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Omnova Solutions SVP and CFO Michael Hicks to retire

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Staff writer | Fairlawn, Oh., USA | May 8, 2014
Omnova SolutionsMay 8, 2014, Fairlawn, Oh., USA - Omnova Solutions, a technology-based company, announced that SVP and CFO Michael E. Hicks has decided to retire on July 1, 2014 after 36 years of service to the company.
Mr. Hicks began his career with the Company in 1978 and held various positions in the corporate systems, customer financial services and treasury departments.

In 1994, he was appointed Treasurer of GenCorp and was elected Senior Vice President and Chief Financial Officer of GenCorp on March 31, 1999. He assumed the same role at OMNOVA Solutions when GenCorp completed its spin-off of OMNOVA October 1, 1999.

Paul F. DeSantis has been named to succeed Mr. Hicks as Senior VP and CFO.

Mr. DeSantis joins OMNOVA from Bob Evans Farms, Inc., a full-service restaurant owner/operator and leading producer and distributor of a variety of frozen food items. He has served as Chief Financial Officer, Treasurer and Assistant Corporate Secretary since March 2011.

Prior to Bob Evans, Mr. DeSantis was Chief Financial Officer and Treasurer of A. Schulman, Inc., an international supplier of custom compounds, masterbatches and resins supplied into a variety of markets and applications, from 2006 until 2011.

Previously, he held senior financial positions at The Scotts-Miracle-Gro Company, The Kellogg Company and General Motors Acceptance Corporation (GMAC). He has deep global experience, including his role as CFO of Scotts' international division in Lyon, France.

Mr. DeSantis is a graduate of Georgetown University and earned his MBA from the University of Michigan. The OMNOVA Board of Directors is expected to elect Mr. DeSantis to the position of Chief Financial Officer when they meet in June, with such election to become effective immediately upon Mr. Hicks' retirement.