Olin announced the new CEO and President as Kenneth Lane

Scott Sutton will step down from his roles as President, Chief Executive Officer, and Director

Olin Corporation (NYSE: OLN) has announced the appointment of Kenneth Lane as President, Chief Executive Officer, and Director, effective March 18, 2024. Scott Sutton will step down from his roles as President, Chief Executive Officer, and Director on the same day, collaborating with Mr. Lane to ensure a seamless transition of leadership responsibilities. Additionally, Mr. Sutton has relinquished his position as Executive Chairman of the Board of Directors, with William Weideman assuming the role of Chairman as of February 16, 2024. Mr. Lane brings a wealth of experience to Olin, having previously served as Executive Vice President of Global Olefins and Polyolefins at LyondellBasell, a NYSE-traded company renowned for its prominence in plastics, chemicals, and refining.

He also gained valuable experience at BP Chemicals and Amoco Chemical Corporation, with roles spanning operations, strategy, commercial, and technical functions in multiple countries, including the United States, Malaysia, the United Kingdom, China, and Belgium. Commenting on the appointment, William Weideman, Chairman of the Board of Directors, expressed confidence in Mr. Lane's leadership abilities and extensive track record in the chemicals industry. He emphasized the board's excitement to welcome Mr. Lane to the Olin team and highlighted their collective commitment to driving the company's strategic objectives while prioritizing disciplined capital allocation to create shareholder value.