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Albemarle to Realign Business - Analyst Blog
9/24/2013 5:17:00 PM
Albemarle Corporation ( ALB ) announced that it will realign its global business units (GBUs) with effect from Jan 1, 2014. The company will align its assets within two GBUs.
The new organizational structure will allow the company to increase its customer focus, enhance innovation and accelerate growth. Each of these GBUs will have their own sales, research and development, process engineering, manufacturing and sourcing and business strategy units and personnel.
One of them will be the Performance Chemicals GBU which will include Fire Safety Solutions, Specialty Chemicals and Fine Chemistry Services, integrating the company's bromine, mineral and custom manufacturing assets under one business unit. Albemarle announced that the GBU will be lead by Matt Juneau who has more than 30 years experience in the chemical industry.
The other unit -- The Catalyst Solutions GBU -- will include
Refinery Catalyst Solutions, Performance Catalyst Solutions and
Antioxidants. Albemarle appointed D. Michael Wilson as the
president of Catalyst Solutions, who recently joined the company
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