Replies to post #21449 on Chemtura Corp (fka CHMT)

[LCLiving]

“But I fully expect us to use funds from an asset sale to be able to pay off these bonds due in July,” Rogerson said.

Rogerson was chairman and CEO of US specialty chemical firm Hercules from December 2003 to its sale to Ashland in 2008. Prior to being named CEO of Hercules, he served as vice president and general manager of BetzDearborn, the Hercules business that was sold to General Electric (GE) in 2002 to reduce debt.

“That experience showed me that you can sell a good business, deal with the issues, and then grow the company again. That’s what we did at Hercules, and I’ve seen nothing that gives me any doubt that the same thing can happen here,” he said.