Lubrizol Looks to Leadership Team for Continued Growth
CLEVELAND, OH, December 20, 2005 - Always striving for continued growth in the specialty chemical industry, The Lubrizol Corporation (NYSE: LZ) announced the following appointments to its leadership team today:
Dan Sheets, vice president - sales for Lubrizol's additive business.
Greg Ondercin, vice president - engine additives for Lubrizol's additives business.
This team's extensive technical, sales and industry background is key to Lubrizol's continued success. Following is brief background on each of these experienced leaders:
Dan Sheets is responsible for the global sales efforts of Lubrizol's additives business. Most recently, Sheets held the position of vice president - engine additives. He joined Lubrizol in 1984 and has worked in various sales and marketing roles in the coatings, lubricant and fuel additives area. He was general manager of Langer & Company (a Lubrizol subsidiary in Germany), and held the position of global business manager for the company's coating and ink additives business. Before joining Lubrizol, Sheets worked for Diamond Shamrock Corporation. He holds a B.S. degree in electrical engineering from Penn State University. Sheets replaces Jeff Cash, who has moved to a business leadership role in Noveon's Specialty Materials business.
Greg Ondercin is responsible for Lubrizol's engine additives business. A 16-year Lubrizol veteran, Ondercin most recently held the position of global business manager in Lubrizol's viscosity modifier business. At Lubrizol, his prior positions have included global business manager in Lubrizol's fuel products business and management roles in commercial development. Before joining Lubrizol, Ondercin worked in business management and manufacturing positions at BFGoodrich and Diamond Shamrock Corporation. Ondercin holds a B.S. degree in chemical engineering from the University of Dayton and an MBA from the University of Houston.
The Lubrizol Corporation (NYSE: LZ) is an innovative specialty chemical company that produces and supplies technologies that improve the quality and performance of our customers' products 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; performance coatings in the form of specialty resins and additives; and additives for the food and beverage industry. Lubrizol's 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 21 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has more than 7,600 employees worldwide. In June 2004, Lubrizol acquired Noveon International, Inc. Revenues for the first nine months of 2005 were $3.0 billion. With Noveon, Lubrizol generated annual pro forma revenues of $3.7 billion in 2004 and $3.2 billion in 2003. For more information, visit www.lubrizol.com.
# # #
