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Cytec Specialty Chemicals Names Leadership Team

The West Paterson company’s new business employs some 5,000 people in New Jersey and Brussels.Cytec Industries (NYSE: CYT) has named a leadership team for its new Cytec Specialty Chemicals business, which includes a unit largely comprised of Belgium-based UCB Surface Specialties, an acquisition made by Cytec in February 2005. Cytec Specialty Chemicals is made up of two business segments, Cytec Performance Chemicals and Cytec Surface Specialties.

The leadership team, which reports to Division President Shane Fleming, includes, on the Cytec Performance Chemicals side, Steve Stone as vice president and John Harrison as vice president of operations. The bulk of the business segment’s employees, including management, works out of West Paterson, Cytec’s global headquarters.

Cytec Surface Specialties, meantime, has named Frank Aranzana as vice president and Bill Madigan as vice president of operations. Most of that unit’s 2,200 employees work out of Brussels.

On the new appointments, Fleming said that an appropriate senior-level staff is vital to oversee efforts to control costs and encourage growth.

Cytec Specialty Chemicals provides specialty chemicals for customers in the coatings, mining, water treatment, plastics and adhesives sectors; its two segments employ a total of 5,000 people. The business accounts for nearly 75% of Cytec’s total pro-forma 2004 sales of some $3.0 billion.

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