Eastman Realigns Management Structure to Support Growth Strategy

Assets and Technologies Grouped for Synergies

09-Mar-2006

Eastman Chemical Company announced a realignment of its organizational structure and related senior management assignments.

"The changes we're announcing give us a management and organizational structure that is aligned to implement our corporate growth strategy," said Brian Ferguson, chairman and CEO. "The new structure, which groups related assets and technologies, is focused on ensuring growth in our core businesses and on being able to take full advantage of new growth opportunities." The changes are effective April 1, 2006.

Ferguson announced that James P. Rogers, 54, will serve as president, chemicals and fibers business group, which includes additional responsibilities from his current position as executive vice president. The chemicals and fibers business group will consist of the company's performance chemicals and intermediates; fibers; and coatings, adhesives, specialty polymers and inks segments. Rogers will also be responsible for supply chain, worldwide manufacturing support, chemicals and fibers market development and innovation, and the management of regions outside the United States.

Gregory O. Nelson, 54, has been named executive vice president, polyesters business group. He is currently senior vice president and chief technology officer. The polyesters business group includes the company's polymers and specialty plastics segments. In addition, Nelson will have responsibility for polyesters market development and innovation.

Ronald C. Lindsay, 47, has been appointed senior vice president and chief technology officer, replacing Nelson in that position. Lindsay is currently vice president and general manager of the company's performance chemicals and intermediates segment.

"By bringing together our chemicals and fibers segments into one group, we'll benefit from the synergies among our performance chemicals and intermediates; fibers; and coatings, adhesives, specialty polymers and inks segments," Ferguson said. "And combining the strengths of our polyesters segments into one group, which will include our polymers and specialty plastics segments, will enable us to take advantage of our integrated polyester strategy. This structure, which is built around common technologies and streams, will provide the maximum opportunity to successfully implement our growth initiatives. It also brings a stronger focus on the capabilities within our core businesses.

https://www.chemeurope.com/en/news/52916/eastman-realigns-management-structure-to-support-growth-strategy.html