Volume 88 Issue 43 | p. 18 | Concentrates
Issue Date: October 25, 2010

Eastman Revamps Board Of Directors

Department: Business
Keywords: annual meeting, board, directors, corporate governance, activist shareholders

Eastman Chemical is making a number of changes to its board of directors. On Jan. 1, 2011, CEO James P. Rogers is becoming chairman, replacing former CEO J. Brian Ferguson, and independent director Gary E. Anderson, former CEO of Dow Corning, is becoming lead director. In addition, Eastman plans to "declassify" its board. If the measure passes at Eastman's next annual meeting, instead of having one-third of its directors standing for election every . . .

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