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Albemarle Updates Progress on Realignment of Global Business Units

Published on 2015-05-06. Author : SpecialChem

BATON ROUGE, La. -- Albemarle Corporation provided an update to the previously announced realignment of its global business units resulting from its acquisition of Rockwood Holdings in January. The company has announced its senior leadership team and business and functional leaders consistent with the realignment and will announce its first quarter operating results pursuant to the new structure.

"I am pleased that the work we have done to date has been sound and thoughtful," stated Luke Kissam, president and chief executive officer. "Effective April 1st, we are operating in our new structure which aligns Albemarle's businesses to be market focused and allows us to more effectively leverage our combined resources on innovation and growth. I look forward to finalizing the full organizational design as rapidly as possible."
As the company continues the organizational design process, it will work with the relevant works councils in the jurisdictions in which it operates. Albemarle has entered into a Communications Agreement with the German Works Councils that will govern this process in Germany and has commenced the negotiation process with a goal to announce the new structure as quickly as possible.

About Albemarle

Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a specialty chemicals company with one of the leading positions in attractive end markets around the world. With a broad customer reach and diverse end markets, Albemarle develops, manufactures and markets technologically advanced and high value added products, including lithium and lithium compounds, bromine and bromine derivatives, catalysts and surface treatment chemistries used in a wide range of applications including consumer electronics, flame retardants, metal processing, plastics, contemporary and alternative transportation vehicles, refining, pharmaceuticals, agriculture, construction and custom chemistry services. Albemarle is focused on delivering differentiated, performance-based technologies that deliver innovative and sustainable solutions to its customers. The Company employs approximately 6,900 people and serves customers in approximately 100 countries.

Source: Albemarle Corporation

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