Question 1

What does Albemarle Corporation do?

Accepted Answer

Albemarle Corporation is a leading American specialty chemicals company headquartered in Charlotte, North Carolina. Known for its innovation in chemical solutions, Albemarle operates through three main divisions: lithium, bromine specialties, and catalysts. Its lithium segment, the largest, accounts for nearly 68.4% of the company's revenue and focuses heavily on lithium production for electric vehicle batteries, where it holds a top position globally. The bromine specialties division contributes 19.3% of revenues, developing flame-retardant technologies and chemicals used in fire protection. Lastly, the catalysts division, which comprises 12.3% of revenues, produces catalysts essential for refining petroleum. Albemarle's products support applications in sectors including electronics, energy, transportation, construction, and pharmaceuticals.

Question 2

What industry is Albemarle Corporation in?

Accepted Answer

Albemarle Corporation operates within the specialty chemicals industry. It focuses on creating and supplying advanced materials and chemical solutions that are integral to energy storage, refining, electronics, construction, and environmental safety. Key areas within its industry operations include lithium extraction and production for electric vehicle batteries, bromine-based flame retardants for fire safety, and petroleum refining catalysts that help improve fuel efficiency and lower emissions. Albemarle's innovations play a crucial role in advancing technology and supporting sustainability across multiple industries.

Question 3

Who is the CEO of Albemarle Corporation?

Accepted Answer

Kent Masters serves as the Chairman and Chief Executive Officer of Albemarle Corporation, a position he has held since April 2020. Masters joined Albemarle's board in 2015 and was previously the Lead Independent Director. He brings extensive global business expertise and a strong understanding of Albemarle's strategic goals and operational framework. Before joining Albemarle, Masters held executive roles in companies such as Advent International and Foster Wheeler AG. His leadership continues to guide Albemarle's focus on innovation, sustainability, and growth in specialty chemicals.

Question 4

Who is the CFO of Albemarle Corporation?

Accepted Answer

Neal Sheorey is the Executive Vice President and Chief Financial Officer of Albemarle Corporation. Appointed in 2023, Sheorey oversees Albemarle's financial management, strategic planning, and fiscal operations. With over 20 years of experience in financial leadership roles, particularly at Dow, a global materials science company, Sheorey brings a depth of expertise in finance, business strategy, and corporate development. His previous roles at Dow include Vice President of Investor Relations and Global Finance Director for the Chemicals business group.

Question 5

What technologies does Albemarle Corporation use?

Accepted Answer

Albemarle Corporation uses technologies like SAP Enterprise Performance Management, Workday, DocuSign, SAP Crystal Reports, Ariba Procurement Solutions, Primavera Enterprise Project Portfolio Management, Skype, and more.

SMARTe Copilot

Start Smarter Prospecting Today

Albemarle Corporation

About