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Albemarle Corporation

Charlotte, North Carolina, United States · Chemical, Energy

Albemarle Corp. (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers.

Key facts

Headquarters
Charlotte, North Carolina, United States
Employees
7,800
Industries
Chemical, Energy
Status
Public (ALB)
Website
www.albemarle.com
LinkedIn
Company page

Recent activity at Albemarle Corporation

  • : SEC 8-K (1.01): On October 29, 2026, Albemarle Corporation entered into the 2026 Credit Agreement, which establishes an unsecured revolving credit facility of up to $1.5 billion. This facility, maturing on October 29, 2031, requires the Company to maintain a Consolidated Leverage Ratio of 3.50:1.00 or less. The agreement includes conditions precedent, customary covenants, and default provisions that could accelerate the repayment of obligations. The execution of this agreement both enhances Albemarle's liquidity and terminates an existing facility dated October 28, 2022, modifying their financial obligations.
  • : Albemarle Corporation Announces New CEO Appointment
  • : SEC 8-K (5.02): On September 2, 2026, Albemarle Corporation's Board of Directors approved a leadership succession plan, appointing Ragnar Udd as the new President and Chief Executive Officer to succeed J. Kent Masters, Jr. The new appointment is set to take effect on February 1, 2027, or a mutually agreed earlier date. This succession is significant as it could impact the company's strategic direction and operations moving forward, depending on Udd's leadership style and initiatives. The announcement of this leadership change comes as the company prepares for future challenges and opportunities in its sector.
  • : Albemarle Corporation Appoints Max W. Hood as Chief Accounting Officer
  • : SEC 8-K (5.02): On August 19, 2026, Albemarle Corporation's Board of Directors appointed Max W. Hood as the company's Chief Accounting Officer, effective August 24, 2026. Mr. Hood, who is 47 years old, previously held the position of co-Chief Financial Officer at another organization. His appointment as the principal accounting officer is significant for the company's financial leadership and oversight, as it comes at a time when strategic financial management is critical for the business. The decision indicates the board's commitment to enhancing its financial reporting and governance structures.
  • : SEC 8-K (5.02): Effective July 21, 2026, Albemarle Corporation appointed Mr. Eduardo De Salles Bartolomeo as an independent member of its Board of Directors. He will serve on the Audit and Finance Committee and the Safety, Sustainability, Operations & Capital Committee. Compensation includes an annual retainer of $120,000 and an annual grant of restricted stock valued at $170,000, both pro-rated for the partial year of appointment. This appointment reflects a strategic move to enhance the Board's oversight capabilities, particularly in audit and sustainability functions.
  • : Albemarle Appoints Neal R. Sheorey as Interim Principal Accounting Officer
  • : SEC 8-K (5.02): On June 1, 2026, Donald J. LaBauve Jr., the former Chief Accounting Officer of Albemarle Corporation, retired. Following this, Neal R. Sheorey, who is the Company's Executive Vice President and Chief Financial Officer, was appointed as the interim Principal Accounting Officer, effective June 2, 2026. The Company is currently in the process of finding a permanent replacement for the Chief Accounting Officer. No new compensatory arrangements have been made for Mr. Sheorey in relation to this interim appointment, and there are no relevant family relationships or required disclosures regarding Mr. Sheorey under Item 404(a) of Regulation S-K.
  • : SEC 8-K (5.02): On May 5, 2026, the shareholders of Albemarle Corporation approved the Albemarle Corporation 2026 Incentive Plan at the Annual Meeting of Shareholders. This Plan is intended to replace the Company’s 2017 Incentive Plan and will govern equity awards issued to employees or former employees serving as consultants starting from the date of the Annual Meeting. The Plan had previously received approval from the Company's Board of Directors on February 26, 2026, pending shareholder approval. The terms and conditions of the Plan are detailed in the Company's Proxy Statement filed on March 24, 2026, which is incorporated by reference in this filing.
  • : SEC 8-K (5.02):

Albemarle Corporation funding history

DateRoundAmount
Feb 2022VentureUndisclosed

Leadership

  • J. Kent Masters, Jr., President
  • Ragnar Udd, President
  • Max W. Hood, Chief Accounting Officer
  • Neal R. Sheorey, Chief Financial Officer
  • Elizabeth Jablonski, Ethics & Compliance Analyst
  • Eva Zsamboki, Americas Finance Controller
  • Chad Bridges, System Administrator
  • Yunqi Liu, R&D Advisor
  • Sarah Young, Designer
  • Joseph Armour, Business Vice President, Lithium Specialties
  • Blake Harwood, Senior Supply Chain Analyst

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Employee benefit plans

Albemarle Corporation files 20 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.

Albemarle Corporation in the news

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About Albemarle Corporation: questions and answers

What does Albemarle Corporation do?

Albemarle Corp. (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers.

Where is Albemarle Corporation headquartered?

Albemarle Corporation is headquartered in Charlotte, North Carolina, United States.

How many employees does Albemarle Corporation have?

Albemarle Corporation has about 7,800 employees.

Has Albemarle Corporation raised funding?

Yes. Fundz has recorded 1 funding event for Albemarle Corporation. The most recent, Undisclosed, was in Feb 2022.

Who leads Albemarle Corporation?

J. Kent Masters, Jr. is a President at Albemarle Corporation.

What is the latest news on Albemarle Corporation?

On Oct 30, 2026, SEC 8-K (1.01): On October 29, 2026, Albemarle Corporation entered into the 2026 Credit Agreement, which establishes an unsecured revolving credit facility of up to $1.5 billion. This facility, maturing on October 29, 2031, requires the Company to maintain a Consolidated Leverage Ratio of 3.50:1.00

Is Albemarle Corporation a public company?

Yes. Albemarle Corporation is publicly traded under the ticker ALB.

Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy

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