Tronox CFO Daniel Greenwell Steps Down

STAMFORD, Conn., Feb. 13, 2013 /PRNewswire/ -- Tronox Limited (NYSE: TROX) announced today that Daniel Greenwell, senior vice president and chief financial officer, has resigned from the company for personal reasons.  His separation from the company is effective March 31.  The company has commenced a search for a successor, expected to be named in the second quarter of 2013.

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Greenwell has served as Tronox's chief financial officer since January 2012 and played a key role in enhancing the company's financial staff, as well as its June 2012 acquisition of the Exxaro Mineral Sands business and the subsequent global integration.  The company appreciates the many contributions of Greenwell and wishes him the best in future endeavors.

About Tronox

Tronox is a global leader in the production and marketing of titanium bearing mineral sands and titanium dioxide pigment. Through the integration of its mineral sands and pigment business, the company provides its customers a dependable supply of brightening solutions for a variety of end uses. For more information, visit http://www.tronox.com.

Forward Looking Statements

Statements in this release that are not historical are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon management's current beliefs and expectations and are subject to uncertainty and changes in circumstances and contain words such as "believe," "intended," "expect," and "anticipate" and include statements about expectation for future results including revenues. The forward-looking statements involve risks that may affect the company's operations, markets, products, services, prices and other risk factors discussed in the company's filings with the Securities and Exchange Commission (SEC), including those under the heading entitled "Risk Factors" in our registration statement on Form S-4 declared effective by the SEC on May 4, 2012. Significant risks and uncertainties may relate to, but are not limited to, our ability to integrate the recently acquired mineral sands business including achieving the expected cost savings; financial, economic, competitive, environmental, political, legal regulatory and technological factors including, our access to unrestricted cash, compliance with our bank facility covenants, the price of our shares, general market conditions, our customers potentially reducing their demand for our products due to, among other things, the economic downturn, more competitive pricing from our competitors, increased supply from our competitors; operating efficiencies and other benefits expected. Unless otherwise required by applicable laws, the company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information or future developments.

Media Contact: Bud Grebey, 203-705-3721, [email protected]
Investor Contact: Brennen Arndt, 203-705-3722

SOURCE Tronox Limited