OMNOVA Solutions Inc. recently announced its intention to establish a new reporting structure with two reporting segments: one focused on OMNOVA’s specialty businesses and one on the company’s more mature businesses. The businesses included in the current Performance Chemicals and Engineered Surfaces reporting segments will be folded into the new segments. The company reportedly expects to finalize and begin reporting under the new structure in its fiscal 2017 second quarter. 

“These new segments reflect our strategy to proactively drive profitable growth and continue on our path to a premier, global, innovative, specialty solutions provider,” said Anne Noonan, president and CEO. Noonan was appointed president and CEO on December 1, 2016, which is the beginning of the 2017 fiscal year.