Albemarle gives update global business units realignment

Albemarle gives update on global business units realignment

6:48 AM, 28th April 2015
Albemarle gives update on global business units realignment
Luke Kissam, president and chief executive officer, Albemarle.

BATON ROUGE, US: Chemical company Albemarle Corporation provided an update for realigning its global business units, resulting from Rockwood Holdings Inc acquisition in January. The company 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.

“Effective 1 April, 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,” said Luke Kissam, president and chief executive officer, Albemarle.

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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