LSB Industries Inc. on Aug. 12 announced the retirement of Richard Roedel as Chairman of the Board of Directors due to personal health reasons, effective immediately. The Board has elected Mark Behrman, LSB’s President and CEO, to serve as Chairman of the Board. Lynn White, a member of LSB’s Board since 2015, has been appointed Lead Independent Director. LSB said Roedel will remain on the Board until a successor is identified to ensure an orderly transition.
“It has been an extremely gratifying experience to serve on a Board of this caliber,” Roedel said. “It has been an honor to work with a group of individuals with such a deep and diverse background in industry and finance. I am very proud of our achievements helping to bring LSB Industries to the point where it is now; a well-capitalized company with strong prospects for future growth.”
Behrman joined LSB in 2014 as Senior Vice President, Corporate Development, became Executive Vice President and CFO in 2015, and was appointed President and CEO in 2018. Behrman has served on the board of PHX Minerals Inc. since 2017 and has been its board Chairman since 2019. Prior to LSB he had a 30-year career in finance and investment banking.
“On behalf of the Board and the entire LSB team, I would like to thank Rich for his years of service to LSB,” Behrman said. “Over the past decade, his extensive experience and knowledge have been a valuable asset as we’ve transformed the company. We move forward well-positioned in our pursuit of growth and our vision of becoming a leader in the global energy transition thanks to Rich’s contributions. We wish him all the best in his retirement.”