KINGSPORT, Tenn. (AP) -- Eastman Chemical Co. said Tuesday that James Rogers will remain chairman and CEO of the company through the end of this year, and then become executive chairman on Jan. 1.
He will be succeeded as CEO by Mark Costa, who was promoted from executive vice president to president, effective immediately, and appointed to the company's board.
Rogers, 62, said he was looking forward to his role as executive chairman and working with Costa, 46, in the transition.
Costa joined Eastman in 2006 and now heads the company's Additives & Functional Products and Advanced Materials segments. He is also chief marketing officer.
Eastman shares ended regular trading up 88 cents at $67.44.