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Eastman Announces Senior Management Changes
Dec 19, 2002
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Eastman Chemical Company announced changes in its senior management ranks and the realignment of responsibilities within some organizations.

"The changes we're announcing continue to refine the structure we implemented in early 2002," said Brian Ferguson, chairman and CEO. "During this year, I maintained oversight responsibility for Eastman Division, in addition to my role as chairman and CEO. We've made good progress with Eastman Division and Voridian Division focusing on their unique business strategies and executing their business plans. It's now time for me to transfer the oversight of Eastman Division to someone who can devote his full energies to the success of this division."

Ferguson announced that James P. Rogers, senior vice president and chief financial officer for Eastman Chemical Company and chief operations officer for Eastman Division, will be appointed executive vice president for Eastman Chemical Company and to the newly created position of president of Eastman Division effective with the hiring of a new CFO. Ferguson said a search is under way for a CFO to succeed Mr. Rogers in that post, and the company anticipates naming the new CFO in the first quarter of 2003.

"Jim is doing an outstanding job as chief operations officer for Eastman Division," Ferguson said. "As he moves into the job of president of this division in early 2003, he will bring strong leadership as well as the financial expertise that will serve the division well."

Eastman Division consists of three businesses:

  • coatings, adhesives, specialty polymers and inks
  • performance chemicals and intermediates
  • specialty polymers.

    In 2001, the division accounted for 58 percent of the company's sales revenue.

    In addition to serving as Eastman's CFO since joining the company in 1999, Rogers was named chief operations officer of Eastman Division in January 2002. In this job, he was responsible for site and shared operations; global customer supply chain; and corporate health, safety and environment services, in addition to site and regional health, safety and environment services functions.

    "I'm excited about taking on this new position as president of Eastman Division," Rogers said. "We've been moving toward this expanded role since I was given the operations responsibilities for the division early this year. I'm looking forward to working even more closely with employees in the division and others throughout the company to create a stronger focus on our markets and our customers."

    Mr. Ferguson also said that Dr. Gregory O. Nelson was appointed senior vice president and chief technology officer for Eastman Chemical Company effective Jan. 1, 2003. In this post, he will serve on the company's senior leadership team. Mr. Nelson is currently vice president and chief technology officer for Eastman Division.

    Other changes in Eastman's financial organization include the appointment of Curtis Espeland as the company's controller effective Dec. 16, 2002. Mr. Espeland succeeds Mark Joslin, who has been appointed vice president for corporate development for Eastman Chemical Company. Mr. Joslin will continue to report to Mr. Rogers until a new CFO is appointed.

    Mr. Espeland joined Eastman in 1996 as director, internal auditing. He has also served as director, financial services, Asia Pacific, based in Singapore from 1999 to 2001. He was named assistant controller for the company and controller for Eastman Division in January 2002.

    Mary Hall was named treasurer of Eastman Chemical Company effective Jan. 1, 2003. Ms. Hall, currently assistant treasurer for the company and treasurer of Eastman Division, joined Eastman's treasury organization in 1995. She was named assistant treasurer in 1999, adding the responsibility of treasurer of Eastman Division in January 2002.

    Ms. Hall succeeds Al Wargo, who was named vice president, finance, for Eastman Chemical Company. He will report to Rogers until a new CFO is appointed.

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