Industry News

Rohm and Haas Declares Quarterly Dividend; Elects Michael G. Hamilton Vice President of Rohm and Haas Company

Published on 2006-02-08. Author : SpecialChem

PHILADELPHIA, PA -- Rohm and Haas Company's (NYSE:ROH) Board of Directors declared a regular quarterly dividend of $.29 per common share. This dividend will be payable on March 1, 2006 to shareholders of record at the close of business on February 17, 2006.

In other business, the Rohm and Haas Company Board of Directors elected Michael G. Hamilton as Vice President of Rohm and Haas Company, effective March 1, 2006. Hamilton was recently named Business Unit Director for the global Powder Coatings business.

Hamilton joined Rohm and Haas Canada in 1991 as an account manager for the Ion Exchange business, and then followed that with increasing responsibilities in Marketing and General Management responsibilities within the Coatings businesses based in Germany. In 2001, he relocated to London, and was named European General Manager of the Architectural and Functional Coatings business. In 2003, he returned to Philadelphia, as Director of Investor Relations, and in 2004 he assumed responsibility for the Performance Chemicals and Adhesives and Sealants businesses in APR, based in Singapore.

Hamilton and his family will relocate back to the Philadelphia area.

About Rohm and Haas Company

Rohm and Haas is a global leader in the creation and development of innovative technologies and solutions for the specialty materials industry. The company’s technologies are found in a wide range of markets including: Building and Construction, Electronics, Industrial Process, Packaging, Transportation, Household and Personal Care, Water, Food and Retail and Paper. Its technologies and solutions help to improve life everyday, around the world. Based in Philadelphia, Pa, the company generated annual sales of approximately $8 billion in 2005.

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This release includes forward-looking statements. Actual results could vary materially, due to changes in current expectations. The forward-looking statements contained in this announcement concerning demand for products and services, sales and earnings growth, and actions that may be taken to improve financial performance, involve risks and uncertainties and are subject to change based on various factors, including global economic conditions, the cost of raw materials, freight, natural gas, and other energy sources, and the ability to achieve price increases to offset such cost increases, development of operational efficiencies, changes in foreign currencies, changes in interest rates, the continued timely development and acceptance of new products and services, the impact of competitive products and pricing, the impact of new accounting standards, assessments for asset impairments, and the impact of tax and other legislation and regulation in the jurisdictions in which the company operates. Further information about these risks can be found in the company's SEC 10-K filing of March 1, 2005.

Source: Rohm and Haas

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