Aug. 31, 2010 (Business Wire) -- Rockwood Holdings, Inc. (NYSE: ROC) today announced that Andrew M. Ross is promoted to President of Rockwood’s Performance Additives segment.
In his new role, Ross will be responsible for Rockwood’s Color Pigments and Services business, the Clay-Based Additives business (including Southern Clay Products) and the Wood Treatment business, which includes Chemical Specialties, Inc., the Mineral Research and Development division and the Viance LLC joint venture.
Since 2007 Ross has been president of Rockwood Color Pigments and Services, one of the world’s largest suppliers of iron oxide pigments and services to the concrete paver, ready-mix and decorative stone markets as well as other color pigments to coatings, pharmaceuticals, plastics and other industries. He has held various management responsibilities in color pigments since joining the company in 1990. Prior to joining Rockwood, he worked in corporate finance at Smith Barney. Born in Vienna, Austria, he holds a BA degree from Tufts University, and an MBA from the Kellogg School of Northwestern University. He also studied at the Institut d’Etudes Politiques in Paris.
In announcing the appointment, Seifi Ghasemi, chairman and chief executive of Rockwood, said, “Andy Ross has played a key role in doubling the size of the Color Pigments business and integrating major strategic acquisitions. He has a successful track record in his 20 years with Rockwood and we look forward to his leadership to expand our performance additives business.”
Rockwood Holdings, Inc. is a leading global specialty chemicals and advanced materials company. Rockwood has a worldwide employee base of approximately 9,500 people and annual net sales of approximately $3 billion. The company focuses on global niche segments of the specialty chemicals, pigments and additives and advanced materials markets. For more information on Rockwood, please visit www.rocksp.com.
The information set forth in this press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the business, operations and financial condition of Rockwood Holdings, Inc. and its subsidiaries and affiliates ("Rockwood"). Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "predicts" and variations of such words or expressions are intended to identify forward-looking statements. Although Rockwood believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. "Forward-looking statements" consist of all non-historical information, including any statements referring to the prospects and future performance of Rockwood. Actual results could differ materially from those projected in Rockwood's forward-looking statements due to numerous known and unknown risks and uncertainties, including, among other things, the "Risk Factors" described in Rockwood's 2009 Form 10-K on file with the Securities and Exchange Commission. Rockwood does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Rockwood Holdings, Inc.
Timothy McKenna, 609-734-6430
tmckenna@rocksp.com
