Business News

PolyOne Board Elects Richard A. Lorraine and William H. Powell as Directors

Thursday 02. October 2008 - PolyOne Corporation (NYSE: POL), a premier global provider of specialized polymer materials, services and solutions, today announced that its Board of Directors has elected Richard A. Lorraine and William H. Powell as directors of the Company, expanding the board to 11 members.

Lorraine, 62, has more than 13 years of experience in the specialty chemicals industry. He joined Eastman Chemical Company in 2003 and retired as its senior vice president and chief financial officer on September 1, 2008. Prior to joining Eastman Chemical, he was the executive vice president and chief financial officer of Occidental Chemical Company.

Powell, 62, has more than 32 years of experience in the specialty chemicals industry. He joined National Starch and Chemical Company in 1976 and served as its chairman and chief executive officer from 1999 until his retirement in 2006.

“We are pleased to welcome both Rich and Bill to our board as independent directors,” said Stephen D. Newlin, PolyOne chairman, president and chief executive officer. “Both bring outstanding qualifications, industry experience and expertise that will be extremely valuable as we pursue our strategy to deliver profitable growth for our shareholders.”

Lorraine serves on the board of Carus Corporation. He received a Bachelor of Science degree in accounting from New York University. He also has the distinguished honor of receiving the prestigious Senior Financial Officer (SFO) award issued by Chemical Week in 2007.

Powell serves on the boards of Arch Chemicals, Inc. and Granite Construction. He also served on the board of ICI Plc from 2000 until 2006. He received a Bachelor of Science degree in chemistry and a Master of Science degree in chemical engineering from Case Western Reserve University, and a Master of Business Administration from the University of North Dakota.