Stepan Co. (SCL) Announces Retirement of Edward J. Wehmer from Board

Stepan Company (NYSE: SCL) today announced that Edward J. Wehmer has informed the Board of Directors of his decision to retire from the Board as of the date of the Company's next annual meeting of stockholders, which is scheduled for April 29, 2025. Mr. Wehmer will continue to serve on the Company's Board until that date.

Mr. Wehmer joined the Company's Board in 2003. He has served as Lead Independent Director since 2016 and served as Chair of the Audit Committee from 2007 to 2023.

"Ed has brought his considerable expertise and talents to the Board, including his financial acumen, exceptional leadership and insightful approach to complex issues. On behalf of the Board, I would like to express our gratitude to Ed for his 22 years of service to Stepan Company," said F. Quinn Stepan, Jr., Chairman of the Company's Board. "Throughout his time on the Board, Ed has been strongly committed to and supportive of our Company's growth and strategic direction, with a strong focus on delivering value to our shareholders. We are sincerely grateful for his leadership and guidance as the Company has grown during his tenure."

Upon Mr. Wehmer's retirement, the size of the Company's Board will be reduced from eight to seven directors and Randall S. Dearth will succeed Mr. Wehmer as Lead Independent Director.

Corporate Profile

Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries. Stepan is a leading merchant producer of surfactants, which are the key ingredients in consumer and industrial cleaning and disinfection products and in agricultural and oilfield solutions. The Company is also a leading supplier of polyurethane polyols used in the expanding thermal insulation market, and CASE (Coatings, Adhesives, Sealants, and Elastomers) industries.

Headquartered in Northbrook, Illinois, Stepan utilizes a network of modern production facilities located in North and South America, Europe and Asia.

The Company's common stock is traded on the New York Stock Exchange (NYSE) under the symbol SCL. For more information about Stepan Company please visit the Company online at www.stepan.com.

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