PHILADELPHIA, Oct. 20, 2014 (GLOBE NEWSWIRE) -- Chemtura Corporation (NYSE:CHMT) (EuroNext:CHMT) ("Chemtura" or the "Company") today announced that effective immediately, Simon D. Medley will assume leadership of Chemtura's Great Lakes Solutions business in addition to his current role as head of the Company's Industrial Performance Products (IPP) segment.
"Focus on value creation and the markets are hallmarks of Simon's disciplined leadership of IPP's Petroleum Additives and Urethanes businesses," said Craig A. Rogerson, Chemtura's Chairman, President and Chief Executive Officer. "We believe this rigorous approach will enable Great Lakes Solutions to fully meet its commitments to all stakeholders. In addition, Simon understands the sense of urgency required relative to the Great Lakes Solutions situation and can make the required impact in the short term."
In his expanded role, Medley has been promoted to Executive Vice President, Industrial Performance Products and Great Lakes Solutions.
Great Lakes Solutions, a leading manufacturer of bromine and bromine-based products, is one of two business components of Chemtura's Industrial Engineered Products (IEP) segment. The other IEP business, Organometallics, will continue reporting to Alan M. Swiech, Executive Vice President, Support Services.
Chemtura Corporation, with 2013 sales of $2.2 billion,1 is a global manufacturer and marketer of specialty and agro chemicals. Additional information concerning Chemtura is available at www.chemtura.com.
1 2013 net sales of $2.2 billion reflects discontinued operations treatment for the completed sales of the Antioxidants and Consumer Products businesses.