Valhi, Inc. Announces Management Changes, with Effect from June 1, 2019
March 22, 2019 at 04:27 pm EDT
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On March 18, 2019, Gregory M. Swalwell, executive vice president, chief financial officer and chief accounting officer of the Valhi, Inc., provided notice to the company that, effective as of June 1, 2019, he will retire as an officer of the company. Following such retirement notice of Mr. Swalwell, the company's board of directors took action, also effective as of June 1, 2019, to: elect James W. Brown, currently the company's vice president, business planning and strategic initiatives, as the company's senior vice president and chief financial officer; and elect Michael S. Simmons, currently director of special projects of Contran and vice president, finance of Kronos, as the company's vice president and chief accounting officer. Amy Allbach Samford, who is the company's vice president and controller, will continue to serve in that role for the company.
Valhi, Inc. is primarily a holding company, which operates through its subsidiaries, NL Industries, Inc., Kronos Worldwide, Inc., CompX International Inc., BasicManagement, Inc. and The LandWell Company. Its segments include Chemicals, Component Products, and Real Estate Management and Development. Chemicals segment produces and markets value-added titanium dioxide pigments. Component Products segment manufactures security products used in the postal, recreational transportation, office and institutional furniture, cabinetry, tool storage, healthcare and a variety of other industries. The segment also a manufacture wake enhancement system, stainless steel exhaust systems, gauges, throttle controls, trim tabs and related hardware and accessories for the recreational marine industry. Real Estate Management and Development segment owns real property in Henderson, Nevada. The segment develops certain land holdings for commercial, industrial and residential purposes in Henderson, Nevada.
VALHI, INC. 
