Leadership & Pay ·
Albemarle Corporation announced a CEO succession plan on September 2, 2026
ALBAlbemarle Corp
Albemarle Corporation announced a CEO succession plan on September 2, 2026. Ragnar Udd has been appointed President and Chief Executive Officer, effective February 1, 2027, succeeding J. Kent Masters, Jr., who will transition to Executive Chair of the Board. Udd’s compensation package includes a $1.3 million annual base salary, a target bonus equal to 135% of base, a $1.4 million sign-on cash bonus, and $11 million in make-whole equity awards (RSUs and PSUs) plus $7.5 million in annual long-term incentives for fiscal year 2027. Masters will serve as Executive Chairman through the 2027 annual meeting. Albemarle Corporation is a global leader in lithium and bromine production for energy storage, mobility, and specialty chemicals.