Eastman Chemical Company today announced that the Board of Directors has appointed Executive Vice President Mark J. Costa President effective immediately and Chief Executive Officer effective January 1, 2014. The Board also appointed Costa as a Director, effective immediately, to serve until the Annual Meeting of Stockholders in 2014.

James P. Rogers, 62, will continue to serve as Chairman and Chief Executive Officer until January 1, 2014, and then will serve as Executive Chairman of the Board. These actions are the result of the Board's normal succession planning process.

Costa, 46, currently heads the company's Additives & Functional Products and Advanced Materials segments and is Chief Marketing Officer and has responsibility for the company's corporate innovation organization.