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January 2, 2008 |
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CHEMTURA CORP: Names Robert Wedinger as Chief Business Officer Chemtura Corporation has appointed Robert S. Wedinger, PhD, as chief business officer, reporting directly to Chairman and Chief Executive Officer Robert Wood. Dr. Wedinger is now responsible for Chemtura's commercial organization and its four businesses: Polymer Additives, Performance Specialties, Crop and Consumer Products. Dr. Wedinger, who was serving as group president of Performance Specialties, will retain his Performance Specialties role in addition to his new responsibilities. He joined Chemtura in 2006 as vice president and general manager of Process Chemicals and Polymers. Dr. Wedinger came to Chemtura from J.M. Huber Corporation in Maryland, a private diversified manufacturer, where he served as vice president and general manager of the performance materials business and the consumer products business. His previous positions include vice president and general manager of pharmaceutical fine chemicals for Honeywell International (AlliedSignal) in New Jersey; and global technical director for the food ingredients division of FMC Corporation in Pennsylvania. Dr. Wedinger holds 10 U.S. patents and has three patents pending. He earned a Bachelor of Science in chemistry and biology from Wagner College and a Ph.D. in physical organic chemistry from the State University of New York at Stony Brook. He was a post-doctoral research fellow in synthetic organic chemistry at Harvard University. Dr. Wedinger is also a member of the SOCMA Board of Directors. About Chemtura Corp. Headquartered in Middlebury, Connecticut, Chemtura Corp. (NYSE:CEM) -- http://www.chemtura.com/ -- is a global manufacturer and marketer of specialty chemicals, crop protection, and pool, spa and home care products. The company has approximately 6,400 employees around the world and sells its products in more than 100 countries. The company has facilities in Singapore, Australia, China, Hong Kong, India, Japan, South Korea, Taiwan, Thailand, Brazil, Belgium, France, Germany, Mexico, and The United Kingdom. * * * As reported in the Troubled Company Reporter-Latin America on May 18, 2007, Moody's Investors Service lowered Chemtura Corporation's ratings: -- Corporate Family Rating: Ba2 from Ba1 -- Senior notes, US$500 million due 2016: Ba2 from Ba1; LGD4 (53%) -- Senior Unsecured Notes, US$150 million due 2026: Ba2 from Ba1; LGD4 (53%) -- Senior Unsecured Notes, US$400 million due 2009: Ba2 from Ba1; LGD4 (53%) |
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