MOSCOW (MRC) -- Eric R. Schnur took over the role of chairman, president and chief executive officer of Wickliffe, Ohio-based Lubrizol Corp., effective from January 2, 2017, as per Petrolworld.
Schnur will succeed the previous chairman and chief executive officer James L. Hambrick. He has accomplished a career straddling more than 38 years at Lubrizol. This strategic management move was declared in mid-2016.
Hambrick led the revolution of Lubrizol into a principal specialty chemical company during the past 14 years. He extended the company’s range through several tactical acquisitions, the most substantial being Noveon International, Inc. in 2004. Hambrick also effectively strengthened the company’s financial position. Which empowered it to follow its development goals and reinvest in the business to serve global customers in a better way. Lubrizol’s 2011 procurement by Berkshire Hathaway was extra substantiation of the company’s asset and supported the financial performance.
Schnur has been with the business for more than 27 years. He was chosen as Lubrizol president and chief operating officer on June 1, 2016. He was then serving as president of the Lubrizol Advanced Materials business segment for eight years. He joined the business as an engineer in research and development, and advanced his role through a many technical and marketable positions in the Lubrizol Additives and Lubrizol Advanced Materials corporate segments.
Schnur also functioned at quite a lot of domestic and global company amenities, including the Lubrizol Additives site in Singapore, where he headed engine oils marketing and technical services for Southeast Asia and Australia. He grossed his Bachelor of Science degree in chemical engineering from Pennsylvania State University and later his MBA from Case Western Reserve University.
As MRC wrote previously, in February 2016, speciality chemicals major Lubrizol Corporation announced the commencement of its USD50 million chlorinated polyvinyl chloride (CPVC) compounding plant in Dahej, India. This was the company's first CPVC compounding plant in the country, and it claimed that it is the first such in India by any global major. This was part of the USD200 million (Rs1,300 crore) investment announced by Lubrizol in 2013, which included the opening up of a resin manufacturing plant at Rayong, Thailand and an expansion facility at Louisville, Kentucky, USA.
The Lubrizol Corporation, a Berkshire Hathaway company, is an innovative specialty chemical company that apart from its production develops and supplies technologies to customers in the global transportation, industrial and consumer markets. Lubrizol is providing innovative solutions for its customers high-performance application needs and remains committed to ongoing investment in its CPVC capabilities that support future growth. With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 8,000 employees worldwide. Revenues for 2013 were USD6.4 billion.
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