence in him to lead this division to the next level.”
