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Stock Market & Financial Investment News

News Breaks
January 24, 2013
06:01 EDTALBAlbermarle downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Albermarle citing a lack of near-term catalysts following the company's Q4 results. The firm lowered its price target for shares to $64 from $70. Note shares were also downgraded this morning at Citigroup.
News For ALB From The Last 14 Days
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January 20, 2015
07:52 EDTALBAlbemarle announces new organizational structure and senior leadership team
Albemarle announced that as a result of the completion of its acquisition of Rockwood Holdings, it will realign its global business units, effective by the end of the Q1. The new structure aligns the company's strategic assets and businesses to be market focused. The new Albemarle structure will consist of three global business units, or GBUs: Chemetall Surface Treatment, Refining Solutions and Performance Chemicals. Consistent with the new organizational structure, the company also announced its senior leadership team, all reporting to President and CEO Luke Kissam. Joris Merckx will serve as president, Chemetall Surface Treatment. Silvio Ghyoot will serve as president, Refining Solutions. Michael Wilson will serve as president, Performance Chemicals. Matt Juneau will serve as senior vice president, Corporate Strategy and Investor Relations. The leadership team changes will become effective with the realignment of the global business units before the end of the Q1. In the interim, business and investor questions should be routed to the current contact.

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