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Edward E. Barr to Retire as Chairman, Sun Chemical Group

Press release from the issuing company

FORT LEE, NJ – September 30, 2002 – Edward E. Barr has announced his intention to retire as Chairman, Sun Chemical Group B.V., on January 1, 2003. Mr. Barr will be succeeded as Chairman by Wes Lucas, Sun Chemical’s President and CEO. Mr. Barr will continue as Sun Chemical’s designated senior director of Kodak Polychrome Graphics, the company’s pre-press joint venture with Eastman Kodak. Mr. Barr’s retirement concludes more than 40 years of executive association with Sun Chemical, which began in April 1962. During this period, the company’s core business of printing inks and pigments grew from a U.S. operation of $25 million in sales to a global company with more than $3.5 billion of sales. In announcing his retirement, Mr. Barr noted: "I am indebted to Sun Chemical’s men and women, past and present, throughout the world for their dedication and loyalty in building our company to its global leadership position." Mr. Barr became Chairman of Sun Chemical Group B.V., the holding Company of Sun Chemical Corporation, in 1997. In this role, he has advised the senior management of Sun Chemical on matters of strategy, long range planning and future opportunities to expand the company’s world leadership position in the graphic arts and colorant industries. Prior to becoming Chairman of Sun Chemical Group B.V., Mr. Barr was Chairman, President and CEO of Sun Chemical, a post he held for 11 years. Mr. Barr began his career with Sun Chemical in 1962 as Assistant to the President. He subsequently served as a Group Vice President and as Executive Vice President, until he was elected Sun Chemical’s President and Chief Operating Officer in 1975. Mr. Barr left the company in 1982 to become Chief Executive Officer and Partner with Courtaulds plc, the British textiles and chemicals giant, in an American-based specialty chemicals joint venture. He rejoined Sun Chemical as its President and CEO following the company's reorganization at the beginning of 1987. Mr. Barr is a 1957 graduate of New York University's Stern School of Business and participated in NYU’s Ph.D. program in Economics between 1959 and 1961. He was named a Distinguished Alumnus and was awarded the school's John T. Madden Memorial Medal in 1978. Mr. Barr was elected an NYU Albert Gallatin Fellow in 1979 and a Life Member of the Albert Gallatin Associates in 1984. He is currently an Overseer of NYU’s Stern School, where he recently led the development of Stern’s Strategic Plan. Mr. Barr is also a member of the Dean’s Council at the John F. Kennedy School of Government of Harvard University. Mr. Barr holds a master of science degree in economics from the University of Michigan and attended Harvard University Law School. He is also a graduate of M.I.T.'s Senior Executive Program. Mr. Barr's honorary degrees include a Doctor of Science (honoris causa) from the New Jersey Institute of Technology and a Doctor of Laws from Monmouth (N.J.) College. He currently serves as a Director of United Water Resources, Harrington Park, New Jersey, and of NOOSH, an Internet-based strategic sourcing company based in Santa Clara, California. He is also Trustee of Northwestern Mutual Life Insurance Company, Milwaukee, Wisconsin. He was a member of the Board of Directors of Sun Chemical’s parent company, Dainippon Ink & Chemicals of Tokyo, Japan from 1988 to 2002, where he was the only non-Japanese member of the DIC board. He was also a director of First Union (Wachovia), the fourth largest bank in the United States, and its predecessors, from 1975 to 2001. From 1985 to 1987, Mr. Barr chaired the New Jersey Commission on Science and Technology, a blue ribbon panel responsible for guiding the economic development of the state. From 1976 to 1985, he was a member of the New Jersey Board of Higher Education, serving as its chairman from 1978 to 1981. He is currently a member of numerous civic, philanthropic and private organizations. About Sun Chemical… Sun Chemical is a leading specialty chemical company, and is the world’s largest producer of printing inks and performance pigments. Sun Chemical has over $3 billion in sales, supports customers in countries around the world, serves the industry with 13,000 people, and operates 300 manufacturing, sales, service and technical facilities throughout North America, Europe, Latin America and the Caribbean. The Sun Chemical family of companies includes such well-known brands as Coates Lorilleux, Usher-Walker, Gibbon, Swale, Hartmann, Kohl & Madden, Heritage, US Ink and Sun Chemical Inks (GPI). Sun Chemical has headquarters in Fort Lee, New Jersey, U.S.A.; Watford, England; and Weesp, the Netherlands. In addition, Sun Chemical’s joint venture with Eastman Kodak, Kodak Polychrome Graphics, is a world leader in prepress products. Sun Chemical Corporation in the U.S. and Sun Chemical Limited in England are subsidiaries of Sun Chemical Group B.V., the Netherlands. For more information about Sun Chemical, please visit our web site at http://www.sunchemical.com.