Home / Knowledge / News / Textiles / Eastman Board elects Jim Rogers CEO

Eastman Board elects Jim Rogers CEO

09
Dec '08
Eastman Chemical Company announced that the board of directors has elected James P. Rogers, 57, president and chief executive officer, effective following the annual meeting of stockholders on May 7, 2009. The board also appointed Rogers as a director, effective immediately to serve in the class for which the term in office expires at the annual meeting of stockholders in May 2011. Rogers is currently president of the company and chemicals and fibers business group head.

J. Brian Ferguson, 54, will continue to serve as chairman and CEO through the 2009 annual meeting of stockholders, and then will serve as executive chairman of the board through 2010. These actions come as part of the board's normal succession planning process.

“I am very proud of the many accomplishments our company has made since I became chairman and CEO in 2002,” Ferguson said. “We have restored the fundamental financial health of our company, broadened our business and commercial capabilities, and built a results-driven culture. We've also set a strategic path to sustain and grow Eastman well into the future, and I look forward to remaining a part of that as executive chairman.

“This is the right time to pass the torch to Jim and our talented team of senior executives,” Ferguson said. “The company is well positioned to endure the difficult economic situation because of previous actions we've taken. Jim knows our company well and is a proven and effective leader. His contributions to Eastman have been numerous and significant to our success and I'm very confident he is well prepared to be the next CEO of Eastman Chemical Company.”

“I am honored to have been selected by the board of directors to lead Eastman as the next CEO,” said Rogers. “I look forward to building on the success the company has achieved under Brian's leadership. I also look forward to continuing to work with Brian in his role as executive chairman and with the talented people at Eastman around the world as we serve our customers and our communities, and reward our stockholders.”

Rogers has been in his current role since 2006. Prior to that, he had been executive vice president of the company since 2003. He joined Eastman in 1999 as senior vice president and chief financial officer, and was later appointed chief operations officer of Eastman Division. Before joining Eastman, Rogers served as executive vice president and chief financial officer of GAF Materials Corporation. He also previously served as executive vice president, Finance, of International Specialty Products, Inc.

Speaking on behalf of Eastman's board of directors, Stephen R. Demeritt, chairman of the Nominating and Corporate Governance Committee, said, “Brian has provided great leadership to Eastman since he became CEO in 2002. We look forward to his continuing contributions as executive chairman of the board of directors and to the strategic support he will provide to Jim and the senior leadership team. We are confident that Jim and other senior leaders will continue to execute the company's growth strategy and deliver significant value to Eastman stockholders.”

Eastman Chemical Company


Interviews View All

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Smarth Bansal, Colorjet India Limited

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Jason Remnant,

Jason Remnant

<div>Xaar plc develops digital inkjet technology; it designs and...

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

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

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

Leave your Comments


October 2019

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

news category


Related Categories:

Advanced Search