Innospec Appoints Lawrence Padfield as Non-Executive Director
LITTLETON, Colo., Dec. 5, 2012 (GLOBE NEWSWIRE) -- Innospec Inc. (Nasdaq:IOSP)
has today announced that it has appointed Lawrence Padfield as Non-Executive
Director. Mr. Padfield took up his position with effect from Dec 1, 2012.
Mr. Padfield has almost 30 years of oil and gas experience, originally with
Shell in pipelines and terminals, and more recently as Vice President of US
Development Group LLC, a privately-held terminal development company,
specializing in building, owning and operating large scale rail-oriented
M. C. "Bud" Blackmore, Innospec Chairman, said, "We are delighted to secure
Larry's services, and I am pleased to welcome him to the Board. I and my
fellow Board members very much look forward to working with him."
Patrick Williams, President and CEO, said, "This is an excellent appointment,
and Larry's experience in oil, gas and logistics will be of tremendous benefit
to our businesses."
About Innospec Inc.
Innospec Inc. is an international specialty chemicals company with
approximately 850 employees in 20 countries. Innospec manufactures and
supplies a wide range of specialty chemicals to markets in the Americas,
Europe, the Middle East, Africa and Asia-Pacific. Innospec's Fuel Specialties
business specializes in manufacturing and supplying the fuel additives that
help improve fuel efficiency, boost engine performance and reduce harmful
emissions. Innospec's Performance Chemicals business provides effective
technology-based solutions for our customers' processes or products focused in
the Personal Care; Household, Industrial & Institutional; and Fragrance
Ingredients markets. Innospec's Octane Additives business is the world's only
producer of tetra ethyl lead.
This press release contains certain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. All
statements other than statements of historical facts included or incorporated
herein may constitute forward-looking statements. Such forward-looking
statements include statements (covered by words like "expects," "anticipates,"
"may," "believes" or similar words or expressions), for example, which relate
to operating performance, events or developments that we expect or anticipate
will or may occur in the future (including, without limitation, any of the
Company's guidance in respect of sales, gross margins, pension liabilities and
charges, net income, growth potential and other measures of financial
performance). Although forward-looking statements are believed by management
to be reasonable when made, they are subject to certain risks, uncertainties
and assumptions, and our actual performance or results may differ materially
from these forward-looking statements. Additional information regarding
risks, uncertainties and assumptions relating to the Company and affecting our
business operations and prospects are described in the Company's Annual Report
on Form 10-K for the year ended December 31, 2011, and other reports filed
with the U.S. Securities and Exchange Commission. You are urged to review our
discussion of risks and uncertainties that could cause actual results to
differ from forward-looking statements under the heading "Risk Factors." The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.
For more information about Innospec, please visit our website at
CONTACT: Brian Watt
Robert D. Ferris
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