Chemtura Announces Executive Appointments

01-06-2007: Chemtura Corporation announced several executive appointments aimed at strengthening business and functional alignment in its new organization.

Eric Wisnefsky has been appointed vice president of Strategy and New Business Development (S&NBD), assuming these duties, including merger and acquisition responsibility, from Greg McDaniel, who will be devoting his full efforts as group president of Crop Protection. Wisnefsky has served as vice president and treasurer of the corporation since 2004. Since joining the company in 1998, he held key roles in financial planning and analysis, has led cost-saving and business integration projects, and has been deeply involved in numerous mergers, acquisitions and divestitures.

In concert with these appointments, Stephen Forsyth, executive vice president and chief financial officer, has been nominated to become treasurer of the corporation, pending a vote of the Board of Directors. Assistant Treasurer Carol Anderson will assume Wisnefsky's responsibilities in treasury, risk and insurance, credit and collections, and cash applications.

In addition, Chemtura announced that Douglas Debrecht will be joining the company as vice president and chief information officer in June. Debrecht comes to Chemtura after 12 years with Raytheon Company, where he served most recently as vice president and chief information officer of Raytheon International Inc. since 2004. A Six Sigma specialist, he brings significant global experience; strong technical, planning, and implementation skills; and successful IT transformation experience to Chemtura. Debrecht earned his bachelor's degree in physics and master's in engineering, both at Texas A&M University.