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Chase Corporation Names Executive Officers.


BRIDGEWATER, Mass. -- Chase Corporation's (AMEX AMEX

See: American Stock Exchange
:CCF CCF
abbr.
Cooperative Commonwealth Federation of Canada
) Board of Directors is pleased to announce the appointment of Peter R. Chase, its President and Chief Executive Officer, to the additional position of Chairman of the Board effective February 5, 2007, the date of the fiscal 2006 Annual Meeting of Shareholders. Mr. Chase has been President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  since 1994.

In addition, continuing the management transition plan announced February 3, 2006, the Board named three additional executive officers of the Company also effective February 5, 2007.

* Adam P. Chase becomes Vice President and Chief Operating Officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
. Adam Chase Adam Chase may refer to:
  • a pseudonym for writer Stephen Marlowe and
  • a TV writer and producer: Adam Chase (writer) (Friends).
 has served the Company as Vice President - Operations since February 2006, as Vice President & General Manager Coating & Laminating Division from March 2003 and as Corporate Controller from September 2000 through January 2004. Prior to joining Chase Corporation in 1998 he was employed by Brown Brothers Harriman & Company. In his new role he will be responsible for all operational and manufacturing activities in the Company.

* Terry M. Jones becomes Vice President Business Development and Chief Marketing Officer. Mr. Jones has been Vice President - Marketing & Business Development since February 2006 and as Vice President Specialty Coatings Division from his hire in August 2002. Prior to joining the Company he served in multiple capacities at Schenectady International, Inc. the latest being General Manager Europe - Polymer Division. In his new role he will be responsible for all sales, marketing and business development activities of the Company.

* Kenneth L. Dumas becomes Treasurer and Chief Financial Officer. Mr. Dumas has been Director of Finance since February 2006. Prior to that he was Corporate Controller from January 2004 and began his employment with the Company as Assistant Corporate Controller in April 2003. Before joining Chase Corporation Mr. Dumas was employed by PricewaterhouseCoopers LLP LLP - Lower Layer Protocol . In his new capacity he will be responsible for all financial activities of the Company as well as its IT operations.

Peter Chase remarked, "These changes represent the continuation of the transition plan begun with the retirement of our long time CFO See Chief Financial Officer.  Everett Chadwick early in 2006. We are focused on consolidation efforts to help improve overall efficiency including these moves to solidify functional reporting areas. Our recent annual results demonstrate the success of the team named in February. As the Company continues to progress we anticipate further organizational development at the executive level."

On October 16, 2006 Chase Corporation announced record annual revenues and earnings for its fiscal year ended August 31, 2006. It also declared a dividend of 40 cents per share Cents per share

The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned.
, a new high, payable December 4, 2006 to shareholders of record on October 31, 2006.

Chase Corporation is a diversified, advanced manufacturing company providing a wide-variety of high quality products and services to the specialty chemical, converting and electronic manufacturing industries. The Company's stock is traded on the American Stock Exchange American Stock Exchange (AMEX)

Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921.
 (AMEX:CCF).
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 30, 2006
Words:468
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