Specialty chemicals company Lubrizol Corp. in Wickliffe, Ohio, has a new CEO.
According to an emailed statement from the company, Chris Brown was named president and CEO effective Aug. 20. The company's former president, chairman and CEO, Eric Schnur, will remain at the company in an advisory role. A reason was not given for the leadership change.
Brown joins Lubrizol from BHE Infrastructure Group, which, like Lubrizol, is a company in Berkshire Hathaway's portfolio. Brown served as president and CEO at BHE Infrastructure. Prior to that, he was president for North American sales and service operations for wind turbine supplier Vestas and chief operating officer for the city of Detroit.
Lubrizol has an additives segment and one focused on advanced materials. It employs almost 9,000 people across the globe, according to a company fact sheet.
Schnur had been CEO of Lubrizol since January 2017. Prior to that, he was president and chief operating officer of Lubrizol and served as president of the company's Advanced Materials business segment. He joined Lubrizol in 1987.
Berkshire Hathaway as of Aug. 23 had not made a filing with the U.S. Securities and Exchange Commission regarding the Lubrizol leadership change.