Middlebury, Connecticut -- Chemtura Corp. has made Carol Anderson its vice president and treasurer, effectively immediately. Anderson has been assistant treasurer since 2004 and assumes the treasurer role from Stephen Forsyth, executive vice president and chief financial officer.
"As assistant treasurer, Carol Anderson has done an outstanding job in leading the company's initiatives to improve cash management, standardise cash collections and disbursements, rationalize bank accounts, and adopt enhanced cash pooling and netting processes," Forsyth said.
"These high-priority actions are critical in making better use of Chemtura's cash flow and reducing outstanding debt. We look forward to continued progress in those areas."
Anderson joined Chemtura in December 2000 as director of international treasury operations.