Printer Friendly

Rohm and Haas Announces New Organization.

PHILADELPHIA, June 23 /PRNewswire/ -- Earlier today, Rohm and Haas (NYSE: ROH) announced a revised organizational structure for the company which completed the acquisition of Morton International on Monday, June 21st. With annual sales of $6.5 billion, Rohm and Haas has become one of the world's top specialty chemical companies.

The company's Executive Council has been expanded and the business structure of the organization has been refined to include the product portfolios of both firms. Going forward, the Executive Council includes:

-- J. Lawrence Wilson, Chairman and CEO

-- Raj L. Gupta, Vice Chairman (responsible for Electronic Materials,

Chemical Specialties and a number of corporate functional groups)

-- S. Jay Stewart, Vice Chairman

-- J. Michael Fitzpatrick, President and COO (responsible for Performance

Polymers, Salt, Surface Coatings, geographic Regional directors and

several corporate functional groups)

-- William E. Johnston, Senior Vice President (responsible for Salt and

Surface Coatings)

-- Charles M. Tatum, Senior Vice President and Chief Technology Officer

-- Bradley J. Bell, Senior Vice President and Chief Financial Officer

-- Patrick R. Colau, Senior Vice President and Director of Performance

Polymers

-- Nance K. Dicciani, Senior Vice President, Director of Chemical

Specialties and the European Region

-- Maria L. (Marisa) Guerin, Vice President, Director Corporate Human

Resources

The company's businesses structure is as follows:

Performance Polymers ($3.6 billion in sales) -- Rohm and Haas's largest business group will be based in the company's headquarters' office in Philadelphia, PA. It includes businesses which make a full-range of intermediate products for use in paints and coatings, packaging, construction materials, superabsorbent materials, house siding and business machines.

Patrick R. Colau, Director

Strategic Business Units include:
 Specialty Polymers Adhesives and Sealants
 Monomers Plastics Additives
 Coatings


Surface Coatings -- This business segment will be included as part of Performance Polymers for financial reporting, but will be managed out of Chicago. It includes water-, solvent-, and urethane-based interior and exterior wet and powder coatings used in the appliance, automotive, computer and construction industries.

William E. Johnston, Director

Strategic Business Units include:

Automotive Coatings Industrial Coatings
 Powder Coatings


Salt ($800 million in sales) -- The Morton Salt business has one of the world's best-known franchises in the grocery market -- the Umbrella Girl. In addition, it has strong presence in the water conditioning, highway/ice control, food and chemical processing and agricultural industries throughout North America and Europe. This business group remains headquartered in Chicago.

William E. Johnston, Director

Strategic Business Units include:

Morton Salt Salt Canada
 Salins du Midi


Electronic Materials ($1 billion in sales) -- offers the semiconductor and printed wiring board industries the full range of technologies they need to make their products. In addition, this franchise will offer the printed wiring board industry something it hasn't had in the past -- a fully compatible, completely integrated line of products from a single supplier with a strong reputation for innovation, quality and service. This business group is based in Marlborough, Massachusetts.

Pierre R. Brondeau, Director

Strategic Business Units include:

Shipley Ronal Rodel (Rohm and Haas has a 48% interest

in this firm)
 Shipley Microelectronics


Chemical Specialties ($1.3 billion in sales) -- is a solid combination of specialty businesses that each serve a specific market niche. As a whole, they offer attractive profit margins and generate good cash flow to the overall organization. Chemical Specialties is headquartered in Paris, France.

Nance K. Dicciani, Director

Strategic Business Units include:

Agricultural Chemicals Household Specialties and Industrial
 Processes
 Ion Exchange Resins Performance Chemicals


Rohm and Haas is a $6.5 billion manufacturer of specialty chemicals with operations in 25 countries. On June 21st, Rohm and Haas completed the acquisition of Morton International, a world-renowned manufacturer of specialty chemicals and salt, and joined the ranks of the world's largest specialty chemical companies.
COPYRIGHT 1999 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 23, 1999
Words:609
Previous Article:ASTA's Millennium Travel Forum Wrap-Up: What The Experts Said.
Next Article:Clarityvision.com Offers More Than Meets the Eye.
Topics:

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters