Chemtura Corp., a manufacturer of specialty chemcials, announced Thursday the planned retirement of Karen R. Osar, executive vice president and chief financial officer, on or about March 31.
Chemtura expects to name her successor during the first quarter of 2007.
"Karen has made many significant contributions since joining this organization in 2004, including engineering an essential debt restructuring as her first order of business," said Robert Wood, chairman and CEO. "We will miss her financial and strategic acumen but respect her decision to spend more time on family and outside board activities and appreciate that she is working closely with us on transition."
Chemtura had pro forma 2005 sales of $3.9 billion.