Innophos Holdings elects Robert Harrer as CFO Innophos Holdings announced that its board has elected Robert Harrer as vice president and CFO. He most recently served as CFO and Chief Administrative Officer for Avantor Performance Materials, formerly Mallinckrodt Baker.
Innophos Holdings evaluating initiatives given margin compression The company said, "Given the 2015 margin compression that we are experiencing, we are currently evaluating several initiatives to improve the overall operating efficiency of the organization, targeting to at least cover the 100 basis points cost component of the margin compression. These initiatives may require various one-time costs such as capital spending, involuntary and/or voluntary separation costs. The various initiatives being reviewed include production unit consolidations and various staff reduction initiatives. We intend to conclude the evaluation of these initiatives and seek Board approval by the end of the third quarter 2015."