Matrix Services Chairman Joins LSB Industries Board to Drive Energy Transition Growth

Strategic Board Appointment to Fuel LSB Industries' Growth in Energy Transition

LSB Industries, Inc. announces a significant addition to its Board of Directors with the appointment of John Chandler, effective November 7, 2024. Chandler, who currently serves as the Chairman of Matrix Services Company, brings a wealth of experience and a robust financial background to LSB. With over 30 years in the energy sector, his previous roles as Chief Financial Officer (CFO) at The Williams Companies and Magellan Midstream Partners position him as an influential figure in guiding LSB's strategic direction. His expertise in financial leadership and business development is expected to enhance LSB's focus on producing low and no carbon products essential for various markets, including agriculture, industry, and mining.

Chandler's extensive experience in the energy sector and his financial acumen will be pivotal as LSB Industries seeks to lead the transition toward more sustainable energy solutions. As the company ramps up its production capabilities at facilities in Alabama, Arkansas, and Oklahoma, Chandler's insights will likely prove invaluable. His previous involvement with multiple boards, including those of Williams Partners and USA Compression Partners, equips him with a diverse perspective on industry challenges and opportunities. LSB's Chairman and CEO, Mark Behrman, expresses confidence in Chandler's ability to contribute to the company’s long-term strategies, particularly as it aims to position itself as a frontrunner in the energy transition.

The strategic appointment comes at a crucial time for LSB Industries as it ramps up efforts to address climate change through innovative product offerings. The company's commitment to producing ammonia and related products reflects its dedication to supporting transitioning industries while also ensuring environmental sustainability. As LSB prepares for the future, Chandler's addition to the board symbolizes a proactive approach to meeting the growing demand for cleaner energy solutions and underscores the importance of financial and operational leadership in navigating this critical industry shift.

In addition to his role at LSB, Chandler continues to oversee corporate governance and strategic initiatives at Matrix Services Company, where his leadership has already made a noteworthy impact. This dual role allows him to leverage best practices and insights from both organizations, creating synergistic opportunities that may enhance LSB's operational efficiency and market responsiveness.

As LSB Industries positions itself for growth in the evolving energy landscape, the company’s focus on sustainability and innovation remains paramount. With Chandler's appointment, LSB is well-poised to harness his expertise to drive its mission forward, ultimately benefiting stakeholders and contributing positively to the broader energy transition.