Balchem Corporation Announces the Addition of New Directors
November 01 2010 - 3:00PM
Balchem Corporation (Nasdaq:BCPC) announces the addition of Paul D.
Coombs and David B. Fischer as directors. These additions coincide
with the retirement of Kenneth Mitchell, effectively expanding the
Board of Directors to seven.
Mr. Coombs, retired since 2008 from Tetra Technologies, Inc.
(NYSE), a global provider of oil and gas production and exploration
services, has over thirty years experience in the oil and gas
industry. At Tetra Technologies, Mr. Coombs served in various
roles, including Executive Vice President of Strategic Initiatives,
Executive Vice President, and Chief Operating Officer. Mr. Coombs
is currently a director of Tetra Technologies.
Mr. Fischer is the President and Chief Operating Officer of
Greif, Inc. (NYSE), a supplier of industrial packaging
systems. He joined Greif in 2004 to lead their Industrial
Packaging & Services – Americas, and was appointed COO in
2007. He has been integral in developing the strategy and
successful execution of various Greif operations, including
facilitation of numerous acquisitions, strategic divestitures,
consolidations and business integrations. Prior to Greif, Mr.
Fischer was with Dow Chemical Company for over 18 years, where he
most recently had been the Business Vice President for the $1.8B
polyurethane business.
Mr. Coombs is appointed to the Audit and Corporate Governance
Committees, and Mr. Fischer is appointed to the Audit and
Compensation Committees. Dino A. Rossi, Chairman of the Board,
President and CEO of Balchem Corporation stated, "Both David
Fischer and Paul Coombs bring significant individual and industry
experience that will undoubtedly contribute to our overall growth
strategy. Mr. Coombs will be of particular assistance as we
focus on the development and supply of products to the industrial,
oil and gas industry. Mr. Fischer's chemical industry
background, international operations insight and leadership will
strengthen our ability to compete and grow on a global
basis."
Segment Information
Balchem Corporation consists of three business segments: ARC
Specialty Products; Food, Pharma and Nutrition; and Animal
Nutrition and Health. Through ARC Specialty Products, Balchem
provides specialty-packaged chemicals for use in healthcare and
other industries. The Food, Pharma and Nutrition segment provides
proprietary microencapsulation, granulation and agglomeration
solutions to a variety of applications in the human food,
pharmaceutical and nutrition marketplaces. The Animal Nutrition and
Health segment manufactures and supplies products to numerous
animal health markets and certain derivative products into
industrial applications.
CONTACT: Balchem Corporation
Karin McCaffery, Executive Administration Manager
845-326-5600
kmccaffery@balchem.com
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