Lubrizol announced that Eric R. Schnur assumed the chairman, president and CEO roles on Jan. 2. Schnur replacing James L. Hambrick, who completes a career spanning more than 38 years at Lubrizol. This planned management transition was announced in mid-2016.
Schnur, who has been with the company more than 27 years, was named Lubrizol’s president and chief operating officer on June 1, 2016, having previously served as president of the Lubrizol Advanced Materials business segment for eight years. He joined the company as an engineer in research and development and progressed through a variety of technical and commercial positions in the Lubrizol Additives and Lubrizol Advanced Materials business segments. Schnur also worked at several domestic and global company facilities, including the Lubrizol Additives site in Singapore, where he led Engine Oils marketing and technical services for Southeast Asia and Australia. He earned his Bachelor of Science degree in chemical engineering from Pennsylvania State University and his MBA from Case Western Reserve University.
During the past 14 years, Hambrick led the transformation of Lubrizol into a specialty chemical company. He expanded the company’s portfolio through numerous strategic acquisitions, the most significant being Noveon International in 2004. Hambrick also effectively strengthened the company’s financial position, enabling it to pursue its growth objectives and reinvest in the business to better serve global customers. Lubrizol’s 2011 acquisition by Berkshire Hathaway was further validation of the company’s strength and financial performance.
[Want to stay more on top of MDO content? Subscribe to our weekly e-newsletter.]