Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that J. Kent Masters has been elected Chairman, President and Chief Executive Officer (CEO), effective immediately.
As previously announced,
As part of the transition, current board member
"Kent's significant global business experience with specialty chemical and engineering companies, as well as his strong leadership skills, intellect, and character make him ideally suited to execute Albemarle's strategy and deliver long-term benefits for our customers, employees, and stakeholders," said O'Brien.
"Over the past five years, Kent and I have worked together closely on the development and implementation of Albemarle's strategy. He has a strong knowledge of our industry and business and is absolutely committed to our core values – care, curiosity, courage, collaboration, humility, integrity and transparency," added Kissam.
"It is a privilege and an honor to be named Chairman, President and CEO of Albemarle," Masters said. "I look forward to continuing to work with the board of directors and the entire Albemarle team to position the company for long-term success."
Masters joined the Albemarle board of directors in 2015 and was named Lead Independent Director in 2018. Masters was a non-employee director of
O'Brien joined the Albemarle board of directors in 2012, and he serves as Chair of the
About Albemarle
Discovering and implementing new and better performance-based sustainable solutions is what motivates all of us. We think beyond business-as-usual to drive innovations that create lasting value. Albemarle employs approximately 5,400 people and serves customers in approximately 100 countries. We regularly post information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations,
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Media Contact: Hailey Quinn, (980) 299-5640, [email protected]; Investor Relations Contact: Meredith Bandy, (980) 999-5168, [email protected]