Albemarle Corporation
Albemarle Announces New Operating Structure and Executive Departures
Summary
Albemarle Corporation announced a new operating structure to increase agility and deliver cost savings, resulting in the departures of Executive Vice President, General Counsel and Corporate Secretary Kristin Coleman and Vice President, Corporate Controller and Chief Accounting Officer John C. Barichivich III. A press release detailing the new structure is furnished as Exhibit 99.1.
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About Albemarle Corporation
Albemarle Corporation is a global leader in the chemical manufacturing industry, specializing in the production of lithium, bromine, and catalysts. As a significant player in the lithium market, Albemarle is integral to the rapidly growing electric vehicle (EV) sector, owing to lithium's essential role in battery production. The company's operations extend across diverse applications, from energy storage solutions to petroleum refining and the pharmaceuticals industry. By providing advanced materials and solutions, Albemarle plays a crucial role in enabling cleaner energy technologies and sustainable industrial practices. Headquartered in Charlotte, North Carolina, Albemarle operates on a global scale, with production facilities and research centers strategically located around the world. The company's commitment to innovation and sustainability ensures its continuous impact on emerging technologies, making it a crucial stakeholder in the transition towards more sustainable energy and advanced industrial processes. Albemarle's market significance is underscored by its strategic partnerships and global supply chains that support some of the most dynamic and essential sectors in today's economy.
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