US: The board of directors of Stepan Company has unanimously appointed F Quinn Stepan, Jr, the company's president and CEO and a director, to succeed F Quinn Stepan as chairman. Stepan, Jr will assume the role upon his father’s retirement on 31 December 2016. Stepan, Sr has served as chairman since 1984, and previously served as CEO of the company from November 1984 to December 2005. The company also announced that Edward J Wehmer will serve as lead independent director, effective upon Stepan Sr's retirement.
