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SOURCE OM Group, Inc.
CLEVELAND, June 11, 2014 /PRNewswire/ -- OM Group, Inc. (NYSE: OMG) today announced that its Board of Directors has appointed John A. McFarland as a Director of the Company, effective July 1, 2014. Mr. McFarland, who will serve with the class of directors that stand for re-election in 2017, replaces William J. Reidy, who retired as planned after the Company's Annual Meeting on May 13, 2014 after 12 years of service on the Board. As of July 1, the Board of Directors will be comprised of eight directors including seven who are independent.
"We are delighted to have John join our Board," said Joe Scaminace, Chairman and Chief Executive Officer of OM Group. "He brings a wealth of relevant business experience, from growing international operations to executing value-creating acquisitions, as well as the insights that come from being the leader of a successful global company in a competitive business environment. John is a great addition to our Board."
Mr. McFarland is the retired Chairman, Chief Executive Officer and President of Baldor Electric Company, a $2 billion electrical equipment manufacturer that was acquired by ABB Ltd. in 2011. Mr. McFarland enjoyed more than 40 successful years with Baldor, helping to grow the business from a $20 million, private business to a multi-billion, global leader in industrial electric motors.
About OM Group
OM Group is a technology-driven diversified industrial company serving attractive global markets, including automotive systems, electronic devices, aerospace, industrial and renewable energy. Its business platforms use innovation and technology to address customers' complex applications and demanding requirements. For more information, visit the Company's website at www.omgi.com.
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