Anne P. Noonan
President and Chief Executive Officer at SSUM
Since September 1, 2020
Age
60 years
Education
Holds a Bachelor of Science in Chemistry and a Master of Science in Organometallic Chemistry from University College Dublin, Ireland.
Tenure
Has served as President and Chief Executive Officer at SUM since September 1, 2020.
Also at SUM
BDF
Brian D. Frantz
Senior Vice President, Chief Accounting Officer, and Treasurer
CD
Charles DePriest
Executive Vice President, East Segment Construction Materials
CBG
Chris B. Gaskill
Executive Vice President, Chief Legal Officer, and Secretary
About
Anne P. Noonan is a seasoned executive born in 1964, whose extensive career in the chemical and construction materials industries spans over three decades.
Graduating with both a BS in Chemistry and an MS in Organometallic Chemistry from University College Dublin, Ireland, she built a strong foundation in science and innovation that propelled her into leadership roles at global companies such as Chemtura Corporation and OMNOVA Solutions Inc..
Since joining SUM on September 1, 2020, as President and Chief Executive Officer, she has directed the company's strategic initiatives, operational excellence, and sustainability efforts, leveraging her deep expertise in corporate governance, mergers & acquisitions, and risk management.
$SUM Performance Under Anne P. Noonan
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| OMNOVA Solutions Inc. | President and Chief Executive Officer | November 2016 – April 2020 | Acquired by Synthomer plc |
| OMNOVA Solutions Inc. | President, Performance Chemicals | 2014 – November 2016 | Global provider of emulsion polymers, specialty chemicals, and decorative and functional surfaces |
| Chemtura Corporation | Various roles | 27-year tenure, dates not specified | Global manufacturer of specialty chemicals |
External Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| CF Industries Holdings, Inc. | Chairperson of the Corporate Governance and Nominating Committee | N/A | Active role outside of SUM |
Fixed Compensation
Data from FY 2023
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,040,000 | Annual | Base salary for 2023. |
| All Other Compensation | $47,628 | Annual | Includes life insurance payments $21,680 and executive health program payments $6,454. Other elements (HSA, parking, entertainment) not specified. |
Performance Compensation
Data from FY 2023
Annual Cash Incentive
| Metric | Weight | Threshold | Target | Maximum | Actual Achieved |
|---|---|---|---|---|---|
| Adjusted EBITDA | 60% | N/A | N/A | N/A | N/A |
| EBITDA Margin | 10% | N/A | N/A | N/A | N/A |
| Recordable Incident Rate | 10% | N/A | N/A | N/A | N/A |
| Safety Risk Assessment | 10% | N/A | N/A | N/A | N/A |
| Bedrock Milestones | 10% | N/A | N/A | N/A | N/A |
| Bonus Payment (Dollar Amount) | N/A | $70,200 | $1,404,000 | $2,808,000 | $2,421,079 (174% of target; 100% individual performance modifier) |
Performance Units (Long-Term Incentive Component)
| Metric | Value/Condition | Details |
|---|---|---|
| Performance Metrics | Relative TSR and ROIC | TSR measured against a peer group; ROIC calculated over a three-year period |
| Threshold Units | 27,182 units | 50% vesting condition |
| Target Units | 54,364 units | 100% vesting condition |
| Maximum Units | 108,728 units | 200% vesting condition |
| Vesting Period | 3 years | January 1, 2023 to December 31, 2025 |
Restricted Stock Units (RSUs) - Long-Term Incentive Component
| Metric | Value | Details |
|---|---|---|
| Grant Date | February 22, 2023 | - |
| Grant Date Fair Value | $1,625,484 | For 54,364 RSUs |
| Vesting Schedule | Time-vesting | Equal annual installments over 3 years |
Target Long-Term Incentive Summary
| Component | Fair Value | Details |
|---|---|---|
| Performance Units (50%) | $1,870,393 | Based on TSR and ROIC performance; three-year performance period |
| RSUs (50%) | $1,625,484 | Time-vesting; vesting ratably over 3 years |