Calgon Carbon Announces Organizational Changes
PITTSBURGH, PA – 10/24/2002
Calgon Carbon Corporation (NYSE: CCC), following its announcement of third quarter results, also announced today changes in its senior management and a new organizational structure.
Leroy M. Ball (34) has been elected vice president, chief financial officer, effective in mid-November. Mr. Ball succeeds William E. Cann (47) who is leaving Calgon Carbon to become vice president and chief financial officer of Cable Design Technologies. Mr. Cann will remain the company’s CFO until all reporting requirements for the third quarter have been completed.
Mr. Ball joined Calgon Carbon in 1999 as assistant controller and was promoted to controller in 2000. In 2001, he received Calgon Carbon’s People Leader of the Year Award, which recognizes the individual in the company who best exhibits Calgon Carbon’s core values of Trust and Teamwork, excels in people development and creating a productive work environment. Prior to joining Calgon Carbon, Mr. Ball was employed by Dravo Corporation for five years where he held positions of increasing responsibility in accounting. Mr. Ball holds a Bachelor’s degree in accounting from Florida International University and an MBA from Robert Morris University.
In other senior management changes, Mr. Joseph A. Fischette (55), senior vice president, general counsel and secretary, will retire on November 1, following 23 years of service with the company and its predecessors. Mr. Fischette has been chief legal officer and secretary of the Board of Directors for Calgon Carbon since 1985. Since 1999 he has also been involved in leading the carbon and service platforms as well as various staff functions. He will support company activities until an external search for his successor is completed, and he will assist with the transition.
Gail A. Gerono has been elected vice president, investor relations, communications, and invest in people. Ms. Gerono joined Calgon Carbon in 1990 as manager, investor relations. In 1993 she was promoted to director, investor relations, and her duties were expanded to include corporate communications. In her new role, Gail has the added responsibility for human resources and investment in the company’s most important assets, its people. Prior to joining Calgon Carbon, Ms. Gerono directed investor relations activities for 12 years at Dravo Corporation. Ms. Gerono holds a B.A. in French from Mercyhurst College and an MBA from Duquesne University.
Commenting on the leadership changes, Mr. Cederna said, “We are grateful to Joe and Bill for their many contributions to our Company and wish them well in the future. We are pleased that we have the opportunity to expand the responsibilities of some of our talented people. In the past two years, Leroy Ball has rapidly grown his skills as a leader of a team and knowledge of the CFO function. He is ready to be CFO of Calgon Carbon. Gail has made great strides in the valuable roles she performs for our company. She is most deserving to be the first woman in the Company to attain the position of V.P.”
Turning to the company’s new organizational structure, Mr. Cederna commented, “As we look ahead to 2003 and beyond, we have identified the major business opportunities that will improve our performance. We can most effectively and rapidly improve our results by changing to a geographic- based organizational structure.” Effective immediately, all four senior vice presidents of the company have been assigned new responsibilities.
James G. Fishburne (56) and John S. Stanik (49) will direct all business activities for Asia and the Americas. C.H.S. (Kees) Majoor (53) will have responsibility for Europe. Robert P. O’Brien (51) will lead new business development and global growth initiatives.
Commenting on these changes, Mr. Cederna said, “Our new organization will help our leaders and people to focus together on achieving better business results in the various regions of the world. Our regional teams will concentrate on accelerating Asia as our fastest growing region, continuing the rapid turnaround of results in Europe, and successfully taking advantage of the many business improvement opportunities in the Americas.”
Calgon Carbon Corporation, headquartered in Pittsburgh, Pennsylvania, is a global leader in services and solutions for making air and water cleaner and safer. The company employs approximately 1,000 people at 13 operating facilities and 11 sales and service centers worldwide.
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. This document contains certain statements that are forward-looking relative to the company’s future strategy and performance. They involve known and unknown risks and uncertainties that may cause the company’s actual results in future periods to be materially different from any future performance.
For more information, please contact Gail Gerono (412) 787-6795