Octel (NYSE:OTL)
Historical Stock Chart
From Jun 2019 to Jun 2024
![Click Here for more Octel Charts. Click Here for more Octel Charts.](/p.php?pid=staticchart&s=NY%5EOTL&p=8&t=15)
Octel Corp. (NYSE: OTL) today announced the appointment
of James F Lawler as Executive Vice President and Chief Financial
Officer with effect from August 1, 2005.
Mr Lawler joined the Corporation as acting Chief Financial Officer
on May 9, 2005. He has spent the majority of his career with Xerox
Corporation and has extensive experience in senior finance roles, both
in the USA and UK. Between 1998 and 2000 he acted as executive
director and general manager of Xerox Corporation's purchasing and
facilities management services division. In 2000 he became CFO and
executive director and chairman of Xerox Capital Europe. Between 2004
and 2005 Mr Lawler was employed as a consultant to the United Kingdom
government, acting as operations director to its commercial
directorate.
"I am delighted that Jim has agreed to stay and continue to help
us take our business to the next stage of our development", said Mr
Paul Jennings, CEO of Octel Corp. "In a relatively short time, he has
developed a good understanding of our business and the issues we face,
and has made a real contribution to the Corporation."
Octel Corp., a Delaware corporation, is a global chemical company
specializing in high performance fuel additives and special and effect
chemicals. The company's strategy is to manage profitably and
responsibly the decline in world demand for its major product -
tetraethyl lead (TEL) in gasoline - through competitive
differentiation and stringent product stewardship, to expand its
Petroleum Specialties and Performance Chemicals businesses organically
through product innovation and focus on customer needs, and to seek
synergistic growth opportunities through joint venture, alliances,
collaborative arrangements and acquisitions.
CAUTIONARY STATEMENT RELATIVE TO FORWARD-LOOKING STATEMENTS
Certain written and oral statements made by our Company and
subsidiaries or with the approval of an authorized executive officer
of our Company, including statements made in filings with the
Securities and Exchange Commission, may constitute "forward-looking
statements" as defined in the Private Securities Litigation Reform Act
of 1995. Generally, the words "believe", "expect", "intend",
"estimate", "project", "will" and similar expressions identify
forward-looking statements, which generally are not historical in
nature. All statements which address operating performance, events or
developments that we expect or anticipate will occur in the future -
including statements relating to volume growth, share of sales or
earnings per share growth, and statements expressing general optimism
about future operating results - are forward-looking statements.
Forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from our Company's historical experience and our present expectations
or projections. As and when made, management believes that these
forward-looking statements are reasonable. However, caution should be
taken not to place undue reliance on such forward-looking statements
since such statements speak only as of the date when made. Although we
believe that our expectations are based on reasonable assumptions
within the bounds of our knowledge of our business and operations,
there can be no assurance that actual results will not differ
materially from our expectations. Among the risk factors which could
cause actual results to differ materially from expectations are the
risks and uncertainties discussed in the annual report on Form 10-K
for the year ended December 31, 2004 and those described from time to
time in the Company's other filings with the SEC. These include,
without limitation, the timing of orders received from customers, the
gain or loss of significant customers, the effects of changing
government regulations and economic and market conditions, competition
from other manufacturers and changes in the demand for our products,
including the rate of decline in demand for TEL, and business and
legal risks inherent in non-US activities, including political and
economic uncertainty, import and export limitations and market risks
related to changes in interest rates and foreign exchange rates,
successful completion of planned disposals, the impact of changes in
senior management, government investigations and material fines or
other penalties resulting from its voluntary disclosure to OFAC, and
the existence and impact of any deficiencies or material weaknesses or
remedial actions taken by the Company in respect of a potential
violation of the Code of Ethics by the former Chief Executive Officer
which may have resulted in a potential violation of certain laws and
regulations by the former Chief Executive Officer and the Company, and
compliance with Section 404 of the Sarbanes-Oxley Act of 2002. In
addition, increases in the cost of product, changes in the market in
general and significant changes in new product introduction could
result in actual results varying from expectations. Should one or more
of these risks materialize (or the consequences of such developments
worsen), or should the underlying assumptions prove incorrect, actual
results could differ materially from those expected. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.