Crompton Names Full-Time Compliance Officer.Business Editors MIDDLEBURY, Conn.--(BUSINESS WIRE)--March 20, 2003 Crompton Corporation (NYSE NYSE See: New York Stock Exchange :CK) has appointed a full-time compliance officer to further strengthen the company's commitment to the highest standards of corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and ethics. James A. Nortz, 42, has been named vice president, business ethics and compliance, effective immediately. He reports directly to Chairman, 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. Vincent A. Calarco and to Crompton Board of Directors Audit Committee Chairman Bruce Wesson. "Throughout Crompton's long history - dating back to 1850 - the company always has set the highest standards for ethical conduct. This is an important element of our corporate culture, and it is taken very seriously throughout our organization," Calarco said. "Establishing a full-time compliance officer further illustrates our commitment to doing the right thing in all aspects of our business." Nortz is responsible for developing and implementing corporate compliance programs and policies. He will work with senior managers and department heads to improve existing compliance systems and to develop and implement new compliance systems where needed. He also will implement and administer an online compliance training program. Nortz has served as Crompton's senior safety, health, environmental and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. counsel since joining the company in 1994. Previous to that, he served in the U.S. Army Judge Advocate General judge advocate general (J.A.G.) n. a military officer who advises the government on courts-martial and administers the conduct of courts-martial. The officers who are judge advocates and counsel assigned to the accused come from the office of the judge advocate (JAG judge advocate general (J.A.G.) n. a military officer who advises the government on courts-martial and administers the conduct of courts-martial. The officers who are judge advocates and counsel assigned to the accused come from the office of the judge advocate ) Corps. From 1990 to 1994, he worked as a litigation attorney with the U.S. Army Environmental Law Division in Arlington, VA. From 1987 to 1990, he served as a JAG criminal defense counsel for the Army Trial Defense Service in Nuernberg and Kitzingen, Germany. Nortz received a bachelor's of science degree in mechanical engineering from the Rochester Institute of Technology, Rochester, NY and received his Juris Doctor with honors from Dickinson School of Law In 2005 a dispute over whether or not to move the Dickinson School of Law to Penn State's University Park campus in State College, Pennsylvania led to a "dual campus" proposal being enacted. in Carlisle, PA. Crompton Corporation is a $2.5 billion producer and marketer of specialty chemicals and polymer products providing the solutions, service and value our customers need to succeed. Additional information is available at www.cromptoncorp.com. |
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