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Contact:
Jodi Allen (Investor Relations)
(973) 357-3283
Cytec Announces New President of
Engineered Materials Business
Woodland Park, New Jersey, October 27, 2009 – Cytec Industries
Inc. (NYSE:CYT) announced today the appointment of William
(Bill) Wood as President of Cytec’s Engineered Materials
business. Mr. Wood will become a member of Cytec’s Executive
Leadership Team, effective immediately. He will continue to be
based at the headquarters for Engineered Materials in Tempe,
Arizona.
Mr. Wood, 48, was Vice President of Commercial operations for
the Engineered Materials business responsible for sales,
technical services and program management since 2007. Prior to
that he held several general manager roles for Engineered
Materials in the U.S. and Europe, where he lived in Wrexham,
U.K. for three years. Mr. Wood came to Cytec as part of the
Fiberite acquisition in 1997. Shane Fleming, Chairman, President
and Chief Executive Officer commented, “We are pleased to have
Bill for this important position in Cytec. His years of
experience in the aerospace business and ability to identify the
most important business issues and direction will be a key asset
for us going forward and insure a smooth and immediate
transition to his new assignment. We look forward to his
leadership in the future growth of the business and
participation in our enterprise initiatives.”
Mr. Wood succeeds Steven Speak who has elected to retire after a
transition period. Mr. Fleming continued, “The Board of
Directors and I thank Steve for his years of dedication and
leadership for Engineered Materials as the business grew
substantially during this time. He leaves the business with a
great growth platform to build upon. We wish him and his family
well.”
Corporate Profile
Cytec Industries Inc. is a global specialty chemicals and
materials company focused on developing, manufacturing and
selling value-added products. Our products serve a diverse range
of end markets including aerospace, adhesives, automotive and
industrial coatings, chemical intermediates, inks, mining and
plastics. We use our technology and application development
expertise to create chemical and material solutions that are
formulated to perform specific and important functions in the
finished products of our customers.
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