Albemarle Appoints Ragnar Udd as New CEO, Effective February 1, 2027

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Kent Masters, Jr. as President and Chief Executive Officer, effective February 1, 2027. Masters will transition to the role of Executive Chair. Udd, with over 25 years of experience in leading global resources businesses, currently serves as Chief Commercial Officer of BHP. The transition is part of a well-defined succession plan conducted by the Board, ensuring leadership continuity. Udd will also join the Albemarle Board of Directors.

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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.