Lubrizol Corp. in Wickliffe has a new CEO.
According to an emailed statement from the company, Chris Brown has been appointed chairman and CEO effective Friday, August 20. The former chairman, CEO of the company, Eric Schnur, will remain with the company in an advisory capacity. No reason was given for the change in leadership.
Brown joins Lubrizol from BHE Infrastructure Group, which, like Lubrizol, is a Berkshire Hathaway portfolio company. Brown was President and CEO of BHE Infrastructure. Previously, he was president of sales and service operations in North America for wind turbine supplier Vestas and chief operating officer for the city of Detroit.
Lubrizol has an additives segment and another focused on advanced materials. It employs nearly 9,000 people around the world, according to a company fact sheet.
Schnur had been CEO of Lubrizol since January 2017. Previously, he was President and COO of Lubrizol and President of the company’s Advanced Materials business line. He joined Lubrizol in 1987.
Berkshire Hathaway at 4 p.m. on Monday, August 23, had not filed a file with the United States Securities and Exchange Commission regarding Lubrizol’s management change.
Schnur is also chairman of the board of directors of the Greater Cleveland Partnership.