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8-K - FORM 8-K - LUBRIZOL CORP | l41953e8vk.htm |
EXHIBIT 99.1
The Lubrizol Corporation
29400 Lakeland Boulevard, Wickliffe, Ohio 44092-2298
29400 Lakeland Boulevard, Wickliffe, Ohio 44092-2298
News Release
FOR RELEASE: Immediately
FOR RELEASE: Immediately
FROM:
|
Financial/Investor Contact | Media Contact | |||
Mark Sutherland 440/347-1206 Web Site: www.lubrizol.com |
Julie Young 440/347-4432 |
N. Mohan Reddy Joins Lubrizol Board of Directors
CLEVELAND, February 24, 2011 The Lubrizol Corporation (NYSE:LZ) announces today that N.
Mohan Reddy, Ph.D., has been appointed to its board of directors. Dr. Reddys appointment
represents an addition to the board, bringing the total to 11 members.
Dr. Reddy, 57, is the Dean and Albert J. Weatherhead III Professor of Management of the Weatherhead
School of Management at Case Western Reserve University, where he
began his career in academia 25
years ago. His interests are focused in the areas of new product development, distribution channel
management and social enterprise. His work on institutional infrastructure and mechanisms, which
led to successful commercialization of technology, has been published in a range of American and
European journals. As a part of his research and teaching activities, Dr. Reddy has worked with the
International Standards Organization (ISO), Organization for Economic Cooperation & Development
(OECD), European Standards Organization and a wide range of industrial firms in the United States,
Europe and Southeast Asia.
Dr. Reddy serves on the board of directors for Brush Engineered Materials and Medworks, as well as
on the board of advisors to Dealer Tire. He has served as a board member of Smith Industries,
Keithley Instruments, JumpStart and Manufacturing Advocacy and Growth Network (MAGNET).
Dr. Reddy is a native of India and holds a B.S.E.E. from the University of Mysore, India and an MBA
and Ph.D. from Case Western Reserve University.
Dr. Reddys extensive knowledge of material sciences and global business strategy coupled with his
board and governance experience will be a valuable asset to our board as we build our leadership
position as a global specialty chemical company, commented James L. Hambrick, Lubrizols chairman,
president and chief executive officer. The board and I welcome Dr. Reddy and are confident that
his contributions will support our goals of driving top-line and earnings growth.
- more -
About The Lubrizol Corporation
The Lubrizol Corporation (NYSE: LZ) is an innovative specialty chemical company that produces and
supplies technologies to customers in the global transportation, industrial and consumer markets.
These technologies include lubricant additives for engine oils, other transportation-related fluids
and industrial lubricants, as well as fuel additives for gasoline and diesel fuel. In addition,
Lubrizol makes ingredients and additives for personal care products and pharmaceuticals; specialty
materials, including plastics technology and performance coatings in the form of specialty resins
and additives. Lubrizols industry-leading technologies in additives, ingredients and compounds
enhance the quality, performance and value of customers products, while reducing their
environmental impact.
With headquarters in Wickliffe, Ohio, The Lubrizol Corporation owns and operates manufacturing
facilities in 17 countries, as well as sales and technical offices around the world. Founded in
1928, Lubrizol has approximately 6,900 employees worldwide. Revenues for 2010 were $5.4 billion.
For more information, visit www.lubrizol.com.
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