Market Overview

Orion Engineered Carbons Announces Executive Transition


Jack Clem to Join Board of Directors

Board of Directors Appoints Corning Painter as Chief Executive

Orion Engineered Carbons S.A. (NYSE:OEC), a worldwide supplier of
specialty and high-performance Carbon Black, today announced that Jack
L. Clem, 65, who has served as CEO since 2011, will retire from his
role. He will be nominated to join the Board of Directors and during a
transition period will act as an advisor to the company. Corning F.
Painter, 55, a longtime senior executive formerly at Air Products and
Chemicals, Inc., was named Chief Executive Officer. He will also be
nominated to join the Board of Directors.

"It has been my sincere pleasure to work with Jack Clem over the last
several years," said Dan F. Smith, Chairman of Orion's Board of
Directors. "Under Jack's leadership, Orion has firmly strengthened its
position as a world leader in Carbon Black, establishing a standard for
excellence and delivering industry-leading performance. On behalf of
Orion's Board of Directors and all of its employees, I want to thank
Jack for his immeasurable contributions and look forward to a
continuing, mutually fruitful relationship as we welcome him to the
Board of Orion.

"At the same time, we are delighted to welcome Corning Painter to the
Orion family. He brings decades of international experience managing
financial and operational performance, delivering shareholder value, and
inspiring teams," continued Mr. Smith. Painter, a seasoned senior
executive, previously ran Air Products' $8 billion industrial gas
business, the principle business of the publicly-traded Fortune 250
industrial gas company. He was identified during a broad executive
search process and stood out because of his track record in the
international chemical industry.

"It is with complete confidence that I transition the role of chief
executive to Corning Painter," said Clem. "With his deep technical
experience in the chemical industry and his outstanding functional
competence in global businesses, OEC will be well-positioned to continue
its growth as we further penetrate emerging markets and build on the
success of our technical and specialty capabilities."

Painter began his career at Air Products in 1984 as part of the
company's career development program. He rose through the ranks,
progressing through a variety of commercial and operations positions in
the U.S. and overseas, and was rapidly promoted several times over the
last several years, holding leadership positions in operations, supply
chain, corporate strategy and technology. He held the position of
Executive Vice President, Industrial Gases until he left the company at
the end of June, 2018.

"I am excited to join the Orion team," said Painter. "Orion has
consistently delivered financially, and successfully advanced their
strategy of focusing on more differentiated carbon blacks. I look
forward to building upon this momentum and the strategy that the Orion
team has put in place to deliver results for our shareholders and

Painter holds a bachelor's degree in chemical engineering from Carnegie
Mellon University. A certified professional engineer in Pennsylvania,
until recently he was a member of the Board of Directors and Treasurer
for the International Oxygen Manufacturers Association, and he serves as
Board Chairman for Valley Youth House, a nonprofit organization that
provides access to shelter, counseling and life skills for more than
30,000 vulnerable and homeless young people at more than 250 sites in

The appointment of Messrs. Clem and Painter to the Board of Directors is
subject to approval by shareholders in an extraordinary general meeting
to be convened for this purpose on October 16, 2018.

Orion is a worldwide supplier of Carbon Black. We produce a broad range
of Carbon Blacks that include high-performance Specialty Gas Blacks,
Furnace Blacks, Lamp Blacks, Thermal Blacks and other Carbon Blacks that
tint, colorize and enhance the performance of polymers, plastics, paints
and coatings, inks and toners, textile fibers, adhesives and sealants,
tires, and mechanical rubber goods such as automotive belts and hoses.
Orion runs 13 global production sites and four Applied Technology
Centers. The group has approximately 1,426 employees worldwide. For more
information, please visit our website

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