Celanese Corporation Names John J. Gallagher III Chief Financial Officer.DALLAS -- Celanese Corporation (NYSE NYSE See: New York Stock Exchange :CE) today announced that it has named John J. Gallagher III, 41, executive vice president and chief financial officer effective immediately. He replaces Corliss (Corky cork·y adj. cork·i·er, cork·i·est 1. Of or resembling cork. 2. Informal Lively; buoyant. cork ) Nelson, who has left the company to pursue other interests. Gallagher brings nearly 20 years of experience as a veteran of the chemicals industry having most recently served as chief executive officer, and previously, senior vice president and chief financial officer, of Great Lakes Chemical Corporation Great Lakes Chemical Corporation is a chemical research, production, sales and distribution company that produces specialty chemicals used for polymers, fire suppressants and retardants, pool and spa water purification systems and various other applications. . "We're excited about John's proven track record and financial acumen in the chemicals industry. I'm confident John will help lead Celanese successfully into the future," said David Weidman, president and chief executive officer. Prior to joining Great Lakes Chemical, Gallagher served as the chief financial officer of UOP LLC and chief financial officer of the Bendix division of AlliedSignal, Inc. A graduate of the University of Delaware [3] The student body at the University of Delaware is largely an undergraduate population. Delaware students have a great deal of access to work and internship opportunities. , Gallagher also spent the early part of his career in public accounting at Price Waterhouse LLP LLP - Lower Layer Protocol . Thanking Nelson for his service, Weidman said: "We are grateful to Corky and appreciate his commitment to leading Celanese through its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. and positioning the finance department well through our restructuring. We wish him well in future endeavors." About Celanese Celanese Corporation (NYSE:CE) is an integrated global producer of value-added industrial chemicals based in Dallas, Texas. The Company has four major businesses: Chemicals Products, Technical Polymers Ticona, Acetate Products and Performance Products. Celanese has production plants in 13 countries in North America, Europe and Asia. In 2004, Celanese Corporation and its predecessor had combined net sales of $5.1 billion. The presentation of combined net sales of Celanese Corporation with its predecessor is not in accordance with U.S. GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). . For more information on Celanese Corporation including a reconciliation of the combined net sales, please visit the company's web site at www.celanese.com. Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission, copies of which are available from the Company. |
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