Platform Specialty Products Corporation Announces Changes to Leadership Structure
WEST PALM BEACH, Fla., March 16, 2017 (GLOBE NEWSWIRE) -- Platform Specialty Products Corporation (NYSE:PAH) ("Platform"), a global specialty chemicals company, announced today that John P. Connolly, currently Platform’s Vice President, Corporate Controller and Chief Accounting Officer, has been appointed as its Chief Financial Officer, effective immediately. Mr. Connolly’s appointment follows the resignation of Sanjiv Khattri as Chief Financial Officer, effective March 16, 2017. Mr. Connolly joined Platform in September 2016 as Controller and Chief Accounting Officer from Xylem Inc., a water technology company, where he established the corporate controllership and accounting functions following its spin-off from ITT Corporation.
Rakesh Sachdev, Platform's Chief Executive Officer, stated: “Sanjiv has been a valuable member of my team and has worked tirelessly since joining Platform to build our corporate function and integrate multiple organizations into one company. I wish Sanjiv much success as he pursues other opportunities.”
Mr. Sachdev continued: “John Connolly is a seasoned financial executive with a broad range of expertise and extensive experience in public company finance and accounting. Platform made great progress during 2016, and I am confident that John’s strong technical and operational capabilities will help us continue that momentum in 2017.”
Platform is a global, diversified producer of high-technology specialty chemicals and a provider of technical services. The business involves the formulation of a broad range of solutions-oriented specialty chemicals, which are sold into multiple industries, including automotive, agriculture, animal health, electronics, graphic arts, and offshore oil and gas production and drilling. More information on Platform is available at www.platformspecialtyproducts.com.
This press release contains forward-looking statements, including, but not limited to, statements regarding Platform’s future progress and financial results. These statements are based on management's estimates and assumptions with respect to future events and financial performance, and are believed to be reasonable, though are inherently difficult to predict. Actual results could differ materially from those projected as a result of certain factors. A discussion of factors that could cause results to vary is included in Platform's periodic and other reports filed with the Securities and Exchange Commission. Platform undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Investor Relations Contact: Carey Dorman Director – Corporate Development Platform Specialty Products Corporation 1-561-406-8465 Media Contact: Liz Cohen Weber Shandwick 1-212-445-8044
Released March 16, 2017