CHARLOTTE, N.C., Oct. 26,
2023 /PRNewswire/ -- Albemarle Corporation (NYSE:
ALB), a global leader in providing essential elements for mobility,
energy, connectivity, and health, today announced that Neal Sheorey will join Albemarle as its executive vice president and
chief financial officer, effective Nov. 6,
2023. Scott Tozier,
Albemarle's current executive vice
president and chief financial officer, will transition from his
current role and become a strategic advisor to the CEO.
"Scott's steady leadership, strategic market knowledge and
extensive financial acumen have driven Albemarle's growth strategy for more than a
decade," said Albemarle CEO Kent
Masters. "Most importantly, Scott's enduring commitment to
our core values and his unwavering belief in Albemarle's mission and vision are
distinguishing characteristics that will continue to serve the
company in this new advisory role."
Sheorey joins Albemarle from
Dow, a global materials science company, where he served for more
than 20 years in progressive finance, business, and corporate
leadership roles. Most recently, he was vice president of Dow's
Coatings & Performance Monomers business unit, a global
portfolio with more than $4 billion
in sales, where he was responsible for the group's strategy,
profitability, and growth initiatives. Prior to his current role,
Sheorey served as Dow's vice president of investor relations,
senior director of corporate development and global finance
director for the Chemicals business group.
Sheorey holds a master's degree in business administration with
a concentration in finance and corporate strategy from the
University of Michigan, and a
bachelor's degree in chemical engineering from Northwestern University.
"Neal's management and financial experience, coupled with his
experience in global and capital-intensive environments, will be
valuable additions to our leadership team," said Masters.
Tozier joined Albemarle in 2011
as senior vice president and chief financial officer.
About Albemarle
Albemarle Corporation (NYSE:
ALB) leads the world in transforming essential resources into
critical ingredients for mobility, energy, connectivity, and
health. We partner to pioneer new ways to move, power, connect and
protect with people and planet in mind. A reliable and high-quality
global supply of lithium and bromine allows us to deliver advanced
solutions for our customers. Learn more about how the people
of Albemarle are enabling a more resilient world at
Albemarle.com and on Twitter @AlbemarleCorp.
Albemarle regularly posts
information on our website, including notification of events, news,
financial performance, investor presentations and webcasts,
non-GAAP reconciliations, SEC filings and other information
regarding the company, its businesses, and the markets we
serve.
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SOURCE Albemarle Corporation