Albemarle Corporation (ALB)

114.39 +0.28 (+0.25%) At close: 04:00PM EDT

Albemarle Corporation

4250 Congress Street
Suite 900
Charlotte, NC 28209
United States
980 299 5700
https://www.albemarle.com

Sector(s): Basic Materials
Industry: Specialty Chemicals
Full Time Employees: 9,000

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Jerry Kent Masters Jr.	Chairman, President & CEO	3.74M	N/A	1960
Mr. Neal R. Sheorey	Executive VP & CFO	415.66k	N/A	1977
Ms. Kristin Buchholz Coleman Esq.	Executive VP, General Counsel & Corporate Secretary	1.37M	N/A	1968
Mr. Eric W. Norris	President of Energy Storage Global Business Unit	1.3M	N/A	1967
Mr. Netha N. Johnson Jr.	President of Specialties Global Business Unit	1.09M	N/A	1971
Mr. John Clarence Barichivich III	VP, Corporate Controller & Chief Accounting Officer	N/A	N/A	1968
Ms. Cynthia Renee Lima	Senior VP and Chief External Affairs & Communications Officer	N/A	N/A	1962
Ms. Melissa H. Anderson	Executive VP & Chief People Officer	N/A	N/A	1965
Mr. Brian Tessin	Chief Tax Counsel & VP of Tax	N/A	N/A	N/A
Dr. Glen Merfeld	Chief Technology Officer of Lithium Business	N/A	N/A	N/A

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Specialties segment provides bromine-based specialty chemicals, including elemental bromine, alkyl and inorganic bromides, brominated powdered activated carbon, and other bromine fine chemicals; lithium specialties, such as butyllithium and lithium aluminum hydride; develops and manufactures cesium products for the chemical and pharmaceutical industries; and zirconium, barium, and titanium products for pyrotechnical applications that include airbag initiators. The Ketjen segment offers clean fuels technologies (CFT), which is composed of hydroprocessing catalysts (HPC) together with isomerization and akylation catalysts; fluidized catalytic cracking (FCC) catalysts and additives; and performance catalyst solutions (PCS), which is composed of organometallics and curatives. The company serves the energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, and crop protection markets. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.

Corporate Governance

Albemarle Corporation’s ISS Governance QualityScore as of April 1, 2024 is 7. The pillar scores are Audit: 7; Board: 5; Shareholder Rights: 8; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.