PolyOne's young CFO honored
Crain's Cleveland Business named its "Forty under 40" list of up-and-coming young professionals today, and one executive has ties to plastics. Robert Patterson has been chief financial officer at PolyOne Corp. in Avon Lake, Ohio, since May 2008. The story notes that his job at the publicly traded resin compounder and distributor "seems more than a little safe. At PolyOne, he's led the company's efforts into Six Sigma cost-cutting initiatives and improved its balance sheet and financial position at a crucial time." At age 36, the story notes that Patterson is "fairly young to be a CFO anywhere, let alone at a major public company." But PolyOne Chairman and CEO Stephen Newlin said looking at just Patterson's age is misleading. "His experience, wisdom, professional maturity and leadership skills are vastly greater than his chronological age," Newlin said. "He's tackled substantial challenges -- reducing our working capital, improving our liquidity, and eliminating waste, while also strengthening our financial team." Congratulations to Patterson and all of this year's "Forty under 40."
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