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Albemarle Corporation
ALB today provided an update to the previously announced realignment
of its global business units resulting from its acquisition of Rockwood
Holdings, Inc. 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 1(st) , 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.
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