Summary
Ecolab Inc. (ECL) announced a change in its board of directors, with Stephen I. Chazen resigning from his position. This resignation is effective as of the company's Annual Meeting of Stockholders on May 2, 2019. Mr. Chazen's departure is in accordance with the company's corporate governance policy regarding director age limits, as he has reached the age of 72. Importantly, his resignation is not a result of any disagreements with the company or its management regarding operations, policies, or practices.
Key Highlights
- 1Stephen I. Chazen resigned from Ecolab's board of directors.
- 2The resignation will be effective on May 2, 2019, at the company's Annual Meeting of Stockholders.
- 3Mr. Chazen is stepping down due to reaching the age of 72, as per Ecolab's Corporate Governance Principles.
- 4His resignation is not related to any disagreements with the company or its management.
- 5Mr. Chazen also resigned from his positions on the company's audit and finance committees.
Frequently Asked Questions
Stephen I. Chazen is resigning because he has reached the age of 72, which is the mandatory retirement age for directors according to Ecolab's Corporate Governance Principles.
No, the filing explicitly states that Mr. Chazen's resignation is not due to any disagreement with the company or its management regarding its operations, policies, or practices.
Mr. Chazen's resignation will be effective as of Ecolab's Annual Meeting of Stockholders, which is scheduled for May 2, 2019.
Yes, in addition to his board membership, Mr. Chazen is also resigning from his roles on the company's audit and finance committees.