Home / Knowledge / News / Textiles / OMNOVA Solutions names Paul DeSantis as CFO
OMNOVA Solutions names Paul DeSantis as CFO
08
May '14
OMNOVA Solutions announced that Senior Vice President and Chief Financial Officer Michael E. Hicks has decided to retire on July 1, 2014 after 36 years of service to the Company.  Paul F. DeSantis has been named to succeed Mr. Hicks as Senior VP and CFO.
 
"Mike has been an important financial leader at our Company, helping us navigate through many transitions, directing strategies that have steadily strengthened OMNOVA's balance sheet, and serving as a trusted liaison with investors.  I want to personally thank Mike for his more than three decades of dedicated service, and wish him the best in his well-deserved retirement," said Kevin McMullen, OMNOVA Solutions' Chairman and Chief Executive Officer. 
 
"We are excited to have a leader of Paul DeSantis' caliber joining OMNOVA Solutions," said McMullen.  "His broad-based background in finance and strategy – including time as CFO of a major chemical manufacturer – will make him a valuable addition to our team as we move aggressively to profitably grow our Company on a global basis.  We are planning for an orderly transition, with Paul joining us in early June to provide ample opportunity to spend time with Mike before his departure," added McMullen.  
 
Michael Hicks began his career with the Company in 1978 and held various positions in the corporate systems, customer financial services and treasury departments.  In 1994, he was appointed Treasurer of GenCorp and was elected Senior Vice President and Chief Financial Officer of GenCorp on March 31, 1999. He assumed the same role at OMNOVA Solutions when GenCorp completed its spin-off of OMNOVA October 1, 1999.  
 
Paul DeSantis, 49, joins OMNOVA from Bob Evans Farms, Inc., a $1.4 billion full-service restaurant owner/operator and leading producer and distributor of a variety of frozen food items.  He has served as Chief Financial Officer, Treasurer and Assistant Corporate Secretary since March 2011.  
 
Prior to Bob Evans, Mr. DeSantis was Chief Financial Officer and Treasurer of A. Schulman, Inc., a leading international supplier of custom compounds, masterbatches and resins supplied into a variety of markets and applications, from 2006 until 2011.  Previously, he held senior financial positions at The Scotts-Miracle-Gro Company, The Kellogg Company and General Motors Acceptance Corporation (GMAC).  He has deep global experience, including his role as CFO of Scotts' international division in Lyon, France.  
 
Mr. DeSantis is a graduate of Georgetown University and earned his MBA from the University of Michigan.
 
The OMNOVA Board of Directors is expected to elect Mr. DeSantis to the position of Chief Financial Officer when they meet in June, with such election to become effective immediately upon Mr. Hicks' retirement.
 

OMNOVA Solutions


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search