Albemarle Corp Appoints Chief Accounting Officer Max W. Hood

What Happened
Albemarle Corporation filed an 8-K (Item 5.02) reporting that on August 19, 2026 its Board appointed Max W. Hood as Chief Accounting Officer, effective August 24, 2026. Upon appointment, Mr. Hood will serve as the company’s principal accounting officer. The filing was signed and dated August 21, 2026.

Mr. Hood, age 47, most recently served as co-Chief Financial Officer of The ODP Corporation, where he joined in 2018 and became co-CFO in December 2024. He previously held finance and accounting leadership roles at General Electric Company and Deloitte. The filing states there are no family relationships or reportable transactions requiring disclosure and no special arrangements or understandings related to his appointment.

Key Details

• Effective date: August 24, 2026.
• Annual base salary: $400,000.
• 2026 target annual incentive: 50% of eligible earnings (prorated for months employed in 2026).
• Long-term incentive target: 70% of base salary.
• Sign-on award: Restricted stock units valued at $200,000 at grant, vesting in three equal installments on the first, second and third anniversaries.
• Will participate in standard company benefit programs.

Why It Matters
This is an executive-level accounting appointment that affects who signs off on Albemarle’s financial reporting and controls (principal accounting officer). The compensation details (salary, bonus targets, long-term incentive percentage and RSU grant) show the company’s pay mix for this finance leader and potential near-term dilution from the RSU award. Investors tracking Albemarle’s governance, financial reporting leadership, or executive compensation should note the leadership change and the effective date for transition.