Nalco Chief Financial Officer Brad Bell to Retire
May 17 2010 - 6:44AM
Nalco (NYSE:NLC), providing essential expertise for water, energy
and air, today announced that Bradley J. Bell, Executive Vice
President and Chief Financial Officer, is planning a year-end
retirement. Bell, 57, joined Nalco in 2003 in connection with the
company's leveraged buyout from Suez S.A. Prior to joining Nalco,
Bell was Chief Financial Officer for Rohm and Haas Company in
Philadelphia.
"We greatly appreciate all the many contributions Brad has
brought Nalco so far and look forward to his continued leadership
to move the company forward up until the day he retires," said
Nalco Chairman and Chief Executive Officer Erik Fyrwald.
Nalco indicated it will undertake a search process in the period
ahead that will consider internal and external candidates for
succession.
About Nalco
Nalco is the world's leading water treatment and process
improvement company, delivering significant environmental, social
and economic performance benefits to our customers. We help our
customers reduce energy, water and other natural resource
consumption, enhance air quality, minimize environmental releases
and improve productivity and end products while boosting the bottom
line. Together our comprehensive solutions contribute to the
sustainable development of customer operations. Nalco is a member
of the Dow Jones Sustainability World Index. More than 11,500 Nalco
employees operate in 150 countries supported by a comprehensive
network of manufacturing facilities, sales offices and research
centers to serve a broad range of end markets. In 2009, Nalco
achieved sales of more than $3.7 billion. For more information
visit www.nalco.com.
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This news release includes forward-looking statements,
reflecting current analysis and expectations, based on what are
believed to be reasonable assumptions. Forward-looking statements
may involve known and unknown risks, uncertainties and other
factors, which may cause the actual results to differ materially
from those projected, stated or implied, depending on many factors,
including, without limitation: ability to generate cash, ability to
raise capital, ability to refinance, the result of the pursuit of
strategic alternatives, ability to execute work process redesign
and reduce costs, ability to execute price increases, business
climate, business performance, economic and competitive
uncertainties, higher manufacturing costs, reduced level of
customer orders, changes in strategies, risks in developing new
products and technologies, environmental and safety regulations and
clean-up costs, foreign exchange rates, the impact of changes in
the regulation or value of pension fund assets and liabilities,
changes in generally accepted accounting principles, adverse legal
and regulatory developments, including increases in the number or
financial exposures of claims, lawsuits, settlements or judgments,
or the inability to eliminate or reduce such financial exposures by
collecting indemnity payments from insurers, the impact of
increased accruals and reserves for such exposures, weather-related
factors, and adverse changes in economic and political climates
around the world, including terrorism and international
hostilities, and other risk factors identified by the Company.
Accordingly, there can be no assurance that the Company will meet
future results, performance or achievements expressed or implied by
such forward-looking statements. This paragraph is included to
provide safe harbor for forward-looking statements, which are not
generally required to be publicly revised as circumstances change,
and which the Company does not intend to update.
CONTACT: Nalco Company
Media Contact:
Charlie Pajor
630 305 1556
cpajor@nalco.com
Investor Contact:
Mike Bushman
630 305 1025
mbushman@nalco.com
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