CP50: Lubrizol Corp.
Lubrizol Corp. -- a wholly-owned subsidiary of Berkshire Hathaway -- is a Wickliffe, Ohio-based specialty chemical company that produces and supplies technologies that are designed to improve the quality and performance of products in the global transportation, industrial and consumer markets. Revenues in 2007 reached $4.5 billion. Lubrizol’s products are used in a broad range of applications, and are sold into markets such as those for engine oils, specialty driveline lubricants and metalworking fluids, as well as personal care and over-the-counter pharmaceutical products and performance coatings and inks. The company’s engineered polymers products also are used in a variety of industries, including construction, sporting goods, medical products and automotive. We are an industry leader in many of the markets in which our product lines compete. Lubrizol operates facilities in 27 countries, including production facilities in 19 countries and laboratories in 12 countries. The company employs more than 6,900 people.
President, CEO and Chairman
James Hambrick, 53, joined Lubrizol as a co-operative education student in 1973 and was hired full-time in 1978. His career has encompassed a variety of responsible positions in operations, marketing, technology, and business development. During the 1990s Hambrick led market development activities in the former Soviet Union and in China. He was elected vice president of Asia-Pacific in April 2000, president in January 2003, CEO in April 2004 and chairman of the board in January 2005. He received a bachelors of science degree in Chemical Engineering from Texas A&M University in 1978.
Corporate Vice President, General Counsel and Chief Ethics Officer
Suzanne F. Day is corporate vice president, general counsel, and chief ethics officer of The Lubrizol Corporation. She joined Lubrizols global legal division in 1998 to handle litigation throughout the corporation, eventually heading the litigation and disputes practice section.
Corporate Vice President, Research and Development
Robert Graf is corporate vice president, research and development. He joined Lubrizol in 1985. In 2004, prior to assuming his current role, Dr. Graf was the division head of North American R&D and testing for Lubrizol. He also has held a variety of technical management roles throughout Lubrizol including a two-year assignment with GE-Lubrizol. In September 2008, Dr. Graf was elected corporate vice president, research and development.
For the latest financial reports, visit: http://www.lubrizol.com/investors