Eastman Chief Financial Officer Retires

December 11th, 2019 by Emmariah Holcomb

Eastman Chemical Company (Eastman) announced its executive vice president and chief financial officer, Curtis E. Espeland, will be succeeded on February 28, 2020 by the company’s current finance vice president, William T. McLain, Jr. The company also announced Espeland will continue to serve as the executive vice president to assist the executive team with finance organization transition, corporate strategy, and portfolio optimization until his retirement in mid-2020.

Curtis E. Espeland

Espeland joined Eastman in 1996 and has held multiple corporate and business finance positions with the company. He was appointed to chief financial officer in 2008 and has overseen the company’s financial and accounting, corporate strategy, corporate development and information technology organizations since then.

“On behalf of the Board of Directors and our executive team, I want to thank Curt for his significant contributions to Eastman for more than two decades,” said Eastman board chair and CEO Mark J. Costa. “Curt is a talented financial professional and has had an extraordinary career. I am personally very grateful for his pragmatic leadership and his vital role in the portfolio transformation that has been a foundational element of our strategy to become a leading specialty materials company.”

McLain joined Eastman in 2000 and brings domestic and international business experience as well as a strong background in finance and accounting, according to the company. During his tenure at Eastman, he has served in several high-level finance and accounting roles throughout the organization in the U.S., Asia, and Europe. Most recently, McLain has served as Vice President, Finance, working with business teams on strategic planning and portfolio optimization. McLain received a Master of Business Administration from the University of Chicago Booth School of Management and a Bachelor of Science in accounting from Appalachian State University.

“Willie has been a valued member of our finance team and has worked closely with Curt as part of our long-term succession planning process,” said Costa. “He is a proven and experienced leader with deep knowledge of Eastman’s financial organization, businesses, and capital markets, which will be integral as we continue the company’s transformation. I look forward to welcoming Willie to the executive team in February and I am confident Curt and Willie will work to ensure a smooth transition given their close working relationship over the years.”

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