A. Schulman Appoints Stacy Walter As Vice President, Internal Audit; Names Timothy McDannold Treasurer And Director Of Risk Management
AKRON, Ohio, April 5, 2013 /PRNewswire/ -- A. Schulman, Inc. (Nasdaq-GS: SHLM) announced today that Stacy R. Walter has been promoted to Vice President of Internal Audit and Timothy J. McDannold has been named Treasurer and Director of Risk Management. Both appointments are effective immediately.
Walter joined A. Schulman as Sarbanes-Oxley Audit Manager in June 2005 and has been Director of Internal Audit for the Company since June 2006. Prior to joining A. Schulman, she was a consultant for Resources Global Professionals, held various audit and financial analyst positions at Continental General Tire, and was Internal Auditor for May Department Stores. She received a bachelor's degree in business administration from Kent State University and is a Certified Public Accountant.
McDannold will take over the Treasurer responsibilities from current Vice President and Chief Financial Officer Joseph J. Levanduski, with the goal to strategically focus on the global treasury function within the organization. Levanduski has served as both CFO and Treasurer since joining A. Schulman in June 2011.
McDannold comes to A. Schulman after spending nearly 24 years at Diebold, Incorporated, where he served in various global management roles of increasing responsibility, including Vice President and Treasurer, Global Business Services. During his tenure at Diebold, he helped define the company's global business services strategy and establish an enterprise risk management program. McDannold spent three years at Ernst & Young as an Auditor prior to joining Diebold. He received a bachelor's degree in business administration and accounting from Kent State University. He is a Certified Public Accountant and a member of AICPA, the Ohio Society of CPAs, and the Association for Financial Professionals, among others.
"Stacy has shown outstanding leadership and commitment to internal control best practices in her role as Director of Internal Audit and has been a valuable member of our team during a period of significant regulatory change as well as strategic growth for our Company," said Joseph M. Gingo, Chairman, President and Chief Executive Officer. "Tim brings broad experience in treasury, finance, and risk management to A. Schulman, along with a commitment to cost savings and process improvement. In addition, his background in developing a culture of accountability will help make him an excellent addition to our team."
About A. Schulman, Inc.
A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds and resins headquartered in Akron, Ohio. Since 1928, the Company has been providing innovative solutions to meet its customers' demanding requirements. The Company's customers span a wide range of markets such as packaging, mobility, building & construction, electronics & electrical, agriculture, personal care & hygiene, sports, leisure & home, custom services and others. The Company employs approximately 3,300 people and has 34 manufacturing facilities globally. A. Schulman reported net sales of $2.1 billion for the fiscal year ended August 31, 2012. Additional information about A. Schulman can be found at www.aschulman.com.
SOURCE A. Schulman, Inc.