Corrected: MOVES: Costa chosen to succeed Rogers as Eastman CEO

14 May 2013 22:47  [Source: ICIS news]

Correction: In the ICIS story headlined “MOVES: Costa chosen to succeed Rogers as Eastman CEO” dated 14 May 2013, please read in the second paragraph … Costa, 47, will serve as president … instead of … Costa, 46, will serve as executive vice president. Also, the ninth paragraph has been updated, as Eastman is no longer the world’s larger producer of PET polymers for packaging. A corrected story follows.

HOUSTON (ICIS)--Mark Costa will replace James Rogers as CEO of Eastman Chemical effective 1 January 2014, the US-based producer announced on Tuesday.

Effective immediately, Costa, 47, will serve as president of Eastman and as a member of the board of directors.

Rogers, 62, will continue to serve as CEO and chairman of the board until 1 January 2014, when he will transition to the role of executive chairman of the board.

“Being CEO of Eastman has been a great honour and truly one of the most rewarding experiences of my life,” Rogers said in a company press release. “I am proud of what the entire Eastman team has accomplished over the past several years, and I have complete confidence that the company is well positioned to continue delivering consistent, superior value to our stockholders.”

Rogers joined Eastman in 1999 as senior vice president and chief financial officer. He was named executive vice president and president of Eastman Division in 2003 and served as president and head of the Eastman’s Chemicals and Fibers Business Group before being chosen as president and CEO of the entire company in 2009. He became chairman of the board in 2011.

Costa has been leading Eastman’s Additives & Functional Products and Advanced Materials segments. He also has served as chief marketing officer and was responsible for the company’s corporate innovation organization.

Costa has been instrumental in developing Eastman’s growth strategies, the company said, and has led Eastman’s global supply chain and served as senior vice president of the Polymers Group.

“I am honoured to have been selected by the board of directors to lead Eastman as the next CEO and as a director,” Costa said. “I personally want to thank Jim for all that he has done for Eastman and for his incredible example of real leadership.”

Based in Kingsport, Tennessee, Eastman makes a variety of chemicals, plastics and fibres.

By: Jeremy Pafford
+1 713 525 2653

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