CYTEC Industries Elects New Director.Business & High Tech Editors WEST PATERSON West Paterson (păt`ərsən), borough (1990 pop. 10,982), Passaic co., NE N.J., a suburb of Paterson; inc. 1914. Electric, electronic, and photographic products are made in the borough. , N.J.--(BUSINESS WIRE)--April 13, 2000 Cytec Industries Inc. (NYSE NYSE See: New York Stock Exchange :CYT) announced that at the Company's Board of Directors meeting held today, Ms. Chris A. Davis was elected to Cytec's Board of Directors. Ms. Davis is Executive Vice President and Chief Financial and Administrative Officer of Gulfstream Aerospace Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of General Dynamics Corporation (NYSE: GD), and is also a Vice President of General Dynamics Corporation. Prior to joining Gulfstream in 1993, Ms. Davis spent 17 years at General Electric Company where she held numerous financial management positions. David Lilley, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , commented, "Chris' extensive operational and financial experience will be invaluable to Cytec and the Board of Directors. We all look forward to Chris making a significant contribution to the continuing successful growth of Cytec." Cytec Industries is a specialty chemicals and materials technology company with 1999 sales of $1.4 billion and diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of of $2.73. Its growth strategies are based on developing technologically advanced customer solutions for global markets, including aerospace, plastics, industrial coatings, mining, paper and water treatment. Cytec is in the S & P Mid-cap 400 index. |
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