In 2001, we will not take our eye off the ball. While working through the split of this company we realize it is critical to produce good earnings for this year. Management will continue to be compensated for producing earnings and generating cash. We now need time to digest the acquisitions we have made. It is our goal to have two investment grade companies at the time of the split, so in 2001 we will weigh share repurchase against possible debt paydown.
Operational excellence is a key to financial performance.
We will continue the migration of our enterprise software system from SAP R2 to SAP R3. In the last few years we made a number of acquisitions in the coatings area. We will integrate those acquisitions and work towards rationalizing products and facilities, while continuing to capture cost synergies. Let me turn for a few moments to each of these businesses and give you a snapshot of each of them. Brian Ferguson, currently President of our Chemicals Group, will become the CEO of Chemicals and Specialty Plastics.