Valhi, Inc. announced the retirement and resignation of Bobby D. O'Brien as chairman of the board and chief executive officer of the registrant. In connection with his retirement, Mr. O'Brien has also resigned as a director and executive officer from all of the registrant's affiliated entities; and the registrant's board of directors elected Robert D. Graham, previously a director and president and chief legal officer of the registrant, as the registrant's chairman of the board, president and chief executive officer. These changes are effective on January 20, 2017.
Valhi, Inc. is primarily a holding company, which operates through its subsidiaries, NL Industries, Inc., Kronos Worldwide, Inc., CompX International Inc., BasicManagement, Inc. and The LandWell Company. Its segments include Chemicals, Component Products, and Real Estate Management and Development. Chemicals segment produces and markets value-added titanium dioxide pigments. Component Products segment manufactures security products used in the postal, recreational transportation, office and institutional furniture, cabinetry, tool storage, healthcare and a variety of other industries. The segment also a manufacture wake enhancement system, stainless steel exhaust systems, gauges, throttle controls, trim tabs and related hardware and accessories for the recreational marine industry. Real Estate Management and Development segment owns real property in Henderson, Nevada. The segment develops certain land holdings for commercial, industrial and residential purposes in Henderson, Nevada.
VALHI, INC. 
