Chemtura Corporation (NYSE: CHMT) today announced the appointment of Anne P. Noonan as Vice President of Strategic Business Development to lead Chemtura’s key growth strategy of portfolio management through merger and acquisition.
“This appointment reflects our determination to actively manage our portfolio of businesses in pursuit of our stated goal of doubling revenues by 2016,” said Craig A. Rogerson, President, Chairman and CEO. “Anne’s proven capabilities in running and growing Chemtura’s Great Lakes Solutions business will serve well in identifying and executing on opportunities for mergers, acquisitions, joint ventures, or divestiture to maximize the value to our stakeholders.”
While Noonan’s main focus will be on strategic business development, she also will continue as President of the Great Lakes Solutions flame retardants, bromine, and brominated performance products business. To support Noonan in running the daily operations of Great Lakes Solutions, Keith DuPont, Vice President of Global Procurement, will become Vice President and General Manager of Great Lakes Solutions, effective May 1.
As head of Great Lakes Solutions, Noonan led numerous strategic initiatives, including long-term strategic agreements with Tetra Technologies and Albemarle Corporation designed to optimize Great Lakes Solutions’ footprint, while redeploying assets to more sustainable, greener technologies. Noonan was instrumental in developing and implementing a strategy to deliver a technology license with Dow that established Great Lakes Solutions as the first to market with Emerald™ 3000, the greener HBCD alternative. Additionally, Noonan signed a letter of intent with Archean Chemical with the goal of establishing a joint venture for bromine and brominated derivatives in India.Chemtura Corporation, with 2011 sales of $3 billion, is a global manufacturer and marketer of specialty chemicals, agrochemicals and pool, spa and home care products. Additional information concerning Chemtura is available at www.chemtura.com.
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