Specialty chemicals manufacturer Lubrizol Corporation has named J. Brian Pitts as their new Chief Financial Officer (CFO). Pitts replaces Brian Valentine, who will leave the organization after seven years as CFO and corporate vice president. Pitts will also assume the responsibilities of corporate vice president and treasurer of the Berkshire Hathaway owned company.
Pitts began working for Lubrizol in 1998 and has held a variety of positions in business finance, financial planning and analysis, and operations finance. Most recently, he served as General Manager of TempRite® Engineered Polymers for three years, with responsibility for developing the growth strategy for the global TempRite Engineered Polymers organization. Before that Pitts was vice president of finance for Lubrizol’s Advanced Materials segment from 2012 to 2015.
Pitts assumed his new role in March 2018. CEO Eric Schnur said in a statement, “Brian Pitts brings a unique blend of global, commercial and finance skills to this role. His capability and experience, including general manager, vice president of finance for Lubrizol Advanced Materials, and living and working in China, positions him to be very successful as our next CFO”. Pitts has previously fulfilled a three-year expatriate assignment in Shanghai as the director of finance – Asia Pacific.
Pitts is a certified public accountant in Ohio and graduated from Lipscomb University in Nashville, Tennessee in 1993 with a Bachelor of Science degree in accounting. Pitts also holds a Master of Business Administration degree in accounting from the University of Alabama.
Brian Valentine leaves Lubrizol Corporation later this year following 20 years of valued service. The organization has celebrated Valentine’s contribution to Lubrizol’s success, with particular reference to financing activities relating to Lubrizol’s $2 billion Noveon acquisition, and refinancing of $500 million in public debt following the 2008 global financial crisis.