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Olson Named Senior Vice President of Rockwood Specialties Group, Inc.


Rockwood Specialties Group, Inc., a leading global specialty chemicals and advanced materials company headquartered in Princeton, NJ, has appointed Bruce Olson to the position of Senior Vice President, effective September 1.

Olson will report directly to Seifi Ghasemi, Rockwood Chairman and Chief Executive Officer, and will have responsibility for the following businesses: Chemetall Surface Treatment and Rockwood Electronic Materials. Olson will be initially based in Frankfurt, Germany.

Olson has extensive experience in the specialty chemicals industry, most recently serving as a member of the Board of Management of Bayer Chemicals, a $4 billion subgroup company of Bayer AG. He joined Bayer in 2000 as head of the Polymer Additives Business Unit and was appointed general manager of the Specialty Products Business Group in 2002.

Prior to joining Bayer, Olson spent 22 years with Air Products and Chemicals serving in sales, marketing, and general management positions of increasing responsibility. Notably, he has spent almost half of his career in the specialty chemicals industry in Europe, successfully leading general management and growth initiatives.

According to Ghasemi, “Bruce’s extensive experience in the specialty chemicals business, particularly in Europe, will be a strong asset to Rockwood as we continue to grow our specialty chemicals business.”

Olson added, “I am very excited by the opportunity to join Rockwood and work with Seifi Ghasemi and his management team. The company has a strong portfolio of specialty chemicals businesses and is well-positioned to serve the needs of global customers, particularly in the area of electronic materials and surface treatment.”

Olson earned a bachelor’s degree in biology from Valparaiso University (Valparaiso, IN) in 1974 and a master’s degree in business administration from Lehigh University (Bethlehem, PA) in 1986.

Rockwood Specialties Group, Inc. is a leading global specialty chemicals and advanced materials company. Rockwood has a worldwide employee base of approximately 10,000 people and revenue of approximately $2.5 billion in 2003 on a pro forma basis. The company focuses on global niche segments of the specialty chemicals and advanced materials markets, including specialty chemicals, performance additives, pigments, advanced ceramics, custom synthesis, specialty compounds and electronics. For more information on Rockwood, please visit www.rocksp.com.


Contact: Shawn Salvatore, HB&M
Phone: +1 (215) 440-9800
Mail:


Further Contact: Camille Dager, Harris, Baio & McCullough
Phone: +1 (215) 440-9800
Mail:

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