Albemarle Corporation announced that Ragnar "Rag" Udd has been appointed President and Chief Executive Officer, effective February 1, 2027, and will join the Board of Directors. Current Chairman and CEO Kent Masters will transition to Executive Chairman upon Udd's arrival, with Gerald Steiner continuing as Lead Independent Director. Udd, who brings over 25 years of experience in global resources, currently serves as Chief Commercial Officer of BHP, where he oversees sales, marketing, procurement, and maritime activities. The succession follows a comprehensive board-led planning process, and Masters will serve as Executive Chairman through the 2027 annual meeting, after which his role will be reviewed annually.
BHP Group LimitedUdd, BHP's CCO, is leaving; no direct impact on BHP.
China Nonferrous Mining Corp Ltd
Albemarle CorpCEO succession announced; impact on operations unclear.
