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Stock Market & Financial Investment News

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February 12, 2013
16:12 EDTALBAlbermarle expands share repurchase authorization to 15M shares
The Board of Directors of Albermarle authorized an increase in the number of shares the company is permitted to repurchase under its existing share repurchase program to 15M from 3.9M shares that remained outstanding under the program as of December 31, 2012. The company currently expects to repurchase approximately 10% of its outstanding shares over the next 10 to 15 months. Share repurchases will be funded through a combination of available cash on hand, free cash flow and possibly debt, the company said.
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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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