Cytec Announces New President of Specialty Chemicals Businesses
Woodland Park, New Jersey, December 10, 2012 - Cytec Industries Inc. (NYSE:CYT) announced today the appointment of Michael Radossich as President, Cytec Specialty Chemicals. In alignment with the current portfolio of businesses and pending sale of Coating Resins, Specialty Chemicals is comprised of the In Process Separation and Additive Technologies businesses. Mr. Radossich will become a member of Cytec's Executive Leadership Team, effective January 2013. He will continue to be based at the company's global headquarters in Woodland Park, NJ.
Mr. Radossich was most recently the Vice President of Cytec's Safety, Health & Environment organization. Prior to that he held several commercial and manufacturing leadership roles in the specialty chemical's businesses. Shane Fleming, Chairman, President and Chief Executive Officer commented, "We are pleased to have Michael for this important position in Cytec. He brings a diversified background of engineering, manufacturing operations, commercial, sales and business management at Cytec. We look forward to his leadership in the future growth of our businesses."
Mr. Radossich succeeds Frank Aranzana who is now leading the Coating Resins business which is being sold to Advent International. Mr. Fleming continued, "The Board of Directors and I thank Frank for his dedication and excellent leadership of the Coating Resins business. We wish him and his family all the best for the future."
Cytec's vision is to deliver specialty material and chemical technologies beyond our customers' imagination. Our focus on innovation, advanced technology and application expertise enables us to develop, manufacture and sell products that change the way our customers do business. Our pioneering products perform specific and important functions for our customers, enabling them to offer innovative solutions to the industries that they serve. Our products serve a diverse range of end markets including aerospace and industrial materials, mining and plastics.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Cytec Industries Inc via Thomson Reuters ONE