Eastman appoints new CEO, Mark Costa

KINGSPORT, US: Eastman Chemical Company has appointed Executive Vice President Mark J Costa as President effective immediately and Chief Executive Officer effective 1 January 2014. The Board also appointed Costa as a Director, effective immediately, to serve until the Annual Meeting of Stockholders in 2014. James P Rogers, will continue to serve as Chairman and CEO until 1 January 2014, and then will serve as Executive Chairman of the Board. These actions are the result of the Board’s normal succession planning process.

“Being CEO of Eastman has been a great honour and truly one of the most rewarding experiences of my life. I am proud of what the entire Eastman team has accomplished over the past several years, and I have complete confidence that the company is well positioned to continue delivering consistent, superior value to our stockholders,” said Rogers.

“I am pleased to pass the reins to Mark and our talented team of executives. Mark is a proven leader who has been instrumental in developing and executing Eastman’s strategic plans for growth. I look forward to my continued service as Executive Chairman and to working with Mark to ensure a seamless transition,” added Rogers.

© WOC News