Eastman announces retirement of Damon Warmack as senior VP

December 20, 2018 - United States Of America

Eastman Chemical Company has announced that, after more than 38 years of service, Damon Warmack, senior vice president, corporate development and chemical intermediates, will retire mid-year in 2019. The US-based company is a global advanced materials and specialty additives firm that produces a broad range of products found in items people use every day.

“On behalf of the executive team, I want to thank Damon for his significant contributions to Eastman for nearly four decades. He has had an extraordinary career. I am personally very grateful for his pragmatic leadership of chemical intermediates, as well as his vital role in the portfolio transformation that has been foundational to executing our strategy to become a leading specialty materials company. Damon’s vast experience, exemplary leadership, strategic thinking, and unique perspectives have made him a valuable member of our executive team. All of us at Eastman wish him a long and happy retirement,” Eastman Board chair and chief executive officer Mark Costa said in a company press release.

Effective January 1, 2019, Lucian Boldea, currently senior vice president, additives & functional products, will become an executive vice president and assume leadership of chemical intermediates in addition to his current responsibilities. Warmack will continue to serve on the executive team as senior vice president, corporate development during the transition of leadership of the chemical intermediates business and until his retirement.

“We are fortunate to have Lucian as a proven and experienced leader ready to assume these additional leadership responsibilities. Given Damon’s and Lucian’s close working relationship, I am confident that this will be a smooth transition and look forward to the results of closer alignment of additives and functional products and chemical intermediates,” Costa added. (GK)