Eastman Chemical Company’s executive shuffle effective in May
Eastman Chemical Company announced the appointment of Richard Johnson as an executive officer, as well as the promotions of James Rogers to the role of president and chief executive officer and Brian Ferguson to executive chairman, according to the company
Each executive promotion and hire at the Kingsport, Tenn.-based company is effective May 7. Rogers currently serves as president of the company and head of the chemicals and fibers group, and Ferguson continues to serve as chairman and CEO up until the annual stockholders meeting.
Additionally, as part of the promotions and hires within the company, current executives Ronald Lindsay and Mark Costa will expand their current responsibilities. Lindsay currently serves as executive vice president and chief technology officer, and Costa currently serves as EVP of Polymers Business Group and chief marketing officer of the company.
Eastman Chemical Company is a global manufacturer and marketer of chemicals, fibers and plastics. The company sells coatings, adhesives and specialty plastics products and is a major supplier of cellulose acetate fibers as well as Polyethylene Terephthalate (PET) polymers for packaging materials.
In his newly-expanded role, Costa will focus on Eastman Chemical Company
’s coatings, adhesives, specialty polymers and inks segment as well as sales, pricing, marketing development and innovation and sustainability functions.
Costa’s current responsibilities include the specialty plastics segment, polyester stream operations and corporate marketing.
Johnson will continue to be responsible for the company’s fibers segment, and will take on responsibility for the supply chain function, acetyl stream operations and management of regions outside the United States.
Lindsay will continue to oversee Eastman’s industrial gasification strategy and the Beaumont, Texas gasification project. Additionally, he’ll be responsible for the performance chemicals and intermediates segment, for the performance polymers segment, for engineering and construction and will also oversee the management of olefins stream operations.
“I’m very fortunate to inherit a strong leadership team that I’ve worked closely with for several years,” Rogers said in a statement. “With this new structure, we will have more executives directly responsible for profit and loss, without increasing the size of our executive team.”
He added that this overhaul will significantly improve efficiency because Eastman will be utilizing its current executive-level talent in lieu of bringing new hires on board. These executive changes, along with management changes related to the previously announced workforce reduction, will leverage company’s current business and functional capabilities.
According to The List database, Brookfield, Wis.-based Bader Rutter & Associates Inc. has developed Eastman’s campaigns since 2007, and New York-based ABI, Inc. is currently handling Eastman’s interactive efforts.
With a major executive overhaul in the coming months, Eastman Chemical Company may be looking to do a lot more with less. The company seems excited at the prospect of using its existing employees to ultimately improve efficiency, and your firm should keep this in mind when reaching out for potential project work or to discuss an alliance of some sort.
Eastman Chemical Company
200 South Wilcox
Kingsport, TN 37660
Ronald C. Lindsay
Executive Vice President & Chief Technology Officer
Mark J. Costa
Executive Vice President, Polymers Business Group & Chief Marketing Officer
Richard L. Johnson
James P. Rogers
President & Chief Executive Officer