Ferro Appoints Two Members Board Directors | WorldOfChemicals

Ferro appoints two members to board of directors

8:19 AM, 25th October 2016
Ferro Appoints Two Members to Board of Directors
Peter Thomas, chairman, president and CEO of Ferro. (File Photo)

CLEVELAND, US: Ferro Corporation has appointed Andrew Ross (55) and Allen Spizzo (59) to the board of directors - both having extensive experience growing specialty chemical and materials businesses. With this addition, Ferro’s board consists of eight directors, effective 20 October.

Earlier, Ross was president, pigments and additives business of Rockwood Holdings Inc, a performance additives and titanium dioxide business with annual sales of $1.7 billion, which was sold to Huntsman Pigments in October 2014. Spizzo was vice president and chief financial officer from 2004 to 2008 of Hercules Incorporated, an S&P 500 specialty chemical company that was sold to Ashland Incorporated in November 2008.

The company also appointed new leaders for its corporate development and investor relations functions.

· Joseph Vitale, who was Ferro’s director, corporate development (2011 until August 2015), has rejoined the company as VP, corporate development. He succeeds Benjamin Schlater, who was named VP and CFO in September. Most recently, Vitale was VP, strategic planning & business development at Ranpak Corporation, a private equity-backed packaging company.

· Kevin Cornelius Grant has been appointed manager, investor relations. Grant joined Ferro’s corporate financial planning and analysis (FP&A) group in July 2015. He directed the FP&A group and also worked with corporate development on financial analysis of acquisitions. Grant replaces John Bingle, who for the past four years served in the dual roles of treasurer and director of investor relations. Bingle is continuing as Ferro’s treasurer.

“I am delighted to welcome Andrew Ross and Allen Spizzo to Ferro’s Board. Their deep industry knowledge and experience growing global companies will directly benefit Ferro as we execute on our growth strategy,” said Peter Thomas, chairman, president and CEO of Ferro.

“I’m also very happy to welcome Joe Vitale back to the company. His knowledge of our strategy and the company’s acquisition pipeline will help us maintain momentum with our M&A initiatives,” he added.

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