On January 26, 2016, Albemarle Corporation announced that Scott A. Tozier, Chief Financial Officer of the company, will be on a medical leave of absence, effective immediately. Other executive officers of the company will assume Mr. Tozier's management duties during his absence and will remain in their current positions while carrying out such additional responsibilities. During the medical leave of absence, Luther C. Kissam IV, the company's Chief Executive Officer, will act as the company's principal financial officer as well as its principal executive officer.