Rentech Appoints Paul Summers as Chief Financial Officer

WASHINGTON--(BUSINESS WIRE)--

Rentech, Inc. RTK today announced that Paul Summers has been appointed as chief financial officer of Rentech effective November 11, 2016. Mr. Summers will be responsible for overseeing the finance, treasury and accounting functions of the company. Mr. Summers will replace Jeffrey Spain, who is leaving the company in order to accept a new position effective November 11, 2016.

Keith Forman, president and chief executive officer of Rentech, stated, "We are pleased to announce Paul's promotion to chief financial officer. Paul's deep understanding of Rentech along with his strong financial background makes him ideally suited to lead Rentech's finance and accounting organization."

"I would like to thank Jeff for his many valuable contributions to Rentech over the last several years and wish him continued success," added Mr. Forman.

Mr. Summers served as Rentech's vice president and treasurer immediately prior to his appointment as chief financial officer. Mr. Summers has held various finance related roles at Rentech since 2006. Mr. Summers has been involved with numerous public and private financings while at Rentech and was instrumental in the initial public offering and merger of Rentech Nitrogen Partners, L.P., a publicly traded subsidiary of Rentech that was divested earlier this year. Prior to joining Rentech, Mr. Summers worked in investment banking and held principal investment roles with various financial institutions. His past employers include the investment banking divisions of Salomon Smith Barney and Citigroup, Inc. as well as Allied Capital Corporation, where he was responsible for principal debt and equity investments. Mr. Summers graduated summa cum laude from the University of Southern California with a bachelor of science degree in business administration.

About Rentech, Inc.

Rentech, Inc. RTK owns and operates wood fibre processing and wood pellet production businesses. Rentech offers a full range of integrated wood fibre services for commercial and industrial customers around the world, including wood chipping services, operations, marketing, trading and vessel loading, through its subsidiary, Fulghum Fibres. The Company's New England Wood Pellet subsidiary is a leading producer of bagged wood pellets for the U.S. heating market. Rentech's industrial wood pellet facilities supply wood pellets used as fuel for power generation in Canada and the United Kingdom. Please visit www.rentechinc.com for more information.

Safe Harbor Statement

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and actual results may differ materially as a result of various risks and uncertainties. Other factors that could cause actual results to differ from those reflected in the forward-looking statements are set forth in the Company's prior press releases and periodic public filings with the Securities and Exchange Commission, which are available via Rentech's website at www.rentechinc.com. The forward-looking statements in this press release are made as of the date of this press release and Rentech does not undertake to revise or update these forward-looking statements, except to the extent that it is required to do so under applicable law.

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