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 terminals.
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 www.innospecinc.com.
CONTACT: Brian Watt Innospec Inc. +44-151-356-6241 Brian.Watt@innospecinc.com Robert D. Ferris RF|Binder Partners +1-212-994-7505 Robert.Ferris@RFBinder.com Dan Scorpio RF|Binder Partners +1-212-994-7609 Dan.firstname.lastname@example.orgSource:Innospec Inc.