Cytec Industries Inc. Appoints New CFO.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. -- Cytec Industries Cytec Industries is a specialty chemicals and materials technology company with pro-forma sales in 2004, including the Surface Specialties acquisition, of approximately $3.0 billion. Cytec is a result of its spin-off from American Cyanamid Company. Inc. today announced that David M. Drillock has been elected Chief Financial Officer. Additionally, Mr. Drillock was named a member of Cytec's four person Executive Committee. Mr. Drillock began his career with American Cyanamid American Cyanamid was a large, diversified, American chemical manufacturer. Lederle Laboratories, maker of Centrum and Stresstabs vitamins, was Cyanamid's pharmaceutical division. Davis & Geck was the company's medical device division. Company in 1978 where he held a number of progressively more responsible financial positions. In 1986 he was appointed Controller of Applied Solar Energy Corporation, a publicly held company seventy percent owned by Cyanamid cy·an·am·ide also cy·an·am·id n. 1. A caustic acidic crystalline compound, NHCNH, prepared by treating calcium cyanamide with sulfuric acid. 2. Calcium cyanamide. Noun 1. . He became Chief Financial Officer for the Applied Solar Energy Corporation in 1988 and served in that capacity until he returned to Cyanamid in 1990. Upon the spin-off in 1993 of Cytec as a separate independent company, Mr. Drillock was appointed Controller and in 2002 was named Vice President, Controller and Investor Relations Investor relations The process by which the corporation communicates with its investors. . Mr. Drillock attended Rutgers University where he received a B. S. degree in accounting. He is certified in management accounting and financial management. "David has been a key member of Cytec's financial team since the inception of Cytec, is known to our shareholders and investor community and his appointment as CFO See Chief Financial Officer. is the next step in his career progression" said David Lilley, Chairman of the Board, President and Chief Executive Officer of Cytec." 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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