Kronos Worldwide, Inc. Announces Retirement of Kelly D. Luttmer, Executive Vice President and Chief Tax Officer
March 18, 2020 at 08:18 pm
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Kronos Worldwide, Inc. announced that on March 13, 2020, Kelly D. Luttmer, executive vice president and chief tax officer of the registrant, provided notice to the registrant that, effective as of June 1, 2020, she will retire as an officer of the registrant. In connection with her retirement from the registrant, Ms. Luttmer has also provided notice to Valhi, Inc. (“Valhi”), NL Industries, Inc. (“NL”) and CompX International Inc. (“CompX”), affiliates of the registrant, that she will also retire as an officer of those companies as of such date. Following such retirements, Ms. Luttmer will continue to be employed by Contran Corporation (“Contran”), the privately-held parent corporation of the registrant, and will continue to serve as executive vice president and chief tax officer of Contran. Following such retirement notice of Ms. Luttmer, the registrant’s board of directors took action, also effective as of June 1, 2020, to: re-elect Kristin B. McCoy as vice president, tax of the registrant; and designate Ms. McCoy as an executive officer of the registrant. Ms. McCoy, age 47, has served in various tax accounting positions with various companies related to the registrant and Contran since 2003. Beginning June 1, 2020, she will also serve as an executive officer of Valhi as its vice president, tax.
Kronos Worldwide, Inc. is a global producer and marketer of value-added titanium dioxide pigments, or TiO2, a base industrial product used in a wide range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products. TiO2 is a white inorganic pigment used in applications, such as coatings, plastics and paper, as well as many specialty products such as inks, cosmetics and pharmaceuticals. The Company offers its customers a broad portfolio of products that include over 50 different TiO 2 pigment grades under the KRONOS trademark, which provide a variety of performance properties to meet customers' specific requirements. The Company manufactures and sells iron-based chemicals, which are co-products and processed co-products of the sulfate and chloride process TiO2 pigment production. It also manufactures and sells other specialty chemicals, which are side-stream products from the production of TiO2.