Huntsman (HUN) Expands Roles of 3 Directors

Huntsman Corporation (NYSE: HUN) today announced that its board of directors has expanded the roles of three directors to reflect a structure designed to enhance the board's strategic oversight of preparations for the Company's upcoming trials against Apollo Management, its affiliates and lenders while also providing efficient and effective leadership for the Company's business strategy during the current economic climate.

Jon Huntsman has been appointed to the newly created position of Executive Chairman, and board member Wayne Reaud has been appointed Chairman of the board's Litigation Committee. This newly formed committee will be comprised of Mr. Huntsman, Mr. Reaud and the President and CEO of Huntsman Corporation, Peter Huntsman, and will focus on the litigation pending against Apollo and its partners Leon Black and Joshua Harris, and against Hexion, Credit Suisse and Deutsche Bank. Mr. Lichtenberger will become Vice Chairman and Lead Director, and will provide leadership for other matters addressed by the board.

Huntsman Corporation, through its subsidiaries, engages in the manufacture and marketing of differentiated chemical and inorganic chemical products.