CHARLOTTE, N.C., Nov. 7, 2016 /PRNewswire/ -- The board of
directors of Albemarle Corporation (NYSE: ALB), a leader in the
global specialty chemicals industry, announced today its decision
to elect president and chief executive officer, Luke Kissam, as chairman, effective November 7, 2016. He assumes this title in
addition to his current responsibilities as president and chief
executive officer. Kissam succeeds Jim
Nokes, who will continue to serve on the board of directors
and will act as lead independent director.
"It has been my distinct honor to serve as chairman of the board
of directors, and I am confident in Luke's ability to lead this
board. In his new role as chairman, he will help ensure leadership
continuity as Albemarle grows.
Luke and the management team under his leadership deserve the
highest praise for their roles in transforming Albemarle through the acquisition, integration
and growth of the lithium business acquired from Rockwood Holdings
in early 2015," said Nokes.
Kissam began his role as chief executive officer of Albemarle in September
2011 and was elected to the board of directors in
November 2011.
About Albemarle
Albemarle Corporation (NYSE:
ALB), headquartered in Charlotte,
NC, is a global specialty chemicals company with leading
positions in lithium, bromine, refining catalysts and applied
surface treatments. We power the potential of companies in many of
the world's largest and most critical industries, from energy and
communications to aerospace and electronics. Working
side-by-side with our customers, we develop value-added, customized
solutions that make them more competitive. Our solutions combine
the finest technology and ingredients with the knowledge and
know-how of our highly experienced and talented team of operators,
scientists and engineers.
Discovering and implementing new and better performance-based
sustainable solutions is what motivates all of us. We think beyond
business-as-usual to drive innovations that create lasting value.
Albemarle employs approximately
6,900 people and serves customers in approximately 100 countries.
We regularly post information to www.albemarle.com, including
notification of events, news, financial performance, investor
presentations and webcasts, non-GAAP reconciliations, SEC filings
and other information regarding our company, its businesses and the
markets it serves.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding
Albemarle Corporation that 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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SOURCE Albemarle Corporation