Albemarle Corporation 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 first quarter 2015. The new structure aligns the company's strategic assets and businesses to be market focused and allows the company to more effectively leverage its combined resources on innovation and growth. The new Albemarle structure will consist of three global business units: Chemetall Surface Treatment, Refining Solutions and Performance Chemicals. Chemetall Surface Treatment will continue to supply specialty chemicals with a focus on processes for the surface treatment of metals and plastics. Refining Solutions will consist of the Heavy Oil Upgrading and Clean Fuels Technologies businesses, delivering a robust portfolio of catalyst solutions that apply to the entire refinery process. Performance Chemicals will combine the lithium, aluminum alkyls and derivative catalysts businesses with Albemarle's existing Performance Chemicals GBU. Each GBU will have a dedicated team of sales, R&D, process engineering, manufacturing and sourcing, and business strategy personnel and will have full accountability for improving execution through greater asset and market focus, agility and responsiveness.

Consistent with the new organizational structure, the company also announced its senior leadership team, all reporting to President and Chief Executive Officer Luke Kissam: Joris Merckx will serve as president, Chemetall Surface Treatment. With over twenty years' experience in technical sales, account management and business unit management, Mr. Merckx has managed Chemetall's global surface treatment business since October 2007 and has served as president since September 2012. Silvio Ghyoot will serve as president, Refining Solutions. Mr. Ghyoot has held numerous commercial and management positions of increasing responsibility, including roles in business, sales and supply chain, since joining Albemarle in 1990. Michael Wilson will serve as president, Performance Chemicals. Mr. Wilson has served as president of Catalyst Solutions since 2013. Prior to joining Albemarle, he served as president of the Specialty Chemicals Group at FMC Corporation. Matt Juneauwill serve as senior vice president, Corporate Strategy and Investor Relations. Mr. Juneau has over thirty years' experience in the chemical industry and has held leadership positions across all of the Albemarle businesses and global sales during his career with the company. Susan Kelliher, Karen Narwold and Scott Tozierwill continue in their current roles as senior vice president, Human Resources and chief people officer; senior vice president, General Counsel, Corporate & Government Affairs, Corporate Secretary; and senior vice president and chief financial officer, respectively. The leadership team changes will become effective with the realignment of the global business units before the end of the first quarter.