Chemtura CFO to retire as planned

Middlebury, Connecticut - Chemtura Corp. said that Karen Osar, executive vice president and chief financial officer, intends to retire on or about March 31. The company has commenced a process to name her successor and expects to make an announcement during the first quarter.

“Karen has made many significant contributions since joining this organisation in 2004, including engineering an essential debt restructuring as her first order of business,” said Robert Wood, chairman and chief executive officer. “We will miss her financial and strategic acumen but respect her decision to spend more time on family and outside board activities and appreciate that she is working closely with us on transition. She leaves with our gratitude and best wishes.”

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Press release from Chemtura