Mr. Schofield has served on the board of Calgon Carbon since 1995. He is the former chairman and chief executive officer of USAir Group, a major air carrier. He also serves as a director on Marathon Petroleum Corporation, a refining, marketing and transportation company, and serves as presiding director of United States Steel Corporation, a steel manufacturer. Robert W. Cruickshank, chairman of the company’s Governance Committee, commented, “Separating the positions of chairman and CEO is part of our on-going commitment to superior corporate governance. Seth is currently the company’s lead director and will continue his proven leadership as independent chairman of the board.”
Mr. Dearth will continue to serve on the company’s board of directors as an employee director. The board intends to fill the board vacancy caused by Mr. Stanik’s retirement in the near future.
Calgon Carbon Corporation, headquartered in Pittsburgh, Pennsylvania, is a global leader in services and solutions for making water and air safer and cleaner.
This news release contains historical information and forward-looking statements. Forward-looking statements typically contain words such as "expect," "believe," "estimate," "anticipate," or similar words indicating that future outcomes are uncertain. Statements looking forward in time, including statements regarding future growth and profitability, price increases, cost savings, broader product lines, enhanced competitive posture and acquisitions, are included in the company's most recent Annual Report pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. They involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to be materially different from any future performance suggested herein. Further, the company operates in an industry sector where securities values may be volatile and may be influenced by economic and other factors beyond the company's control. Some of the factors that could affect future performance of the company are higher energy and raw material costs, costs of imports and related tariffs, labor relations, availability of capital and environmental requirements as they relate both to our operations and to our customers, changes in foreign currency exchange rates, borrowing restrictions, validity of patents and other intellectual property, and pension costs. In the context of the forward-looking information provided in this news release, please refer to the discussions of risk factors and other information detailed in, as well as the other information contained in the company's most recent Annual Report.