Arch Chemicals Announces Realignment of Responsibilities
24 Settembre 2009 - 11:18PM
Business Wire
Arch Chemicals, Inc. (NYSE:ARJ), a global Biocides company,
announced the following three senior management team appointments.
These individuals, all of whom are existing Arch leaders, are
assuming the operational responsibilities that had previously been
managed by the Company’s former Chief Operating Officer. They will
report directly to Chairman, President and CEO Michael E. Campbell,
effective immediately.
Michael Cook has been named Senior Vice President for HTH
Water Products’ worldwide operations. Mr. Cook most recently served
as Vice President and General Manager, Arch Industrial Coatings and
previously was Director of Global Marketing for HTH Water Products.
A member of Arch since its founding in 1999, he holds a bachelor of
science degree in chemical engineering from Cornell University and
a masters of business administration from the University of
Louisville in Kentucky.
Joseph Shaulson has been named Senior Vice President for
Wood Protection, Industrial Coatings and Personal Care Ingredients.
Mr. Shaulson will be responsible for these businesses’ global
operations. He had previously served as Vice President, Strategic
Development. Prior to joining Arch, he was President of Hexcel
Corporation’s Reinforcements Business Unit, a $400 million global
business. Mr. Shaulson holds a bachelor of science degree in
economics and a masters of business administration from the Wharton
School at the University of Pennsylvania, as well as a Juris Doctor
degree from the University of Pennsylvania Law School.
Rick Walden has been named Senior Vice President for the
global Health & Hygiene and Preservation & Protection
Biocides businesses, Performance Products and Asia Pacific. A
member of the Arch team since its founding, Mr. Walden had
previously served as Vice President and General Manager, Industrial
Biocides and Performance Products. Mr. Walden received his
engineering degree from Tennessee Technological University and a
masters in business administration from Bellarmine University.
Beyond these operational appointments, Sarah O’Connor, in
addition to her current duties, now has responsibility for the
strategic planning and development function previously under Joseph
Shaulson. Ms. O’Connor, Senior Vice President, Strategic
Development, Chief Legal Officer and Corporate Secretary, continues
to report to Mr. Campbell. Also, the General Managers of each of
the Company’s businesses remain in place and now report to Mr.
Cook, Mr. Shaulson or Mr. Walden.
“This is a strong group of talented executives who are dedicated
to fulfilling Arch’s great potential,” said Mr. Campbell. “I look
forward to working closely with this team to capitalize on our
global growth prospects and, by doing so, to further enhance
shareholder value.”
Headquartered in Norwalk, Connecticut (USA), Arch Chemicals,
Inc. is a global Biocides company with annual sales of
approximately $1.5 billion. Arch and its subsidiaries provide
innovative, chemistry-based and related solutions to selectively
destroy and control the growth of harmful microbes. The Company’s
concentration is in water treatment, hair and skin care products,
treated wood, preservation and protection applications such as for
paints and building products, and health and hygiene applications.
Arch Chemicals operates in two segments: Treatment Products and
Performance Products. Together with its subsidiaries, Arch has
approximately 3,000 employees and manufacturing and
customer-support facilities in North and South America, Europe,
Asia, Australia and Africa. For more information, visit the
Company’s Web site at http://www.archchemicals.com.
Except for historical information contained herein, the
information set forth in this communication contains
forward-looking statements that are based on management's beliefs,
certain assumptions made by management and management's current
expectations, outlook, estimates and projections about the markets
and economy in which the Company and its various businesses
operate. Words such as "anticipates," "believes," "estimates,"
"expects," "forecasts," "intends," "opines," "plans," "predicts,"
"projects," "should," "targets" and variations of such words and
similar expressions are intended to identify such forward-looking
statements. These statements are not guarantees of future
performance and involve certain risks, uncertainties and
assumptions ("Future Factors"), which are difficult to predict.
Therefore, actual outcomes and results may differ materially from
what is expected or forecasted in such forward-looking statements.
The Company undertakes no obligation to update publicly any
forward-looking statements, whether as a result of future events,
new information or otherwise. Future Factors which could cause
actual results to differ materially from those discussed include
but are not limited to: general economic and business and market
conditions; continued weakening in U.S., European and Asian
economies; increases in interest rates; changes in foreign
currencies against the U.S. dollar; customer acceptance of new
products; efficacy of new technology; changes in U.S. or foreign
laws and regulations; increased competitive and/or customer
pressure; loss of key customers; the Company's ability to maintain
chemical price increases; higher-than-expected raw material and
energy costs and availability for certain chemical product lines; a
change in the antidumping duties on certain products; increased
foreign competition in the calcium hypochlorite markets; inability
to obtain transportation for our chemicals; unfavorable court
decisions, including unfavorable decisions in appeals of
antidumping rulings, arbitration or jury decisions or tax matters;
the supply/demand balance for the Company's products, including the
impact of excess industry capacity; failure to achieve targeted
cost-reduction programs; capital expenditures in excess of those
scheduled; environmental costs in excess of those projected; the
occurrence of unexpected manufacturing interruptions/outages at
customer or Company plants; a decision by the Company not to start
up the hydrates manufacturing facility; unfavorable weather
conditions for swimming pool use; inability to expand sales in the
professional pool dealer market; the impact of global weather
changes; changes in the Company’s stock price; ability to obtain
financing at attractive rates; financial market disruptions that
impact our customers or suppliers; and gains or losses on
derivative instruments.
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