Compounder and distributor PolyOne Corp. has announced two changes in the executive suite.
The Avon Lake-based company said Robert Patterson has been promoted to executive vice president and chief operating officer. In addition, Richard Diemer has joined PolyOne as senior vice president and chief financial officer, succeeding Patterson as CFO.
Patterson, 39, will develop and execute PolyOne's annual operating and strategic plans. He will be responsible for the company's four business segments. Patterson previously served as executive vice president and CFO at PolyOne, after joining the company in 2008.
Prior to PolyOne, he served in executive roles at aluminum producer Novelis, first as controller and chief accounting officer, then as treasurer.
Patterson “has the business acumen and leadership qualities that will make him successful in this new position,” Stephen Newlin, PolyOne chairman, president and CEO, said in a news release. “I look forward to leading this company with Bob, as we continue our transformational strategy to accelerate profitable growth at PolyOne.”
Diemer, 53, joins PolyOne with more than 30 years of experience in global finance. He has held CFO roles at both public and privately held global specialty businesses including Styron LLC and Albemarle Corp., as well as for Honeywell Specialty Chemicals.