New member to the Board of Directors

Albemarle Corporation appoints Ralf Cramer to the Board effective February 21, 2022. Cramer has more than 25 years of automotive industry experience. He served as an Executive Board Member of Continental AG, an automotive parts manufacturing company, from 2009 to 2017.

Albemarle Corporation, a global leader in specialty chemicals, announced today that Ralf H. Cramer has been appointed to the Board of Directors (the "Board"), effective February 21, 2022. Cramer will join the Audit & Finance Committee and the Health, Safety, and Environment Committee of the Board of Directors.

"Ralf brings a wide range of experience from the automotive industry, manufacturing operations, and emerging markets to our Board of Directors," said Albemarle Chairman and CEO Kent Masters. "We welcome his skill set to our Board and are confident his years of leadership experience will add significant value to Albemarle and our shareholders."

Cramer has over 25 years of experience in the automotive industry. From 2009 to 2017, he was an Executive Board Member of Continental AG, a manufacturer of automotive parts. Prior to that, he was President and CEO of Continental China, President of Continental Chassis & Safety/ADAS, Member of the Executive Board of Continental Automotive System CAS, and Executive Director of Operations Unit Elektronics. Cramer held executive positions with Grunding AG and ITT Automotive before joining Continental AG in 2002.

Cramer is currently an independent industry advisor and consultant for Shenzhen Shentou Investment Co Ltd., a China-based cross-border M&A consultancy and investment firm. Cramer also serves on the boards of Knorr-Bremse Truck, a subsidiary of Knorr-Bremse A.G., as well as BBS Automation GmbH and Metalsa S.A.

Source: ALBEMARLE News