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Posted 02 November, 2023

OLIN Corp appointed new CEO

CEO Change detected for ticker NYSE:OLN in a 8-K filed on 02 November, 2023.


  In connection with the previously announced departure of Mr. Scott Sutton, President, Chief Executive Officer and Chairman of the Board of Olin Corporation (the "Company"), which is expected to occur in the first half of 2024, on October 30, 2023, the Company and Mr. Sutton entered into a transition agreement (the "Transition Agreement").  

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Overview of OLIN Corp
Basic Materials/Resources • Chemicals
Olin Corp. engages in the manufacturing of chemicals products. It operates through the following segments: Chlor Alkali Products and Vinyls, Epoxy, and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. The Epoxy segment produces and sells epoxy materials, which include allyl chloride, epichlorohydrin, liquid epoxy resins and downstream products such as converted epoxy resins and additives. The Winchester segment creates and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges. The company was founded by Franklin W. Olin in 1892 and is headquartered in Clayton, MO.
Market Cap
$6.83B
View Company Details
OLIN Corp by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


In connection with the previously announced departure of Mr. Scott Sutton, President, Chief Executive Officer and Chairman of the Board of Olin Corporation (the "Company"), which is expected to occur in the first half of 2024, on October 30, 2023, the Company and Mr. Sutton entered into a transition agreement (the "Transition Agreement"). Pursuant to the Transition Agreement, Mr. Sutton will remain an employee of the Company through June 30, 2024 (the "End Date"), unless his employment is terminated by either party before that date. On the date Mr. Sutton's successor as President and Chief Executive Officer commences employment (which is not expected to be prior to January 31, 2024), Mr. Sutton will transition to the role of special advisor and serve in that capacity through the End Date (the "Special Advisor Period") and advise on matters relating to the transition and provide other transition-related services. 


During the Special Advisor Period, Mr. Sutton's base salary will remain unchanged, and he will be eligible to receive a consulting bonus equal to his 2023 target annual cash bonus under the Company's Short-Term Incentive Plan, payable in accordance with the terms and conditions of the Transition Agreement. Mr. Sutton will also remain eligible to receive his full bonus for 2023 under the Company's Short-Term Incentive Plan. Although Mr. Sutton will not be eligible to receive any additional grants of equity, certain of his earlier equity awards, options and performance shares will vest in accordance with their terms and the terms of the Transition Agreement. In consideration for the various payments and benefits under the Transition Agreement, Mr. Sutton will provide a general release of claims and waivers, and be subject to confidentiality, non-competition, non-solicitation, and non-disparagement obligations. 


The foregoing description of the Transition Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the agreement, which is attached to this Current Report on Form 8-K as Exhibit 10.1 and incorporated by reference herein.