#United States #Northbrook #Corporate Governance #Stepan Company #Edward Wehmer

Edward J. Wehmer to Retire from Stepan Company

Edward J. Wehmer has decided to retire from the Board of Directors at Stepan Company, a leading manufacturer of specialty chemicals. His retirement will take effect after the company's annual stockholders' meeting scheduled for April 29, 2025. Mr. Wehmer has been an integral part of the Board since 2003, contributing significantly over the years, particularly as the Lead Independent Director since 2016 and as Chair of the Audit Committee from 2007 until 2023.

F. Quinn Stepan, Jr., Chairman of the Board, praised Mr. Wehmer for his considerable contributions, noting, "Ed has brought his extensive expertise and leadership to the Board, navigating complex issues with financial acumen and a commitment to our company's growth. We deeply appreciate his dedication and the valuable insights he has provided during his impressive twenty-two-year tenure at Stepan."

Mr. Wehmer's departure will result in the Board shrinking from eight to seven members. Following his retirement, Randall S. Dearth will take on the role of Lead Independent Director, ensuring the continuity of experienced leadership as the company moves forward.

About Stepan Company

Stepan Company specializes in the production of essential and intermediate chemicals that serve a wide array of industries. The firm is renowned for being a major producer of surfactants, which are crucial ingredients in various cleaning and disinfection products, as well as in agricultural solutions. Additionally, the company is recognized as a leading supplier of polyurethane polyols catering to the growing thermal insulation market.

The corporate headquarters are located in Northbrook, Illinois, with a sophisticated network of modern production facilities spread across North and South America, Europe, and Asia. Stepan's stock is publicly traded under the NYSE symbol SCL.

For further information on Stepan Company's initiatives and sustainability efforts, stakeholders are encouraged to visit their official website at www.stepan.com.

As Mr. Wehmer approaches his final months with the company, his insights and leadership will be missed, but the team at Stepan is poised to carry on with a strategy focused on growth and shareholder value, propelled by the foundations he helped establish.

His retirement highlights the importance of adequate succession planning within corporate governance, ensuring that leadership transitions do not disrupt ongoing operational strategies. As Stepan Company continues to develop its product offerings and expand its market presence, Mr. Wehmer's legacy of strong governance and commitment to company values presents a solid backbone for its future endeavors.

In conclusion, while the company prepares to welcome new leadership perspectives, the gratitude and respect towards Mr. Wehmer's vast contributions remain evident. With a clear focus on sustainability and innovation, Stepan Company aims to maintain its leading position in the specialty chemical industry.