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Ferro Appoints CEO

By Eric Volkman – Apr 24, 2013 at 5:16PM

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The "interim" designation is removed from Peter Thomas' job title.

Ferro (FOE) now has a new man in its CEO office. The company's board has installed Peter Thomas as its chief executive and president, effective immediately. Since last November, he had served in an interim capacity in both positions.

Thomas has also been appointed to the board of directors.

He has worked at Ferro since 2000, when he joined the company as director of sales for polymer additives. Since then, he has moved up the organizational ladder in a variety of managerial positions.

Additionally, Ferro announced that William Lawrence has been tapped to be chairman of the board. Like Thomas, Lawrence had been filling that role in an interim capacity since last November.

Fool contributor Eric Volkman has no position in Ferro, and neither does The Motley Fool. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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