CLEVELAND—PolyOne Corporation names Michael A. Garratt as interim president of specialty engineered materials (SEM). Garratt replaces current division president Craig M. Nikrant who the company says is “pursuing an opportunity outside of PolyOne.”
Garratt comes to the role with more than 20 years of experience in the industry. His career with PolyOne dates back to 2013 when he joined the organization as president of performance products and solutions, eventually transitioning to the chief commercial officer in 2016. PolyOne credits Garratt with overseeing a sizeable expansion of commercial resources at the company of more than 20 percent.
"Michael has a proven track record of leading global teams and delivering specialty innovation and growth," says Robert M. Patterson, CEO of PolyOne Corporation. "I am confident he can accelerate the plans and strategic investments we have in place for SEM until a full-time successor is named."
Patterson also acknowledges Nikrant on his achievements at the corporation. “(Nikrant) was a catalyst for needed change during the early years of our specialty transformation, and we wish him all the best in the future," he adds.
The announcement comes as the company continues a busy year of top-level changes and major acquisitions. In 2017, PolyOne Corporation made multiple acquisitions across the market including the June 2017 acquisition of Rutland Holding Company.
For more information, visit http://www.polyone.com.