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Eastman Chemical Company: Eastman Announces Executive Leadership Retirements and Appointments

KINGSPORT, Tenn., Feb. 23, 2016 - Eastman Chemical Company (NYSE:EMN) today
announced the retirement of two executives and the appointment of two new
executive leaders.

Effective July 1, 2016, Chief Operating Officer Ronald C. Lindsay will retire
after 36 years of service. Godefroy A.F.E. Motte will retire effective April
1, 2016, after 31 years of service. Motte is currently Senior Vice President,
Integrated Supply Chain and Chief Regional and Sustainability Officer.

"Ron has been a valuable member of the Eastman Team for many years. His
careful oversight of the company's day-to-day operations and his leadership,
experience, and pragmatism have been invaluable to Eastman and to me
personally. While we will certainly miss him, we will continue to benefit
from his legacy," said Mark Costa, Chairman of the Board and Chief Executive
Officer. "We are also indebted to Godefroy for his long and distinguished
service to Eastman. His contributions to our outside-U.S. regional business
leadership efforts to leverage growth in emerging markets and his work to
optimize assets and global supply chain are numerous. On behalf of all of us
at Eastman, we wish both Ron and Godefroy the best in their future

Eastman also announced the appointments of Damon C. Warmack and Lucian Boldea
as executive officers effective July 1, 2016. Warmack, currently Vice
President, Corporate Development, will be Senior Vice President, Corporate
Development and Chemical Intermediates. Boldea, currently Group Vice
President, Additives&Functional Products, will be Senior Vice President,
Additives&Functional Products.

"Throughout their careers, Damon and Lucian have played significant roles in
many of the company's strategic initiatives, including portfolio management
and driving growth in our high-value, specialty businesses. Together they
bring years of international business and corporate strategy experience,
which, along with their diverse perspectives and unique market insights, will
continue to serve Eastman well."

The company also announced related changes in other executive leadership

* Effective March 1, Mark K. Cox, currently Senior Vice President and Chief
Manufacturing and Engineering Officer, will assume executive leadership of
global supply chain in addition to his current manufacturing and worldwide
engineering responsibilities.
* Effective March 1, David A. Golden, currently Senior Vice President, Chief
Legal Officer, and Corporate Secretary, will assume executive leadership of
the company's sustainability efforts.
* Effective March 1, Executive Vice President Brad A. Lich will have
executive responsibility for outside-U.S. regional business leadership in
addition to his current responsibilities for the Advanced Materials segment
and the sales and marketing organization. Effective July 1, Lich will
become Executive Vice President and Chief Commercial Officer with
additional executive responsibilities for the Fibers segment and
procurement. Lich is currently responsible for the Additives&Functional
Products and Advanced Materials segments and the sales and marketing

Link to
www.eastman.comfor complete biographical information and photos for Damon C.
Warmack and
Lucian Boldea

Eastman is a global specialty chemical company that produces a broad range of
products found in items people use every day. With a portfolio of specialty
businesses, Eastman works with customers to deliver innovative products and
solutions while maintaining a commitment to safety and sustainability. Its
market-driven approaches take advantage of world-class technology platforms
and leading positions in attractive end-markets such as transportation,
building and construction and consumables. Eastman focuses on creating
consistent, superior value for all stakeholders. As a globally diverse
company, Eastman serves customers in approximately 100 countries and had 2015
revenues of approximately $9.6 billion. The company is headquartered in
Kingsport, Tennessee, USA and employs approximately 15,000 people around the
world. For more information,


Media: Tracy Kilgore
423-224-0498 /

Investors: Greg Riddle
212-835-1620 /


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Eastman Chemical Company via Globenewswire


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