Stepan Announces Appointment of New Vice President and Chief Financial Officer

NORTHBROOK, Ill., July 14, 2025 — Stepan Company (NYSE: SCL) announced today the appointment of Ruben Velasquez as Vice President and Chief Financial Officer, effective July 15, 2025. Mr. Velasquez will succeed Samuel Hinrichsen, who will continue as Vice President of Finance.

Mr. Velasquez previously served as Vice President Global Finance Transformation at 3M Company and held several senior finance roles there, including Vice President Global Finance and CFO Manufacturing & Supply Chain Operations. He also served as the Finance Director and Country CFO at 3M Russia and 3M Colombia. His finance career began at Ecopetrol in Colombia, where he held senior finance roles.

“Ruben brings over two decades of global finance leadership experience,” said Luis E. Rojo, President and CEO of Stepan. “We are excited to add Ruben’s expertise to the Stepan team and thank Sam for his contributions as Interim CFO.”

Corporate Profile

Stepan Company is a major manufacturer of specialty and intermediate chemicals used in various industries. It is a leading producer of surfactants and a supplier of polyurethane polyols used in insulation and CASE industries. Headquartered in Northbrook, Illinois, Stepan operates production facilities in North and South America, Europe, and Asia.

The Company’s stock is traded on the NYSE under the symbol SCL. For more information, visit www.stepan.com.