The specialty chemical company, Lubrizol Corporation, has named Eric R. Schnur, currently executive vice president and chief operating officer, as president, effective immediately, and has appointed him to become chairman and chief executive officer (CEO) on January 2, 2017. James L. Hambrick, the current chairman, president and CEO, having fulfilled his commitment to remain in those roles for five years following Berkshire Hathaway's acquisition of Lubrizol in 2011, has decided to complete his 38-year Lubrizol career. This transition reflects the company's succession planning process. In addition, Greg D. Taylor, senior vice president of corporate strategy and development, will retire later this year.
Schnur joined Lubrizol in 1989 as a development engineer in the R&D division. He has held a variety of positions across numerous product lines in the Lubrizol Additives and Lubrizol Advanced Materials business segments, including technical and commercial roles, and vice president and general manager. Schnur also has worked at several company facilities, including the Lubrizol Additives site in Singapore, where he led Engine Oils marketing and technical services for Southeast Asia and Australia.
Taylor is successfully concluding a 36-year career with Lubrizol that spanned a wide range of financial, planning and business development roles. He has directed corporate planning since 2003 and was named to his current position in March 2007.