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Houghton International Names Chief Executive Officer



Mike Shannon

Marcello Boldrini

Houghton International Inc. has appointed Mike Shannon as Chief Executive Officer. Shannon, who served as Houghton's Chief Operating Officer, succeeded the company's previous CEO, Paul DeVivo, who has retired.

"Mike has a long and proven track record of leading global industrial chemicals businesses," said Sanjay Hinduja, Chairman of the Board of Houghton. "At Houghton, he has realigned the organization to better serve industry segments, led operations in the emerging Asia Pacific markets to achieve record performance and directed the optimization of global manufacturing, information technology and environmental, health and safety (EHS) processes. This leadership will enable Mike to successfully lead the organization into a new era of growth and innovation."

Shannon joined Houghton as Vice President of Global Operations, Supply Chain, IT and EHS in 2009. Prior to joining Houghton, he spent 24 years in various roles at Ashland Inc., including Senior Vice President of the company's Global Performance Materials Division and President of Global Supply Chain as well as being appointed as an officer of Ashland. His experience also includes leadership roles in various functions at Ashland Specialty Chemicals, including manufacturing, business development, purchasing, M&A and strategic planning.

Shannon earned a bachelor's degree in chemical engineering from the University of Pennsylvania and an MBA from Temple University. In addition, he has completed the General Manager Program at Harvard University, Executive Marketing Program at Northwestern's Kellogg School of Business and the Executive Development Program at Indiana University's Kelly School of Business.

As Shannon assumes the position of chief executive, Marcello Boldrini will become President, Asia Pacific in addition to his current roles as SVP, Houghton International and President, Global Mining and Metals. Boldrini joined Houghton in August, 2015, bringing decades of experience and leadership in the global specialty chemicals industry and specifically in the Asia Pacific region.

For more information contact:

Houghton International, Inc.

Madison & Van Buren Aves.

P.O. Box 930

Valley Forge, PA 19482-0930

800-666-4684 / 610-666-4000

www.houghtonintl.com

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