Chemtura Announces Executive Appointments.MIDDLEBURY, Conn. -- Chemtura Corporation Chemtura Corporation (NYSE: CEM) is a marketer of specialty chemicals, polymer products and processing equipment for a variety of industries. The company formed in 2005 from the merger of two other corporations -- Great Lakes Chemical Corporation of West Lafayette, Indiana, (NYSE NYSE See: New York Stock Exchange : CEM CEM contagious equine metritis. CEM selective medium chocolate agar made with Eugon agar and 5% horse blood; used to cultivate Taylorella equigenitalis. ) is pleased to announce several executive appointments aimed at strengthening business and functional alignment in its new organization. Eric Wisnefsky has been appointed vice president of Strategy and New Business Development (S&NBD NBD Next Business Day NBD National Bank of Dubai (United Arab Emirates) NBD No Big Deal NBD Network Block Device (Linux) NBD Nucleotide Binding Domain NBD New Business Development ), assuming these duties, including merger and acquisition responsibility, from Greg McDaniel, who will be devoting his full efforts as group president of Crop Protection, where his 20 years of prior agricultural business experience will help advance our Crop Protection business. Wisnefsky has served as vice president and treasurer of the corporation since 2004. Since joining the company in 1998, he held key roles in financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and analysis, has led cost-saving and business integration projects, and has been deeply involved in numerous mergers, acquisitions and divestitures. In concert with these appointments, Stephen Forsyth, executive vice president and chief financial officer, has been nominated to become treasurer of the corporation, pending a vote of the Board of Directors. Assistant Treasurer Carol Anderson will assume Wisnefsky's responsibilities in treasury, risk and insurance, credit and collections, and cash applications. "These appointments underscore The underscore character (_) is often used to make file, field and variable names more readable when blank spaces are not allowed. For example, NOVEL_1A.DOC, FIRST_NAME and Start_Routine. (character) underscore - _, ASCII 95. our commitment to broaden the experience of talented individuals throughout our organization," said Robert L. Wood, Chairman 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. . In addition, Chemtura announced that Douglas Debrecht will be joining the company as vice president and chief information officer in June. Debrecht comes to Chemtura after 12 years with Raytheon Company, where he served most recently as vice president and chief information officer of Raytheon International Inc. since 2004. A Six Sigma Not to be confused with Sigma 6. Six Sigma is a set of practices originally developed by Motorola to systematically improve processes by eliminating defects.[1] A defect is defined as nonconformity of a product or service to its specifications. specialist, he brings significant global experience; strong technical, planning, and implementation skills; and successful IT transformation experience to Chemtura. Debrecht earned his bachelor's degree in physics and master's in engineering, both at Texas A&M University. "We expect to benefit from Doug's extensive experience in SAP and combining disparate systems," said Wood. "We are pleased to have a seasoned IT executive of Doug's caliber joining our organization." Chemtura Corporation, with 2006 sales of $3.7 billion, is a global manufacturer and marketer of specialty chemicals, crop protection, and pool, spa and home care products. Additional information concerning Chemtura is available at www.chemtura.com. |
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