Arch Chemicals, Inc. (NYSE:ARJ) announced that Louis S. Massimo, Arch
Chemicals’ Executive Vice President and Chief Operating Officer, will be
leaving the Company to pursue other opportunities.
The Company will reassign Mr. Massimo’s responsibilities within its
senior management team and will announce these changes shortly.
"Louis has made many significant contributions to Arch Chemicals in
operating, financial and portfolio management positions since its
spin-off from Olin Corporation. He played a pivotal role in Arch’s
profitable growth and development over the last 10-plus years,” said
Arch Chemicals’ Chairman, President and CEO Michael E. Campbell. "We
wish Louis much success in his future endeavors,” Mr. Campbell added.
About Arch
Headquartered in Norwalk, Connecticut (USA), Arch Chemicals, Inc. is a
global Biocides company with annual sales of approximately $1.5 billion.
Arch and its subsidiaries provide innovative, chemistry-based and
related solutions to selectively destroy and control the growth of
harmful microbes. The Company’s concentration is in water treatment,
hair and skin care products, treated wood, preservation and protection
applications such as for paints and building products, and health and
hygiene applications. Arch Chemicals operates in two segments: Treatment
Products and Performance Products. Together with its subsidiaries, Arch
has approximately 3,000 employees and manufacturing and customer-support
facilities in North and South America, Europe, Asia, Australia and
Africa. For more information, visit the Company’s Web site at http://www.archchemicals.com.
Except for historical information contained herein, the information
set forth in this communication contains forward-looking statements that
are based on management's beliefs, certain assumptions made by
management and management's current expectations, outlook, estimates and
projections about the markets and economy in which the Company and its
various businesses operate. Words such as "anticipates," "believes,"
"estimates," "expects," "forecasts," "intends," "opines," "plans,"
"predicts," "projects," "should," "targets" and variations of such words
and similar expressions are intended to identify such forward-looking
statements. These statements are not guarantees of future performance
and involve certain risks, uncertainties and assumptions ("Future
Factors"), which are difficult to predict. Therefore, actual outcomes
and results may differ materially from what is expected or forecasted in
such forward-looking statements. The Company undertakes no obligation to
update publicly any forward-looking statements, whether as a result of
future events, new information or otherwise. Future Factors which could
cause actual results to differ materially from those discussed include
but are not limited to: general economic and business and market
conditions; continued weakening in U.S., European and Asian economies;
increases in interest rates; changes in foreign currencies against the
U.S. dollar; customer acceptance of new products; efficacy of new
technology; changes in U.S. or foreign laws and regulations; increased
competitive and/or customer pressure; loss of key customers; the
Company's ability to maintain chemical price increases;
higher-than-expected raw material and energy costs and availability for
certain chemical product lines; a change in the antidumping duties on
certain products; increased foreign competition in the calcium
hypochlorite markets; inability to obtain transportation for our
chemicals; unfavorable court decisions, including unfavorable decisions
in appeals of antidumping rulings, arbitration or jury decisions or tax
matters; the supply/demand balance for the Company's products, including
the impact of excess industry capacity; failure to achieve targeted
cost-reduction programs; capital expenditures in excess of those
scheduled; environmental costs in excess of those projected; the
occurrence of unexpected manufacturing interruptions/outages at customer
or Company plants; a decision by the Company not to start up the
hydrates manufacturing facility; unfavorable weather conditions for
swimming pool use; inability to expand sales in the professional pool
dealer market; the impact of global weather changes; changes in the
Company’s stock price; ability to obtain financing at attractive rates;
financial market disruptions that impact our customers or suppliers; and
gains or losses on derivative instruments.
