This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

OM Group Announces Retirement Plans Of Chief Financial Officer Kenneth Haber

CLEVELAND, June 28, 2011 /PRNewswire/ -- OM Group, Inc. (NYSE: OMG) today announced that Kenneth Haber, the company's chief financial officer, has informed the company of his decision to retire in order to pursue personal interests.  Haber, 60, has served as chief financial officer on a permanent basis since 2006 after joining the company as its interim CFO in 2005. Haber will continue in his current capacity until a successor has been named and transitioned into the role.

"On behalf of the Board of Directors and my fellow colleagues, I want to recognize Ken for his dedicated service and commitment to OMG over the past five years," said Joseph Scaminace, chairman and chief executive officer. "With Ken's guidance and assistance, OM Group was able to instill a rigorous and disciplined planning and budgeting process throughout the organization, as well as create the financial flexibility and strong balance sheet needed to effect our growth strategy. While Ken leaves 'big shoes' to fill, I am confident that OM Group will not miss a beat in its performance or in its zeal to unlock even greater shareholder value thanks, in large part, to the foundation Ken helped us lay."

"It has been a privilege to work with Joe and the team at OM Group, and I thank all of my colleagues for their support and friendship during my time with the company," said Haber. "I have always planned to retire at an age when I was still able to actively enjoy time with my family and a wide range of personal and community interests. Based on the strength of the company's results through first quarter 2011 and its positive outlook as it enters a new era of sustainable growth, I believe now is the right time for the company and for me personally to pursue an orderly transition of the CFO position."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs