WILMINGTON, Del. -- Hercules Inc. has announced that its board of directors has named William H. Joyce chairman of the board and chief executive officer. Joyce was most recently chairman, president and chief executive officer of Union Carbide Corp., Danbury, Conn. He succeeds Thomas L. Gossage, who returned from retirement last fall at the request of the board to serve as chairman and CEO on an interim basis.
Gossage will continue to focus his efforts on the previously announced strategic process to merge or sell the company and its businesses. Gossage is expected to remain a member of the board for as long as he is needed in the strategic process.