BATON ROUGE, La., Dec. 20 /PRNewswire-FirstCall/ -- The board of directors of specialty chemical maker Albemarle Corporation has approved the following organizational changes involving members of the company's senior leadership team, effective January 1, 2007:
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John Nicols was named vice president-catalysts. Nicols previously served as vice president-fine chemicals. Nicols' business expertise and energy will provide a platform for him to profitably grow Albemarle's catalysts segment.
Ron Gardner was named vice president-fine chemicals. Gardner previously served as division vice president-performance chemicals. Albemarle will capitalize on Gardner's vision and experience in bromine and its derivatives to lead its fine chemicals segment.
Tony Parnell was named vice president-global sales, service and operations planning. Parnell previously served as vice president-Americas sales. Parnell's leadership in sales, strategic account management and customer service will now be dedicated to a global sales effort focused on executing strategic business plans and key negotiations.
"Each of these executives is a strong leader with the demonstrated ability to deliver exceptional results," said John M. Steitz, senior vice president- business operations. "Building on our success to date, these leaders will drive sustainable value in our businesses going forward."
Albemarle Corporation, headquartered in Richmond, Virginia, is a leading global developer, manufacturer and marketer of highly engineered specialty chemicals for consumer electronics; petroleum and petrochemical processing; transportation and industrial products; pharmaceuticals; agricultural products; and construction and packaging materials. The Company operates in three business segments-Polymer Additives, Catalysts and Fine Chemicals, and serves customers in approximately 100 countries. Learn more about Albemarle at http://www.albemarle.com/.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Albemarle Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K.
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