Styron Names New Key Executives

Midland, MI, Aug. 31, 2010--Richard J. Diemer Jr. has been named executive vice president and chief financial officer of latex maker Styron.

Diemer was previously the senior vice president and CFO of Albemarle Corporation, a $2.5 B specialty chemical company.

Celso Goncalves, who is currently CFO of Styron, will remain with the company through year-end to ensure a smooth transition.

Also, John Sereda has joined Styron as vice president and treasurer, with responsibility for all treasury matters, including cash management, risk management, relationships with ratings agencies and commercial banks, and financing.

Sereda most recently served as vice president for NOVA Chemicals Corporation, based in Calgary, Alberta and Pittsburgh, Pa.

George Osborne joins Styron as vice president and controller, with responsibility for all controllership matters, including accounting policy and application, financial reporting, and internal control.

Osborne most recently served as The Dow Chemical Company's corporate controller's director of M&A and significant transactions based in Midland.

Styron was formed when Dow Chemical sold a business unit to Bain Capital Partners on June 17. It sells latex to the flooring industry.