Mr. Richard A. Lorraine is an Independent Director of PolyOne Corporationration, since October 2008. He is Retired Senior Vice President and Chief Financial Officer of Eastman Chemical Company, a specialty chemicals company. Mr. Lorraine served in this capacity from 2003 to 2008. Mr. Lorraine also served as Executive Vice President and Chief Financial Officer of Occidental Chemical Company, a chemical manufacturing company, from 1995 to 2003. Mr. Lorraine serves on the Board of Directors of Carus Corporationrationration.
Lorraine provides Board with the broad business perspective that he gained in leadership roles in varying industries. He is particularly equipped to advise Board and Audit Committee on financial issues affecting company due to his prior roles as chief financial officer. In addition, he has a international background and commercial experience.
Management Efficency
The company has Return on Asset of 4.62 % which means that on every $100 spent on asset it made $4.62 of profit. This is considered to be average in the sector. In the same way, it shows return on shareholders equity (ROE) of 9.07 % implying that it generated $9.07 on every 100 dollars invested.
The company has 1.06 B in debt with debt to equity (D/E) ratio of 1.21 which is OK given its current industry classification. PolyOne Corporation has Current Ratio of 1.9 which is typical for the industry and considered as normal.
PolyOne Corporationration offer specialized polymer materials, services, and solutions with operations in specialty polymer formulations, color and additive systems, polymer distribution, and specialty vinyl resins. PolyOne Corporation [POL] is traded on New York Stock Exchange in USA. It is located in Avon Lake, OH and employs 5,000 people. Filter other
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