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Rockwood Press Release
Rockwood Appoints Andrew M. Ross
Managing Director of Rockwood Color Pigments
Princeton, NJ USA (January 29, 2007) – Rockwood Holdings, Inc. (NYSE: ROC), has announced that Andrew M. Ross has been appointed Managing Director of Rockwood Color Pigments and Services.
In his new position, he will have full responsibility for Rockwood’s global color pigments and services business, including operations in the US, Germany, Italy, UK, China and Australia. He succeeds Ronald L. Rapaport, who will join Rockwood’s corporate team as vice president, business development.
Mr. Ross has been managing director for the Europe and Asia Pacific regions, based in Turin, Italy, for the past three years. He has held various management responsibilities in color pigments since joining Rockwood in 1990, including managing director of the company’s Brockhues, Germany, operations, and director of planning for the business. Prior to joining Rockwood, he worked in corporate finance at Smith Barney. Born in Vienna, Austria, he holds a BA degree from Tufts University, an MBA from the Kellogg School of Northwestern University and also studied at the Institut des Etudes Politiques in Paris.
In announcing the appointment, Seifi Ghasemi, chairman and chief executive of Rockwood, said, “Andy has a deep knowledge of our color pigments business. He is a very strong leader and certainly has the management capacity to expand and improve this important sector of our business. In addition, I would like to thank Ron Rapaport for building our color pigments business for the past twenty years, and I am sure our corporate team will benefit from his experience.”
Rockwood Color Pigments is one of the world’s largest suppliers of iron oxide and other color pigments and services to the concrete paver, ready-mix and decorative stone markets.
Rockwood Holdings, Inc. is a leading global specialty chemicals and advanced materials company. Rockwood has a worldwide employee base of approximately 9,500 people and annual net sales of approximately $3 billion. The company focuses on global niche segments of the specialty chemicals, pigments and additives and advanced materials markets. For more information on Rockwood, please visit www.rocksp.com.
The information set forth in this press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the business, operations and financial condition of Rockwood Holdings, Inc. and its subsidiaries and affiliates ("Rockwood"). Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "predicts" and variations of such words or expressions are intended to identify forward-looking statements. Although Rockwood believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. "Forward-looking statements" consist of all non-historical information, including the statements referring to the prospects and future performance of Rockwood. Actual results could differ materially from those projected in Rockwood's forward-looking statements due to numerous known and unknown risks and uncertainties, including, among other things, the "Risk Factors" described in Rockwood's 2005 Form 10-K dated March 31, 2006 on file with the Securities and Exchange Commission. Rockwood does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
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