Events Calendar
In This Section
Most Read Stories
Blogs:
Akron Law Café:
Voter fraud! Ohio U. student votes twice in primary
The Heldenfiles:
Road Trip
Balanced Ledger:
… more baseball
Patrick McManamon:
LeBron talks about the Olympics
Browns Bulletin:
Camp etiquette
Cleveland Browns:
Browns training camp schedule
Cleveland Indians:
Cliff Lee overcomes his own demons this All Star start.
Akron Aeros:
LaPorta’s true character revealed in collision at plate
Akron Zips:
Procter gambles with Zips
Varsity Letters:
Jennings picks Ashland
Kent State Sports:
Tyree Evans and Basketball tid bits
Ohio Politics:
Politico Reports On Schuring's Tax Liens
All Da King's Men:
We Have Always Been At War With Eastasia
Blog of Mass Destruction:
Surge This
HRLite House:
Recruiting Volunteers
Akrocentric:
Charles Taormina discusses "Acceptance of Individual Authors," self-publishing resources
Akron Gamer:
Getting Funky
BokBluster:
Al Gore Has a Feeeever
Ohio Travels with Betty:
Is there a public boat ride at Salt Fork Lake?
Olympic Dreams - Running:
Back to Phase One
Sound Check:
Pretenders album release set for Sept. 23
Tia's Trends:
A little Northside will do ya Good!
Company under pressure to improve results in North America; new CEO to take over duties
By Jack Kaskey
Bloomberg News
Published on Thursday, Apr 10, 2008
A. Schulman Inc., the plastics maker considering selling itself, said North American Chief Operating Officer Barry A. Rhodes will resign as the region continues to lose money.
New Chief Executive Joseph M. Gingo will assume Rhodes' duties, Schulman said Wednesday in a filing with the U.S. Securities and Exchange Commission.
Rhodes will receive $968,375 in lieu of salary and bonus when his resignation takes effect on April 11, the Fairlawn company said.
Schulman is under pressure from investors, including hedge fund Ramius Capital Group, to improve results in North America, where years of operating losses extended into the six months ended Feb. 29.
The company in March hired UBS Investment Bank to review strategies, including a potential acquisition or a sale of the company.
Schulman fell 39 cents, or 1.9 percent, to $20.55 in Wednesday trading. The shares have dropped 4.6 percent this year.
A. Schulman Inc., the plastics maker considering selling itself, said North American Chief Operating Officer Barry A. Rhodes will resign as the region continues to lose money.
Get the full article here.
