Houston, Tx., USA - September 29, 2009, Houston, Tx., USA - Texas Petrochemicals Inc. announced that the board of directors has expanded to ten members and has appointed three new directors: Michael E. Ducey, who will also serve as chairman of the board, Richard B. Marchese and Jeffrey M. Nodland.
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Mr. Ducey has held a series of key senior executive and director positions during an almost forty year career in the industry. He was President and Chief Executive Officer and a director of Compass Minerals International, Inc., a producer of salt and specialty fertilizers, from 2002 to 2006, where he led the company to a successful initial public offering in December 2003. He previously worked for Borden Chemical, Inc., a diversified chemical company, from 1972 to 2002. He is currently an Operating Partner with Apollo Management and a director of Verso Paper Corp., and he was formerly a director of UAP Holding Corp., the parent of United Agri Products, Inc. Mr. Ducey has a B.A. from Otterbein College and an M.B.A. from the University of Dayton.
Mr. Marchese joins the Board with forty-one years of accounting and financial experience, much of it in the chemicals industry. He served for fourteen years as the Vice President Finance, Chief Financial Officer and Treasurer of Georgia Gulf Corporation, retiring at the end of 2003. Prior to 1989, Mr. Marchese served as the Controller of Georgia Gulf Corporation, the Controller of the Resins Division of Georgia Pacific Corporation and Treasurer and Controller of XCEL Corporation. Mr. Marchese is a member of the board of directors of Blue Linx Holdings, Inc. and Nalco Holding Company and is a member of the board of directors of Quality Distribution, Inc., where he serves on the Executive Committee. Mr. Marchese holds a B.S. in Accounting from Fairleigh Dickinson University. ■
A trailing cold front in connection with a low pressure system currently moving east across the Great Lakes toward New England will bring a chance of rain into the eastern U.S. on this first day of November following an exceptionally dry October for this part of the country.