2008-11-18 02:00:00 -

Chemtura Corporation (NYSE: CEM) has announced the appointment of Carol Anderson to the position of vice president and treasurer, effectively immediately. Anderson served as assistant treasurer since 2004 and assumes the treasurer role from Stephen Forsyth, executive vice president and chief financial officer.
"As assistant treasurer, Carol Anderson has done an outstanding job in leading the company"s initiatives

to improve cash management, standardize cash collections and disbursements, rationalize bank accounts, and adopt enhanced cash pooling and netting processes," Forsyth said. "These high-priority actions are critical in making better use of Chemtura"s cash flow and reducing outstanding debt. We look forward to continued progress in those areas."
Anderson joined Chemtura in December 2000 as director of international treasury operations. She came to Chemtura from International Paper Company, where she served for 12 years as manager of international financial analysis, Treasury, with responsibility for global cash management and monetary transfers; hedging activities; currency forecasts for 50 business units; and developing and maintaining relationships with investment and commercial banks.
Anderson has a Bachelor of Science in finance from Concordia College in Bronxville, N.Y.
Chemtura Corporation, with 2007 sales of $3.7 billion, is a global manufacturer and marketer of specialty chemicals, crop protection and pool, spa and home care products. Additional information concerning Chemtura is available at cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ...


Chemtura Corporation

Investors:

Stephen Forsyth, 203-573-2213

or

Media:

Debra Durbin, 203-573-3005