Rhein Chemie Appoints Three to Management
18 May 2000
Rhein Chemie Appoints Three to Management; Management Team Represents Integration of Elastochem
TRENTON, N.J.--May 18, 2000--Rhein Chemie Corporation has named three new vice presidents, effective March 1. The appointment of Richard Cortelezzi, Martin J. Eble and Siegfried Weber as officers of the corporation is the latest development in the integration of Elastochem into the Rhein Chemie organization, following RCC's asset acquisition of Elastochem in October 1999."We're convinced this new organization effectively combines the strengths of each of our Trenton and Chardon sites," said Wolfgang Kober, president of Rhein Chemie Corporation since January 1999. "We're committed to successfully integrating the capabilities of Elastochem and Rhein Chemie, in terms of personnel, technology, manufacturing and the sites themselves, to produce the strongest synergies possible for our customers and the rubber chemicals industry."
Richard Cortelezzi has been named vice president and chief technology officer. Mr. Cortelezzi was with Elastochem since 1986 and was responsible for its North American operations. Prior to joining Elastochem, he worked at B.F. Goodrich in Akron, Ohio, from 1978 to 1986 as an advanced raw material chemist.
Martin J. Eble has been named vice president and chief financial officer. Mr. Eble joined Elastochem in 1991 and most recently was chief financial officer. Previously, he worked for Ashman Enterprises, Inc., in Brecksville, Ohio, where he was tax manager, assistant treasurer and then treasurer and chief financial officer for nearly 10 years.
Prior to joining Ashman in 1976, Mr. Eble was at Addressograph Multigraph Corp. in Cleveland, progressing through various tax and accounting positions of increasing responsibility.
Siegfried Weber has been named vice president and materials management officer. Most recently, Mr. Weber was director, materials management/logistics for Rhein Chemie Corporation. Before joining RCC in 1997, Mr. Weber served six years as senior manager, logistics/order processing and raw materials purchasing for Rhein Chemie Rheinau GmbH, in Mannheim, Germany. Prior to that position, Mr. Weber was manager, warehousing, scheduling and transportation for Rhein Chemie Rheinau. Mr. Weber worked in supervisory and management positions with Rhenus AG before joining Rhein Chemie Rheinau.
Rhein Chemie Corporation, a wholly owned subsidiary of Bayer Corporation, headquartered in Pittsburgh, Pennsylvania, manufactures and sells additives and specialty products for the rubber, plastics and lubricant oil industries. Rhein Chemie Corporation is headquartered in Trenton, N.J., and operates manufacturing facilities in Chardon, Ohio, as well as in Trenton. Globally, Rhein Chemie operations encompass 120 countries with international headquarters based in Mannheim, Germany.
Bayer Corporation is a research-based company with major businesses in health care and life sciences and chemicals. The company had 1998 sales of $8.1 billion and employs more than 23,000 people. Bayer Corporation is investing $15 billion in capital expenditures and research and development from 1995 through the year 2004.
1999 capital investment and R&D expenditures are projected to total $1.6 billion. Bayer Corporation, with headquarters in Pittsburgh, is a member of the worldwide Bayer Group, a $31 billion international life sciences, polymers and specialty chemicals group based in Leverkusen, Germany.