Ferro Announces Streamlined Business Structure

Date: 8 October 2009
Source: Ferro
CLEVELAND--(BUSINESS WIRE)--Oct. 5, 2009-- Ferro Corporation (NYSE: FOE) announced today a new, streamlined business structure designed to drive product development, customer engagement and growth.  Effective immediately, Ferro is organized in two operating groups reporting to James F.

Kirsch, Chairman, President and CEO.
 
The Electronics, Color and Glass Materials Group will combine the Company’s Electronic Material Systems and Color and Glass Performance Materials businesses. This operating group will leverage Ferro’s core strengths in particle engineering, color and glass science, formulation, and surface chemistry to drive growth and maintain the Company’s leading market positions. The Electronics, Color and Glass Materials Group will be managed by Operating Vice President Mike Murry.
 
The Polymer and Ceramic Engineered Materials Group will combine the Company’s Polymer Additives, Specialty Plastics, Performance Coatings and Pharmaceuticals businesses. This operating group will leverage high-volume manufacturing capabilities to drive a world-class cost structure and enhanced cash flow while maintaining leading market positions. The Polymer and Ceramic Engineered Materials Group will be managed by Operating Vice President Peter Thomas.
 
Ferro will continue to provide financial results based on six reporting segments: Color and Glass Performance Materials, Electronic Material Systems, Polymer Additives, Specialty Plastics, Performance Coatings, and Pharmaceuticals.
 
About Ferro Corporation
 
Ferro Corporation (http://www.ferro.com) is a leading global supplier of technology-based performance materials for manufacturers. Ferro materials enhance the performance of products in a variety of end markets, including electronics, solar energy, telecommunications, pharmaceuticals, building and renovation, appliances, automotive, household furnishings, and industrial products.
 
Headquartered in Cleveland, Ohio, the Company has approximately 5,400 employees globally and reported 2008 sales of $2.2 billion.

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