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Eastman Names Senior Management, 2 Execs Retire

Chemical company announced senior vice president and chief financial officer as well as executive vice president and polymers business group head will retire this fall.

KINGSPORT, Tenn. -- Eastman Chemical Company announced the retirement of two executives and several resulting senior management appointments.

Richard A. Lorraine, 62, announced he will step down as senior vice president and chief financial officer, effective Sept.1, 2008. Lorraine will remain with the company until the end of the year performing in various roles and special projects.

Gregory O. Nelson, 56, also announced his retirement as executive vice president and polymers business group head, effective Aug. 1, 2008.

Curtis E. Espeland, 44, will succeed Lorraine as senior vice president and chief financial officer, effective Sept. 1, 2008. Espeland is currently vice president, finance and chief accounting officer.

Mark J. Costa, 42, will assume Nelson’s position and become executive vice president, responsible for the polymers business group, as well as marketing. Costa is currently senior vice president, corporate strategy and marketing.

Ronald C. Lindsay, 49, has been named senior vice president, corporate strategy and regional leadership. In this role, Lindsay will be responsible for the company’s industrial gasification initiatives. Lindsay is currently senior vice president and chief technology officer.

Norris P. Sneed, 52, has been appointed senior vice president and chief administrative officer, with responsibilities for human resources, communications and public affairs and information technology, effective Sept. 1, 2008. Sneed is currently senior vice president, human resources, communications and public affairs.

Gregory W. Nelson, 45, will assume the position of senior vice president and chief technology officer. Nelson is currently vice president, corporate technology.

Scott V. King, 39, will replace Espeland as chief accounting officer effective Sept. 1, 2008, in addition to continuing in his current position of vice president and controller.

James P. Rogers continues as president, Eastman Chemical Company, and chemicals and fibers business group head; Theresa K. Lee will continue as senior vice president, chief legal officer, and corporate secretary.

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