Home / Knowledge / News / Textiles / Espeland to succeed Lorraine as Eastman CFO
Espeland to succeed Lorraine as Eastman CFO
09
Jul '08
Eastman Chemical Company announced the retirement of two executives and several resulting senior management appointments that demonstrate the company's depth of management expertise. These new appointees will play key roles as the company executes its strategy that is expected to result in a doubling of its earnings per share over the next five years.

Richard A. Lorraine, 62, announced he will step down as senior vice president and chief financial officer, effective Sept.1, 2008. Lorraine will remain with the company until the end of the year performing in various roles and special projects.

“During his tenure with the company, Eastman has benefitted enormously from Rich's leadership, broad business experience and his strong disciplined approach to finance,” said Brian Ferguson, chairman and chief executive officer. “He was instrumental in the process of making difficult decisions and implementing many of the strategic actions we have taken over the last five years. His many contributions will have a lasting impact on the company.”

Gregory O. Nelson, 56, also announced his retirement as executive vice president and polymers business group head, effective Aug. 1, 2008.

“During the years I have known Greg, I have always admired the integrity he has consistently demonstrated, and for which he is widely known and respected,” said Ferguson. “As a member of our senior leadership team, he most recently has led the polymers business group in a significant transformation focused on improving business results. He will be missed both personally and professionally.”

“The appointments we're announcing as a result of these retirements demonstrate the depth and breadth of our leadership. Each of the people being appointed has the skills and experience to assume very important assignments that are essential to us delivering on our plans for growth.”

Eastman announced the following appointments, effective Aug. 1, 2008, unless otherwise noted:

Curtis E. Espeland, 44, will succeed Lorraine as senior vice president and chief financial officer, effective Sept. 1, 2008. Espeland is currently vice president, finance and chief accounting officer.

Mark J. Costa, 42, will assume Nelson's position and become executive vice president, responsible for the polymers business group, as well as marketing. Costa is currently senior vice president, corporate strategy and marketing.

Ronald C. Lindsay, 49, has been named senior vice president, corporate strategy and regional leadership. In this role, Lindsay will be responsible for the company's industrial gasification initiatives. Lindsay is currently senior vice president and chief technology officer.

Norris P. Sneed, 52, has been appointed senior vice president and chief administrative officer, with responsibilities for human resources, communications and public affairs and information technology, effective Sept. 1, 2008. Sneed is currently senior vice president, human resources, communications and public affairs.

Must ReadView All

Courtesy: ZDHC

Textiles | On 23rd Jan 2017

ZDHC adds six new contributors for sustainability

Zero Discharge of Hazardous Chemicals (ZDHC) programme has added six...

Textiles | On 23rd Jan 2017

Bombay Dyeing to expand distribution network in Tamil Nadu

Bombay Dyeing, a 137-year old textile manufacturer of the Wadia group ...

Textiles | On 23rd Jan 2017

Textile & clothing trade fair Momad Metrópolis begins Feb 3

Spanish textile and clothing trade fair Momad Metrópolis will be held ...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search