BNET Industries
Market Cap:$16.6M
Last Fiscal Year Sales:$3.1B
- Public
- US
Dow Jones Description
Georgia Gulf Corporation is a leading North American manufacturer and international marketer of two integrated chemical product lines, chlorovinyls and aromatics. Our primary chlorovinyls products are chlorine, caustic soda, vinyl chloride monomer ("VCM"), vinyl resins and vinyl compounds, and our aromatics products are cumene, phenol and acetone. On October 3, 2006, we completed the acquisition of Royal Group Technologies Limited, which was subsequently renamed Royal Group, Inc. ("Royal Group"), a leading North American manufacturer and marketer of vinyl-based building and home improvement products. Royal Group's core businesses now consist of five product lines: (i) window and door profiles; (ii) mouldings; (iii) siding; (iv) pipe and pipe fittings; and (v) deck, fence and rail products.
Chief Executive OfficerJerry R. Satrum
Number of Employees 3,987
Peer Companies
NAICS Code All Other Miscellaneous Chemical Product and Preparation Manufacturing: 325998
Recent Events
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Fitch Downgrades Georgia Gulf's IDR to 'RD'
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Georgia Gulf swings to profit in Q1 - Quick Facts
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LOCAL BRIEFS: More delays planned for NexCen
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Fitch Downgrades Georgia Gulf's IDR to 'C'
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Fitch Downgrades Georgia Gulf's IDR to 'C'
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US' Georgia Gulf posts net loss of $198.7 million in Q4 2008
News & Analysis
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georgia gulf corp. - All News and Analysis
Georgia Gulf Nearing Bankruptcy
Zacks.com submits: By Paul Raman Georgia Gulf's GGC Analyst Report lenders have agreed to again extend a debt deadline, but it may be forced to file for bankruptcy if it loses further access to funding. The deadline has been extended until July 15. by Zacks.com
Georgia Gulf Corporation F4Q08 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions The first question comes from the line of P.J. Juvekar with Citi. Aaron Katz - Citi This is actually Aaron Katz in for P.J. today. Do you anticipate any more significant inventory losses in 1Q or have you worked out in most of...
Georgia Gulf Corporation Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions And your first quarter will come from the line of Mike Judd with Greenwich. And Mike your line is open. Please go ahead. Hello, Mike check your mute function on your phone. Okay, we will move to the next question and that will come...
Zacks Analyst Blog Highlights: Jones Soda Co., Raytheon Co., Georgia Gulf Corp., Avis Budget Group Inc. and Acorda Therapeutics Inc
CHICAGO -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Jones Soda Co. (Nasdaq: JSDA), Raytheon Co. (NYSE: RTN), Georgia Gulf...
Georgia Gulf Corporation Q2 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator instructions Our first question is from Mark Connolly of Credit Suisse. Mark Connolly – Credit Suisse Thank you. Just two things. I wonder if you can help us understand a little bit more the progression you are expecting in working capital. If...
Georgia Gulf Corporation Q1 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions And your first question comes from the line of Sergey Vasnetsov with Lehman Brothers. Sergey Vasnetsov - Lehman Brothers Good morning. If you could comment with a little bit more details on your asset sales on the timing and maybe some indication what kind...
Georgia Gulf Corporation, Q4 2007 Earning Call Transcript
Question-and-Answer Session Operator Operator Instructions. Your first question comes from the line of Sergay Vasnetsov. Sergay Vasnetsov Good morning. Paul Carrico Hey, good morning. Sergay Vasnetsov Morning, I have a couple of questions. One is on your covenants. You mentioned from slide 14, I believe that...
Georgia Gulf Corp
Atlanta-based Georgia Gulf Corp. has announced the completion of its acquisition of Condea Vista's vinyl business for $270 million, effective November 12, 1999. The acquired plants include: the VCM plant in Lake Charles, La.; a 50% joint venture interest in a VCM plant also in Lake Charles; two vinyl resin...
Additional Resources
Fitch Downgrades Georgia Gulf's IDR to 'RD'
NEW YORK -- Fitch Ratings has downgraded Georgia Gulf Corp.'s (NYSE: GGC) Issuer Default Rating IDR to 'RD' from 'C' following its announcement of an extension of its...
Georgia Gulf Announces Bank Amendment
ATLANTA -- Georgia Gulf Corporation (NYSE: GGC) today announced that it has received from its senior secured lenders an amendment to its senior secured credit agreement (the âamendmentâ)...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Jerry R. Satrum | Chief Executive Officer |
| Paul D. Carrico | President & CEO |
| Gregory C. Thompson | Chief Financial Officer |
| James T. Matthews | Chief Financial Officer |
| Mark Buckis | Interim Chief Financial Officer |
| Mark J. Orcutt | Executive Vice President, Building Products |
| C. Douglas Shannon | Vice President, Procurement |
| Dennis M. Chorba | Vice President, Administration |
| James Worrell | Vice President, Human Resources |
| Joel I. Beerman | Vice President |
| William H. Doherty | Vice President |
| Mark J. Seal | Vice President, Outdoor Building Products |
| John E. Akitt | Director |
| Charles L. Henry | Director |
| Clarence E Terry | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Patrick J Fleming | Chair of Board |
| Charles T. Harris | Board of Directors |
| John D. Bryan | Board of Directors |
| Wayne C. Sales | Board of Directors |
| Yoshi Kawashima | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Georgia Gulf Corporation | Chief Executive Officer | Current |
| Georgia Gulf Corporation | President | Current |
| Royal Group Technologies | Director | Current |
| Pvc News | Director | Current |
| Georgia Gulf Corporation | Director | Current |
| Cytec Industries, Inc. | Board of Directors | Current |
| Georgia Gulf Corporation | Audit Committee Member | Current |
"Paul Carrico has served as Georgia Gulf Corporation's President and Chief Executive Officer since February 2008. Prior to this position, Paul served as the company's Vice President - Chemicals & Vinyls. He began his employment with Georgia Gulf in 1999 as resin business manager. In 2005, he became the company's vice president of polymers. Prior to joining Georgia Gulf, Paul held several positions with Condea Vista Company (formerly Conoco Chemicals), including plant manager, product manager of PVC and general manager of olefins and vinyl. A native of Louisville, KY, Paul earned an M.S. in Engineering from the University of Louisville in 1973 and a Masters in the Science of Management with an emphasis on corporate and business strategy from MIT in 1993. Paul currently serves as chairman of the Vinyl Institute and as a board member of the Vinyl Siding Institute and the PPFA. He previously served as a board member of the PHH joint venture with PPG."
| Organization | Position | Status |
|---|---|---|
| Georgia Gulf Corporation | President & CEO | Current |
| Vinyl Institute | Chairman | Current |
| Royal Group Technologies | Director | Current |
| Pvc News | Director | Current |
| Ppfa | Board Member | Current |
| Georgia Gulf Corporation | Board of Directors | Current |
| Georgia Gulf Corporation | Vice President, Chemicals & Vinyls | Former |
| Georgia Gulf Corporation | Business Manager | Former |
| Conoco, Inc. | Former | |
| University of Louisville | M.S. In Engineering | Former |
"Gregory C. Thompson is Georgia Gulf’s Chief Financial Officer. Prior to joining Georgia Gulf, Greg served as Senior Vice President and Chief Financial Officer of Invacare Corporation, beginning in November 2002. He also served as Senior Vice President and Chief Financial Officer of Sensormatic Electronics Corporation, a global manufacturer of electronic security products, from October 2000 to January 2002 and was Vice President and Controller from February 1997 to October 2000. Previously, Greg was Vice President and Corporate Controller for Wang Laboratories from August 1994 to February 1997 and Assistant Corporate Controller from October 1990 to August 1994. Greg is a Certified Public Accountant with a BS Degree in accounting from the Virginia Polytechnic Institute and State University. "
| Organization | Position | Status |
|---|---|---|
| Georgia Gulf Corporation | Chief Financial Officer | Current |
| Sensormatic Electronics Corporation | Chief Financial Officer | Former |
| Sensormatic Electronics Corporation | Senior Vice President | Former |
| PricewaterhouseCoopers | Former |
| Organization | Position | Status |
|---|---|---|
| Georgia Gulf Chemicals & Vinyls, L.L.C. | CEO | Current |
| Georgia Gulf Corporation | Chief Financial Officer | Current |
| Georgia Gulf Corporation | Vice President, Finance | Current |
| Georgia Gulf Corporation | Treasurer | Current |
| Georgia Gulf Chemicals & Vinyls, L.L.C. | CFO | Former |
| Georgia Gulf Corporation | Corporate Controller | Former |
| Stanford University | Law Degree | Former |
| University of Chicago | Masters Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Georgia Gulf Corporation | Interim Chief Financial Officer | Current |
| Royal Group Technologies | Vice President & Corporate Controller | Current |
| Pvc News | Vice President & Corporate Controller | Current |
| Georgia Gulf Corporation | Vice President & Corporate Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Georgia Gulf Corporation | Executive Vice President, Building Products | Current |
| Royal Group Technologies | Executive Vice President, Building Products | Current |
Doug Shannon has been a Vice President of Georgia Gulf Corporation since 2000 and is currently responsible for the Procurement function. He began his employment with Georgia Gulf in 1983 in purchasing, and subsequently moved to product manager of VCM, and then business manager of electrochemicals, before becoming director of business area management. Prior to joining Georgia Gulf, Doug worked with both U.S. Steel and Delta Resources. A native of Baltimore, Maryland, Doug received a B.S. and an M.S. in Chemical Engineering from Rensselaer Polytechnic Institute in Troy, New York.
| Organization | Position | Status |
|---|---|---|
| Royal Group Technologies | Vice President, Procurement | Current |
| Pvc News | Vice President, Procurement | Current |
| Georgia Gulf Corporation | Vice President, Procurement | Current |
| Royal Group Technologies | Board of Directors | Current |
| Pvc News | Board of Directors | Current |
| Georgia Gulf Corporation | Director of Business Area Management | Former |
| Georgia Gulf Corporation | Product Manager of Vcm | Former |
| Rensselaer Polytechnic Institute | M.S. In Chemical Engineering | Former |
| Rensselaer Polytechnic Institute | B.S. | Former |
Dennis M. Chorba is a member of the Board of Directors of Georgia Gulf Corporation, and is retired from his position as Vice President, Administration with Georgia Gulf.
| Organization | Position | Status |
|---|---|---|
| Georgia Gulf Corporation | Vice President, Administration | Current |
| Georgia Gulf Corporation | Chairman | Current |
| Royal Group Technologies | Director | Current |
| Pvc News | Director | Current |
| Georgia Gulf Corporation | Director | Current |
James Worrell currently serves as Vice President, Human Resources for Georgia Gulf Corporation. James joined Georgia Gulf at its inception in January 1985 as Headquarters Personnel Manager. He was promoted to Manager, Corporate Personnel in 1987 and to Manager, Corporate Personnel and Benefits in 1988. He served as Director, Human Resources from 1993 until being promoted to Vice President in September 2006. Prior to joining Georgia Gulf, James held a number of personnel and employment services positions with the Georgia-Pacific Corporation and the Georgia Department of Labor. James holds a bachelor's degree from the University of Georgia. He has SPHR and CCP certifications.
| Organization | Position | Status |
|---|---|---|
| Royal Group Technologies | Vice President Human Resources | Current |
| Pvc News | Vice President Human Resources | Current |
| Georgia Gulf Corporation | Vice President, Human Resources | Current |
| Georgia Gulf Corporation | Headquarters Personnel Manager | Current |
| Royal Group Technologies | Board of Directors | Current |
| Pvc News | Board of Directors | Current |
| Georgia Gulf Corporation | Director, Human Resources | Former |
| Human Resources Incorporated | Manager | Former |
| Georgia-Pacific Corporation | Personnel and Employment Services Positions | Former |
| Georgia Department of Labor | Former | |
| Georgia Gulf Corporation | Bachelor's Degree | Former |
| The University of Georgia | Bachelor's Degree | Former |
Joel Beerman has been Georgia Gulf Corporation's vice president, general counsel, and secretary since 1994. Prior to joining Georgia Gulf, Joel was an attorney for Georgia-Pacific Corporation, which developed the chemical operations that was acquired by Georgia Gulf. A native of Pennsylvania, Joel earned a degree from Boston University. He then earned a juris doctorate from Seattle University and owned a private law practice for four years.
| Organization | Position | Status |
|---|---|---|
| Royal Group Technologies | Vice President, General Counsel, Secretary | Current |
| Pvc News | Vice President, General Counsel, Secretary | Current |
| Georgia Gulf Corporation | Vice President | Current |
| Georgia-Pacific Corporation | Attorney | Former |
| Georgia Gulf Corporation | General Counsel | Former |
| Georgia Gulf Corporation | Secretary | Former |
| Seattle University | Juris Doctorate | Former |
| Boston University | Degree | Former |
Bill Doherty is Georgia Gulf Corporation's Vice President - Custom Products. Prior to this position, Bill served as Georgia Gulf Corporation's vice president of vinyl compounds starting in 1999. He began his employment with Georgia Gulf in 1982 as product manager of vinyl compounds, and subsequently moved to sales manager and then business manager before becoming general manager of vinyl compounds. Prior to joining Georgia Gulf, Bill served as an account manager and then in marketing for General Electric Plastics. A native of Buffalo, New York, Bill attended Clemson University and the State University of New York at Buffalo where he completed his degree program in Economics.
| Organization | Position | Status |
|---|---|---|
| Royal Group Technologies | Vice President, Pvc Compounds | Current |
| Pvc News | Vice President, Custom Products | Current |
| Royal Group Technologies | Board of Directors | Current |
| Pvc News | Board of Directors | Current |
| Georgia Gulf Corporation | General Manager of Vinyl Compounds | Former |
| Georgia Gulf Corporation | Sales Manager | Former |
| Georgia Gulf Corporation | Lecturer | Former |
| State University of New York at Buffalo | Degree | Former |
| Clemson University | NA | Former |
| Organization | Position | Status |
|---|---|---|
| Pvc News | Vice President, Outdoor Building Products | Current |
| Royal Group Technologies | Vice President, Aromatics and Additives | Current |
| Pvc News | Board of Directors | Current |
| Royal Group Technologies | Board of Directors | Current |
| Georgia Gulf Corporation | Business and Manufacturing Director of Vinyl Resins | Former |
| Georgia Gulf Corporation | Business Manager of Electrochemicals | Former |
| Georgia-Pacific Corporation | Product Manager | Former |
| Georgia-Pacific Corporation | Sales Representative | Former |
| Vinyl Institute | Board of Directors | Former |
| University of Cincinnati | B.S. In Chemistry | Former |
Mr. Akitt is retired from the position of Executive Vice President with Exxon Chemical Company, a division of Exxon Corporation. He has held many positions with leading chemical industry associations in Canada, Europe, and the United States and has been a consultant to the Chemical Manufacturers Association (the predecessor to the American Chemistry Council) and a Director of the Chemical Industry Institute of Toxicology. Mr. Akitt currently serves as a Director at Georgia Gulf Corp. and he previously served as a Director of Cytec Industries Inc. and Dofasco Inc. Mr. Akitt holds a BASc degree in chemical engineering from the University of Toronto and resides in Bonita Springs, Florida.
| Organization | Position | Status |
|---|---|---|
| CFO, COO, Comptroller | Manager | Current |
| CFO, COO, Comptroller | Board of Directors | Current |
| Georgia Gulf Corporation | Director | Current |
| Georgia Gulf Corporation | Nominating and Corporate Governance Committee Chairman | Former |
| Cytec Industries, Inc. | Director | Former |
| University of Toronto | Degree In Chemical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Georgia Gulf Corporation | Chair of Board | Current |
| Pvc News | Chairman of the Board | Current |
| Georgia Gulf Corporation | Board of Directors | Current |
| Royal Group Technologies | Committee Member | Current |
| Georgia Gulf Corporation | Audit Committee Member | Current |
Charles L. (Jerry) Henry is a member of the Board of Directors of Georgia Gulf Corporation, and is the retired Chairman and CEO of Johns Manville Corporation.
| Organization | Position | Status |
|---|---|---|
| Georgia Gulf Corporation | Director | Current |
| Lennox International Inc. | Board of Directors | Current |
| Mwh Constructors, Inc. | Director | Current |
| MWH Global, Inc. | Director | Current |
| Georgia Gulf Corporation | Compensation Committee Member | Current |
| Johns Manville Corporation | Chief Executive Officer | Former |
| Johns Manville Corporation | Chairman | Former |
| The University of Tennessee | BS In Engineering Physics | Former |
| Organization | Position | Status |
|---|---|---|
| Georgia Gulf Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Georgia Gulf Corporation | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Georgia Gulf Corporation | Board of Directors | Current |
Wayne Sales is a member of the Board of Directors of Georgia Gulf Corporation. He is the retired President and CEO of Canadian Tire Corporation, Limited.
| Organization | Position | Status |
|---|---|---|
| Georgia Gulf Corporation | Board of Directors | Current |
Yoshi Kawashima is a member of the Board of Directors of Georgia Gulf Corporation. Mr. Kawashima is currently president, YK Resources, and has served as chairman and chief executive officer, Reichhold, Inc.
| Organization | Position | Status |
|---|---|---|
| Georgia Gulf Corporation | Board of Directors | Current |
| Pvc News | Director | Current |
| Royal Group Technologies | Committee Member | Current |
| Georgia Gulf Corporation | Nominating and Corporate Governance Committee Member | Current |
| DIC Imaging Products USA Inc. | Chief Executive Officer | Former |
| Reichhold, Inc. | Chief Executive Officer | Former |
| DIC Imaging Products USA Inc. | Chairman | Former |
| Reichhold, Inc. | Chairman | Former |
Executive News
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Georgia Gulf Reports First Quarter 2009 Financial Results
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