NEW YORK ( TheStreet) -- Former GOP presidential hopeful Jon Huntsman, Jr. Monday joined Huntsman Corp.'s ( HUN - Get Report) board of directors.

Huntsman, Jr. officially returned to the Salt Lake City, Utah-based company on Feb. 1, and his term will expire at the company's 2013 annual shareholder meeting.

Jon Huntsman

Huntsman's father, Jon Huntsman, Sr., founded the chemicals manufacturer in 1970 and has led the company with sons James Huntsman and Peter Huntsman, who is now the chief executive.

"Jon is regarded with dignity and respect throughout the world. His international and diplomatic experience is well known and admired," Huntsman, Sr. said in a statement. "He has previously served as Vice Chairman of our Huntsman businesses and thus will contribute enormously as a member of our Board of Directors."

Huntsman, Jr. ran unsuccessfully for the 2012 Republican nomination and dropped out of the race shortly after a worse-than-expected third-place finish in the New Hampshire primary.

Huntsman, Jr. is the former governor of Utah and also served as U.S. ambassador to China under President Barack Obama.

Shares of Huntsman were trading lower Monday at $13.73 a share, down 12 cents, or 0.9%. The stock is down 36.2% since hitting a 52-week high of $21.52 on May 2.

-- Written by Joe Deaux in New York.

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