'It's been an honor to serve as Tenneco's Board chair for the last 13 years,' said Sherrill. 'I'm confident in our future and in Dennis' leadership as we continue our commitment to the best governance practices by refreshing our Board leadership positions with highly qualified individuals. Dennis has been a member of the Board since 2007 and for many of those years has served as the chair of our audit committee. That experience, along with his appointment earlier this year as Lead Independent Director, marks a natural progression for Dennis to serve as fully independent Board Chairman. We are confident that he will help ensure that our actions and decisions remain focused on the best interests of shareholders in his new role.'
In addition, the company announced today that
Audit Committee:
Compensation Committee:
Nominating and Governance Committee:
'For the last 13 years, Tenneco has been and will continue to be very fortunate to have Gregg's steady hand and strong voice in the Board room,' said
About Tenneco
Headquartered in
Forward-Looking Statements
This release contains forward-looking statements. These forward-looking statements include, among others, statements relating to our execution of objectives and plans to separate into two independent companies. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to materially differ from those described in the forward-looking statements, including the course of the COVID-19 pandemic and its impact on general economic, business and market conditions, our ability (or inability) to execute on our plans to respond to the COVID-19 pandemic and our previously announced Accelerate plan and to realize the anticipated benefits of these actions, our financial flexibility in addressing the impact of the COVID-19 pandemic, our ability to maintain compliance with the agreements governing our indebtedness and otherwise have sufficient liquidity through the COVID-19 pandemic, the possibility that Tenneco may not complete the separation of the Aftermarket & Ride Performance business from the Powertrain Technology business (or achieve some or all of the anticipated benefits of such a separation); the possibility that the separation may have an adverse impact on existing arrangements with Tenneco, including those related to transition, manufacturing and supply services and tax matters; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the risk that the benefits of the separation may not be fully realized or may take longer to realize than expected; the risk that the separation may not advance Tenneco's business strategy; the potential diversion of Tenneco management's attention resulting from the separation; as well as the risk factors and cautionary statements included in Tenneco's periodic and current reports (Forms 10-K, 10-Q and 8-K) filed from time to time with the
Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Unless otherwise indicated, the forward-looking statements in this release are made as of the date of this communication, and, except as required by law, Tenneco does not undertake any obligation, and disclaims any obligation, to publicly disclose revisions or updates to any forward-looking statements. Additional information regarding these risk factors and uncertainties is detailed from time to time in the company's
Media inquiries:
847-482-5807
bdawson@tenneco.com
Investor inquiries:
847-482-5162
lgolla@tenneco.com
Rich Kwas
248-849-1340
rich.kwas@tenneco.com
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