Document 5D6pYJ9jpoK6EvzGbv45LG6O0

s Koppers Vice Chairman Retires Douglas Grymes. wno on January 1, 1978 became me first officer m Koppers histery ip nold she position of vice chairman, retired on February 28. 1979 after mere man 43 years of service. He rose witnin me Company's Forest Prooucts Group ana was vice presi dent and general manager of that orgamzat.on for me eight-year penoo preceding his appointment as executive vice presioent m '966. He was nameo Keepers cnief operatng officer in 1967 anc presioent in 1970. In me latter post. Mr. Grymes held primary re sponsibility for me Company s operations and exercised a maior influence in the rise of Koppers fortunes. The accompanying cnarts. illustrating Koppers financial progress while Mr. Grymes was presioent. are evi dence Oi his contribution. It is a source of gratification that Mr Grymes has agreed to remain on the Board of Directors, giving Koppers .rontinued ac cess to the competence tha. nas marKed his career. Mr. Grymes' retirement completes the orderly transfer of me duties of chief operat ing officer from a single executive to the presidents of Koppers five operating groups. This has continued the Koppers ohilosoohy of delegating autnprity and responsibility to levels of the organization where the results of decision-making are encountered, thereby offering many people the challenge and sat isfaction of carrying out increasingly respon sible assignments. Douglas Grymes: The charts below show how Koppers fared during his tenure as president and chief operating officer. Si.355.7 71 72 73 74 75 14% Compound Annual Growth 7fl -- 77 - S2.70 S2.64 71 72 * 1 --............ 73 74 75 26% Compound Annual Growth 76 ... ... 77 . ..........