Chemtura announces organisational changes

Middlebury, Connecticut -Chemtura Corp. has announced the following changes, effective immediately:

-- Performance chemicals will report directly to Robert Wood, chairman and chief executive officer. Myles Odaniell, former executive vice president of performance chemicals, is leaving the company to pursue other interests.

-- Robert Weiner, former executive vice president of supply chain operations, also is leaving the company to pursue other interests. A replacement will be named in the near future.

-- Chemtura's global research & development group, headed by John Lacadie, will report to Gregory McDaniel, who has been promoted to executive vice president, strategy, new business development and technology. McDaniel will also have responsibility for industrial water treatment on an interim basis.

-- Global customer care and logistics will report to Marcus Meadows-Smith, executive vice president, crop protection and consumer products.

-- Gary Yeaw has been promoted to executive vice president, human resources and communications, adding communications and environmental, health & safety to his previous human resources responsibilities.

-- Karen Osar, executive vice president and chief financial officer, will take direct responsibility for investor relations, which has been split out of the communications group.

"We've made a number of organisation changes to enable me to focus more directly on our performance chemicals businesses, to align our technology organisation with our strategy and new business opportunities, and to bring more customer-focused leadership to global customer care and logistics," said Wood. "We believe these changes will enable us to improve our performance and make greater strides in achieving our financial and process excellence goals.

"I want to thank Myles Odaniell and Bob Weiner for their significant contributions to the transformation of Chemtura and wish them great success in their future endeavors," said Wood.

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Press release from Chemtura

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