PRINCETON, N.J.--(BUSINESS WIRE)--
Rockwood Holdings, Inc. (NYSE:ROC) announced today that Seifi Ghasemi
will step down as the Company's Chief Executive Officer on June 30,
2014, in order to become Chairman, President and Chief Executive Officer
of Air Products & Chemicals, Inc. (NYSE:APD). Mr. Ghasemi will remain
Chairman of the Board of Directors of Rockwood until January 1, 2015 and
continue thereafter as director.
As part of the succession plan, the Rockwood Board of Directors has
appointed Robert J. Zatta as Acting Chief Executive Officer effective
July 1, 2014, in addition to his role as Chief Financial Officer. The
Company also announced that Thomas J. Riordan, Senior Vice President,
Law & Administration and Corporate Secretary, has been named Executive
Vice President and Chief Administrative Officer. Steffen Haber,
President of Rockwood Lithium and Joris Merckx, President of Chemetall
Surface Treatment, will continue in their current roles, and will report
to Mr. Zatta.
"Bob is a highly skilled leader who has served as Rockwood's CFO for
more than 13 years. His deep knowledge of the Company and his
significant strategic, operational, international and financial
experience make him an excellent choice to guide Rockwood through this
transition," said Douglas L. Maine, Lead Independent Director of
Rockwood's Board. "Tom has also demonstrated strong leadership and
execution during his long tenure at Rockwood, and we expect him to
continue to play an invaluable role. The Rockwood Board of Directors
will initiate a search process to identify a permanent CEO, which will
include Bob and other candidates."
Mr. Ghasemi said, "It has been an honor to lead Rockwood for the past 13
years, and I am incredibly proud of the significant accomplishments our
team has achieved together. I have great confidence in Bob and Tom, as I
know that under their stewardship, Rockwood will continue to execute
well against its strategy in the future. I look forward to continuing to
work with the team in my capacity as Chairman."
"On behalf of the entire Rockwood Board, I want to thank Seifi for his
industry leadership, vision and execution over the past 13 years," added
Mr. Maine. "Seifi, Bob and Tom have led Rockwood through a significant
period of transformation focusing the Company's portfolio of assets,
creating a leading global specialty chemical company and delivering
significant returns for shareholders. As a Board, we are confident that
Bob and Tom will continue to advance and successfully execute on
"Rockwood continues on a solid path for future growth in its core
businesses, Lithium and Surface Treatment," said Mr. Zatta. "Having
recently completed our acquisition of the 49% ownership interest in
Talison Lithium, Rockwood is now the premier diversified provider of
lithium products to our global customers. Our management team is focused
on the continued and consistent execution of the Company's strategy, and
I look forward to continuing to work with them to create meaningful
value for Rockwood's shareholders."
Robert J. Zattahas been Senior Vice President and Chief
Financial Officer of Rockwood since April 2001. Prior to joining
Rockwood, Mr. Zatta spent 12 years with the Campbell Soup Company, where
he held several significant financial management positions, including
his latest position as Vice President responsible for Corporate
Development and Strategic Planning. Mr. Zatta has a B.S. in Business
Administration and an M.B.A. in Finance.
Thomas J. Riordan has been Senior Vice President, Law & Administration
of Rockwood since 2000. Prior to that, Mr. Riordan was Vice President,
Law & Administration of Laporte Inc. (Rockwood's predecessor) since 1992
and joined Laporte in 1989. Mr. Riordan worked for UOP from 1975 to 1989
where he held various positions, including Chief Litigation Counsel. Mr.
Riordan has a B.A., an M.B.A. and a J.D.
Rockwood Holdings, Inc. based in Princeton, N.J., is a leading
global developer, manufacturer and marketer of technologically advanced
and high value-added specialty chemicals, with a market capitalization
of more than $5 billion.It is a leading integrated and low cost
global producer of lithium and lithium compounds used in lithium-ion
batteries for electronic devices, alternative transportation vehicles
and future energy storage technologies, meeting the significant growth
in global demand for these products. The company is also the second
largest global producer of products and services for metal processing,
servicing the aerospace, general and European luxury automotive
For more information on Rockwood, please visit www.rocksp.com.
The information set forth in this press release contains certain
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 concerning the business,
operations and financial condition of Rockwood Holdings, Inc. and its
subsidiaries and affiliates ("Rockwood"), including with respect to the
future performance of the Talison joint venture and its impact on our
earnings. Words such as "anticipates," "believes," "estimates,"
"expects," "forecasts," "predicts" and variations of such words or
expressions are intended to identify forward-looking statements.
Although Rockwood believes the expectations reflected in such
forward-looking statements are based upon reasonable assumptions, there
can be no assurance that its expectations will be realized.
"Forward-looking statements" consist of all non-historical information,
including any statements referring to the prospects and future
performance of Rockwood, including without limitation, the payment of
future dividends. Actual results could differ materially from those
projected in Rockwood's forward-looking statements due to numerous known
and unknown risks and uncertainties, including, among other things, the
"Risk Factors" described in Rockwood's periodic reports on file with the
Securities and Exchange Commission. Rockwood does not undertake any
obligation to publicly update any forward-looking statement to reflect
events or circumstances after the date on which any such statement is
made or to reflect the occurrence of unanticipated events.
Source: Rockwood Holdings, Inc.