Stepan Company announced that F. Quinn Stepan, Jr. will retire as Chief Executive Officer of the Company on April 25, 2022. Mr. Stepan will continue to serve as non-executive Chairman of the Board assuring an effective transition. Scott Behrens, currently President and Chief Operating Officer, will succeed him as President and CEO.

The Company expects that Mr. Behrens will be nominated for election to the Board of Directors at the 2022 Annual Meeting. Mr. Behrens, who was named President and Chief Operating Officer in 2021, brings global industry and leadership experience. Scott has been a member of the Company's Operating Committee since 2014, when he was appointed VP and General Manager – Surfactants.