Chemtura

  www.chemtura.com
  www.chemtura.com

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7 days ago

IPP Business Unit Finance Director

Chemtura Middlebury, CT

We are currently seeking a highly skilled senior level finance person for the position of Business Finance Director, Industrial Performance Products… Glassdoor


Chemtura Reviews

44 Reviews
2.8
44 Reviews
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Chemtura Chairman, President, and CEO Craig A. Rogerson
Craig A. Rogerson
21 Ratings
  1.  

    Great team culture until overall company downsizing, good benefits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in West Lafayette, IN
    Former Employee - Anonymous Employee in West Lafayette, IN

    I worked at Chemtura full-time

    Pros

    Was a great team culture and very happy to work with my teammates even despite going through bankruptcy in 2009-10. Benefits and are hard to beat and also competitive salaries. The West Lafayette site is a great college town, but it is being de-emphasized in 2014 versus headquarters and plant sites. Generally good market positions in its 2 remaining major businesses, but innovation/vitality is lower than it should be.

    Cons

    Sticking with top-down goals despite market realities caused serious issues with business performance. Significant restructuring in 4Q every year 2012-2014 as major pieces of the company sold off. Now acknowledge that the company will not exist in its current state - will be sold off or acquired; however acquired employees have generally been happier with their new firm. Constant downsizing continually means doing the same or more with less, and few career development opportunities.

    Advice to ManagementAdvice

    Make the major portfolio changes as quickly as possible - communicate them and get them over. Prolonging the pain and cutting too many people in the short term will damage the long term potential of the businesses and thus their value to an acquirer. Difficult to do in a shrinking company, but having personal development opportunities and a clear vision would retain and attract the right people.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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