Albemarle announced the company’s new operating structure. Albemarle’s operating structure will transition from two core global business units – Energy Storage and Specialties – to a fully integrated functional model designed to increase agility, deliver cost savings and maintain long-term competitiveness. The move is the next step in the company’s review of its cost and operating structure. Specialties Business President Netha Johnson will become chief operations officer and continues to report to chairman and CEO Kent Masters. In this role, he will lead global manufacturing, research and technology, capital projects and process chemistry execution. Johnson joined Albemarle in 2018 and has more than 25 years of experience in global manufacturing, leadership and general management. Energy Storage Business president Eric Norris will become chief commercial officer and continues to report to Masters. In this role, he will oversee enterprise product management, sales and commercial excellence. Norris joined Albemarle in 2018 and has more than 25 years of experience in strategy, corporate development and general management. Melissa Anderson will become chief transformation officer, effective November 1, which reflects her current oversight of people, strategy and transformation. Stacy Grant will become general counsel, corporate secretary and chief compliance officer, effective immediately, and succeeds Kristin Coleman, who is leaving the company. Grant joined Albemarle in 2023 and previously served as vice president & deputy general counsel, global corporate affairs. Cynthia Lima remains chief external affairs and communications officer and will add oversight responsibility for product stewardship. Mark Mummert will become chief capital, resources and integrated supply chain officer, effective November 1, which includes expanded responsibility for resources, joint venture management, customer service and operational excellence. Neal Sheorey remains chief financial officer and will add oversight responsibilities for information technology, global business services and real estate. Albemarle will continue to report results across its three existing operating segments: Energy Storage, Specialties and Ketjen.