8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) November 11, 2008

THE LUBRIZOL CORPORATION

(Exact name of registrant as specified in its charter)

Ohio	1-5263	34-0367600
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

29400 Lakeland Boulevard, Wickliffe, Ohio	44092-2298
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (440) 943-4200

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

(d) Effective November 11, 2008, the Board of Directors of The Lubrizol Corporation appointed Phillip C. Widman a director of the Company. He was appointed to the class of directors that will be up for re-election by the shareholders at the 2009 Annual Meeting of Shareholders. Mr. Widman will serve on the Organization and Compensation Committee and the Audit Committee.

There is no arrangement pursuant to which Mr. Widman was selected as a director, and there are no related party transactions between The Lubrizol Corporation and Mr. Widman that are reportable under Item 404(a) of Regulation S-K.

Mr. Widman will participate in Lubrizol’s standard compensation arrangements and plans for non-employee directors described in The Lubrizol Corporation Proxy Statement dated March 19, 2008, including The Lubrizol Corporation Deferred Compensation Plan for Directors. As with all of Lubrizol’s non-employee directors, Lubrizol has entered into an indemnification agreement with Mr. Widman pursuant to which he is entitled to be indemnified to the maximum extent provided by Ohio law if he is, or is threatened to be made, a party to a proceeding by reason of his status as a director of Lubrizol.

On November 11, 2008, the Board of Directors approved an amendment to The Lubrizol Corporation 2005 Stock Incentive Plan under which Mr. Widman received a grant of 939 restricted stock units, which will vest on the date of the 2009 Annual Meeting of Shareholders. This represents a pro-rata amount of the restricted stock unit award to independent directors that automatically is made under this Plan each Annual Meeting of Shareholders.

A copy of the press release announcing Mr. Widman’s appointment is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits. The following exhibit is furnished herewith:

99.1 Press release dated November 11, 2008

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	THE LUBRIZOL CORPORATION
Date: November 12, 2008
	By:	/s/ Leslie M. Reynolds
	Name:	Leslie M. Reynolds
	Title:	Corporate Secretary and Counsel

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EX-99.1

Exhibit 99.1

The Lubrizol Corporation

29400 Lakeland Boulevard, Wickliffe, Ohio 44092-2298

News Release

FOR RELEASE: Immediately

FROM:	Financial/Investor Contact	Media Contact
	Mark Sutherland	Julie Young
	440/347-1206	440/347-4432
	Web Site:    www.lubrizol.com

Phillip C. Widman Joins Lubrizol Board of Directors

CLEVELAND, OH, November 11, 2008 – The Lubrizol Corporation (NYSE:LZ) announced today that Phillip C. Widman, 53, has been appointed to its board of directors.

Since 2002, Widman has been senior vice president and chief financial officer of Terex Corporation (TEX), a global manufacturer of construction and mining equipment with 2007 net sales of $9.1 billion. From 2001 to 2002, he was an independent consultant, and from 1998 to 2001, he served as executive vice president, chief financial officer of Philip Services Corporation, an industrial outsourcing and metal services company.

Prior to joining Philip Services, Widman worked at Asea Brown Boveri Ltd. (ABB) for 11 years in various financial and operational capacities in the transportation, power generation and power distribution businesses. During his last two years at ABB, he served as vice president, chief financial officer and supply management of its diverse businesses in the United States. Additionally, Widman’s experience includes 12 years with Unisys Corporation in a variety of financial roles.

Widman earned a bachelor’s of business administration in accounting from the University of Michigan and a master’s of business administration from Eastern Michigan University.

“Phil’s broad financial experience and global business knowledge will be a valuable asset to our board and our company as we continue our growth as a leading specialty chemical company,” commented James L. Hambrick, chairman, president and chief executive officer, The Lubrizol Corporation. “His background in various industries, including original equipment manufacturing, will complement our board’s experience and will be extremely beneficial to Lubrizol. The board and I are looking forward to working with Phil and are confident that his contributions to the board will be felt immediately.”

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About The Lubrizol Corporation

The Lubrizol Corporation (NYSE: LZ) is an innovative specialty chemical company that produces and supplies technologies that improve the quality and performance of our customers’ products in the global transportation, industrial and consumer markets. These technologies include lubricant additives for engine oils, other transportation-related fluids and industrial lubricants, as well as fuel additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for personal care products and pharmaceuticals; specialty materials, including plastics technology and performance coatings in the form of specialty resins and additives. Lubrizol’s industry-leading technologies in additives, ingredients and compounds enhance the quality, performance and value of customers’ products, while reducing their environmental impact.

With headquarters in Wickliffe, Ohio, The Lubrizol Corporation owns and operates manufacturing facilities in 19 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 6,950 employees worldwide. Revenues for 2007 were $4.5 billion. For more information, visit www.lubrizol.com.

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