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Published on 5/7/2012 in the Prospect News Distressed Debt Daily.

W.R. Grace lead independent director to resign after June 28 meeting

By Caroline Salls

Pittsburgh, May 7 - W.R. Grace & Co. board member and lead independent director Thomas A. Vanderslice plans to resign from those roles after the board's June 28 meeting, according to an 8-K filed Monday with the Securities and Exchange Commission.

The company said the independent members of the board have elected director Christopher J. Steffen to succeed Vanderslice as lead independent director.

W.R. Grace, a Columbia, Md.-based specialty chemicals company, filed for bankruptcy on April 2, 2001 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 01-01139.


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