https://www.avient.com/sites/default/files/2020-07/holgerkronimus_0.pdf
Kronimus earned a bachelors’s degree in Business Administration and Computer Science
from University of Cologne in Cologne and a master’s degree in Global Management from
Europäische Wirtschaftsakademie in Berlin.
https://www.avient.com/sites/default/files/2024-10/Jamie Beggs - Bio 2024.pdf
Beggs began her career at PricewaterhouseCoopers after earning her Bachelor’s
and Master’s degrees in Accounting from the University of Texas at Austin.
She serves
as a member of the Board of Directors of International Paper (NYSE: IP) and holds a
CPA certificate from the state of Texas.
https://www.avient.com/sites/default/files/2024-12/2024 Avient Executive Bios_Amy Sanders.pdf
Sanders received her Juris Doctor with Honors from the University of Texas at Austin, where
she was inducted into the Order of the Coif.
She earned a Bachelor of Business Administration
with Honors in Finance, also from the University of Texas at Austin.
https://www.avient.com/sites/default/files/2024-12/2024 Avient Executive Bios_Walter Ripplepdf.pdf
Ripple holds a Bachelor of Science in Chemistry from Texas A&M University and an
executive MBA from the University of Michigan’s Ross School of Business.
https://www.avient.com/sites/default/files/2024-12/2024 Avient Executive Bios_George Inglis.pdf
Inglis has served in Finance leadership roles since joining the company in 2011 from
Ernst & Young.
Inglis holds a Bachelor’s in Accounting and Finance from Ohio University and is a
Certified Public Accountant.
https://www.avient.com/sites/default/files/2025-04/WalterRipple_bio.pdf
Ripple holds a Bachelor of Science in Chemistry from Texas A&M University and an
executive MBA from the University of Michigan’s Ross School of Business.
https://www.avient.com/sites/default/files/2024-12/2024 Avient Executive Bios_Avery Johnson.pdf
Johnson earned his Bachelor of Arts in Political Science from the University of Notre Dame
in Notre Dame, Indiana, and his Juris Doctor from the University of Michigan Law School in
Ann Arbor, Michigan.
https://www.avient.com/sites/default/files/2020-11/controller-grip-case-study.pdf
The material is also complicated to
process, which can increase costs further.
https://www.avient.com/sites/default/files/resources/Investor%2520Day%2520-%2520May%25202012%2520-%2520Operational%2520Excellence.pdf
Kedrowski
Page 38
Operational Excellence
• Operational Excellence is a never-ending quest
for improvement in response to the voice of our
customers and shareholders
• It is all about strengthening our capabilities to
deliver value flawlessly to our customers deliver value flawlessly to our customers
• It challenges us to enhance our
productivity, profitability, and efficiency
in all phases of our business, from
safety to quality to waste elimination
to environmental stewardship
Page 39
Lean Six Sigma Initiative
• In 2009, Lean Six Sigma was launched to
improve execution skills across all
businesses, functions, and global regions
• A company-wide diagnostic was
conducted, resulting in identification of six conducted, resulting in identification of six
strategic improvement platforms
• Financial targets were estimated,
resources identified and trained
results delivered
,
Page 40
PolyOne OSHA Recordable Incidence Rate
4
5
6
5.1
Safety Performance
*Rubber And Plastics Manufacturing Industry (2010 Bureau of Labor Statistics).
0
1
2
3
2005 2006 2007 2008 2009 2010 2011 Industry
Average
1.4 1.3 1.1 1.1 0.85 0.65
0.57
Page 41
• Exemplary on-time delivery
• Best-in-class working capital
% of sales
81%
87% 88%
95%
93%
92%
94%
2005 2006 2007 2008 2009 2010 2011
On-Time Delivery*
Lean Six Sigma Delivering Results
• Approximately $200M in
cash driven by working
capital improvements
16.2%
14.4%
18.9%
11.7%
9.6% 9.6%
2006 2007 2008 2009 2010 2011
WC % of Sales
2005 2006 2007 2008 2009 2010 2011
*As measured to customer request date
Page 42
40.0%
Percent of Associates
Trained in LSS
World’s Best Start-up
Program in 2009*
World’s Best Business Process
Excellence Program in 2012*
Award-Winning Lean Six Sigma Program
*Both awards received from International Quality and Productivity Center
16.5%
40.0%
2009 2011
Page 43
• Globally leverage strategic supplier
management best practices
• Implement world class demand
management processes
Critical Imperatives
• Improve operational reliability and efficiencies
• Optimize global freight management
Drive 50 – 100 basis points of gross margin expansion per year
Page 44
Page 45
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