NatureWorks Names Richard Altice New President and CEO

Altice joins company as it continues market-leading growth and
innovation.

MINNETONKA, Minn.–(BUSINESS WIRE)–NatureWorksÔÇÖ
board of directors named Richard Altice as the companyÔÇÖs new President
and Chief Executive Officer, replacing Marc Verbruggen, who led the
company from 2008 to his retirement in 2017.

Altice comes to NatureWorks from PolyOne Corporation where he was Senior
Vice President and President ÔÇô Designed Structures and Solutions. At
PolyOne, he had global responsibility for the sheet, roll stock, and
formed packaging business. Prior to PolyOne, Altice also served as Vice
President of HexionÔÇÖs global specialty epoxy business focused on
coatings and composites. Altice holds a Bachelor of Science degree in
Chemical Engineering from Missouri University of Science and Technology.

ÔÇ£We are pleased to welcome Rich as NatureWorksÔÇÖ CEO. Rich is an
exemplary leader. He brings broad experience and demonstrated success in
international business, strategic marketing, and building highly
effective teams to serve customers in the polymer and chemical
industry,ÔÇØ said Peter Hawthorne, Chairman of the Board. ÔÇ£We believe
RichÔÇÖs leadership will advance market development and the adoption of
NatureWorksÔÇÖ performance materials in new applications.ÔÇØ

ÔÇ£Through my prior work experience, I became familiar with NatureWorks
and thought very highly of the company and its products,ÔÇØ said Altice.
ÔÇ£I believe that the NatureWorks culture, the companyÔÇÖs leadership, and
the market interest in renewably sourced advanced polymers and chemicals
presents an exciting opportunity and time to be a part of the
NatureWorks journey. I feel fortunate to have been selected as the
companyÔÇÖs new president and CEO.ÔÇØ

NatureWorks was the first company to offer commercially available
low-carbon-footprint bioplastics derived from 100-percent annually
renewable resources. Recently, NatureWorks reached the milestone of two
billion pounds of IngeoÔäó
biopolymer sold globally via its comprehensive portfolio of 33 grades,
which are converted into thousands of consumer and industrial products.
In 2017, the company launched a performance chemicals business with the
new VercetÔäó
platform for adhesives and coatings. Along with its customers and supply
chain partners, NatureWorks continues to introduce new, innovative
Ingeo-based applications across a spectrum of industries, including
expanded offerings for 3D printing filaments, a first-of-its-kind liner
to increase the energy efficiency of refrigerators, and hydrophilic
nonwovens for absorbent hygiene products. With leading coffee companies,
NatureWorks is developing a new generation of high performance
compostable capsules for single-serve coffee makers.

These applications and more will be discussed at Innovation
Takes Root, the international forum on advanced biomaterials, this
September in San Diego, Calif. ÔÇ£IÔÇÖm looking forward to the conference
where I can meet with the many customers and innovation leaders that are
driving material change across this industry,ÔÇØ said Altice.

About NatureWorks
NatureWorks is an advanced materials
company offering a broad portfolio of renewably sourced polymers and
chemicals to the packaging, polymers, fibers, and chemicals markets.
With performance and economics that compete with oil-based plastics and
fibers, naturally advanced IngeoÔäó polymers are valued for their unique
functional properties and used in products from coffee capsules and
electronics to diapers and wipes. Creating performance through
chemistry, VercetÔäó lactide-based solutions help innovators realize
significant, measurable performance and cost advantages in products such
as CASE (coatings, adhesives, sealants, and elastomers), toners, and
surfactants. NatureWorks is jointly owned by ThailandÔÇÖs largest ASEAN
leading integrated petrochemical and refining company, PTT Global
Chemical, and Cargill, which provides food, agriculture, financial and
industrial products and services to the world. www.natureworksllc.com;
follow NatureWorks on Twitter @natureworks

Contacts

For NatureWorks LLC
Americas & Europe
Steve
Sterling, +1 952-935-0078
[email protected]
or
Asia
Pacific & Japan
Pauline Ning, +86-138 1650 1881
[email protected]