Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 28, 2024, Albemarle Corporation (the "Company") appointed Donald J. LaBauve, Jr. (Jim) as the Company's Chief Accounting Officer, effective November 11, 2024. In connection with his appointment, Mr. LaBauve will assume the role of the Company's principal accounting officer. As previously announced, John C. Barichivich III will cease serving as the Company's principal accounting officer upon the effective date of Mr. LaBauve's appointment as his successor.
Mr. LaBauve, age 58, has served as the Chief Financial Officer of the Company's Energy Storage business unit (and its predecessor Lithium business unit) since November 2019. He previously served as the Company's Vice President, Corporate Controller and Chief Accounting Officer from February 2014 to November 2019. Since joining the Company in 1990, Mr. LaBauve has held various staff and leadership positions of increasing responsibility within the Company's finance function. Mr. LaBauve holds a Bachelor of Science in Accounting from Louisiana State University, and received his CPA certification in Louisiana in 1990.
There are no family relationships, as defined in Item 401 of Regulation S-K, between Mr. LaBauve and any of the Company's executive officers or directors or persons nominated or chosen to become a director or executive officer. There are no transactions in which Mr. LaBauve has an interest requiring disclosure under Item 404(a) of Regulation S-K.