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HOECHST CELANESE ENDOWS SCHOLARSHIP TO COLLEGE OF ENGINEERING AT TEXAS TECH UNIVERSITY

 HOECHST CELANESE ENDOWS SCHOLARSHIP TO COLLEGE
 OF ENGINEERING AT TEXAS TECH UNIVERSITY
 SOMERVILLE, N.J., Jan. 13 /PRNewswire/ -- Hoechst Celanese Corporation announced today that it has endowed a scholarship to the College of Engineering at Texas Tech University in the name of retired Vice President C.E. "Gene" Steel.
 Scholarships from the Gene Steel - Hoechst Celanese Endowment will be awarded annually to promising engineering majors at the discretion of the chemical engineering department at Texas Tech.
 Steel, who is an alumnus of Texas Tech, retired Jan. 1, 1992, after 34 years with the company.
 "Gene has had a distinguished career at Hoechst Celanese, serving the company well at the plant level in Texas through to his tenure at the corporate level in New Jersey," said Dr. Ernest H. Drew, president and chief executive officer of Hoechst Celanese Corporation. "This endowment is in honor of Gene's many contributions to the company's success."
 Those wishing to contribute to the Gene Steel - Hoechst Celanese Endowment may make checks payable to the T.T.U. Foundation and send them to:
 T.T.U. Foundation
 Gene Steel - Hoechst Celanese Endowment
 College of Engineering
 Texas Tech University
 P.O. Box 43103
 Lubbock, Texas 79409
 The check or accompanying letter must indicate the contribution is designated to the Gene Steel - Hoechst Celanese Endowment.
 Steel joined the company in 1957 as a chemist at the Pampa, Texas, chemical plant. He went on to hold positions of increasing responsibility at the company's chemical facilities, including superintendent of personnel, industrial relations manager, and director/administration at the technical center in Corpus Christi, Texas.
 In 1972, he was named plant manager of the Pampa plant. In 1980, he moved on to become plant manager at the company's Clear Lake, Texas, chemical plant.
 In 1985, he was appointed vice president and general manager of Virginia Chemicals, a company subsidiary in Portsmouth, Va. In 1986, he was named vice president, resource administration, for the former Specialties Group.
 In 1987, he was named vice president, human resources, for Hoechst Celanese Corporation, and in 1988, he was appointed vice president, administration. Steel was a member of the company's operating and executive committees. He also was chairman and chief executive officer of Hoechst Celanese Foundation, Inc., the corporation's philanthropic organization, and chairman of the Hoechst Celanese Corporation Political Action Committee. He serves on the board of Clark Atlanta University, and is a member of the Industry Advisory Board of the American Society of Mechanical Engineers.
 Steel holds a bachelor of science degree in chemistry from Texas Tech University.
 Hoechst Celanese is a wholly owned subsidiary of Hoechst AG of Germany, with leading positions in chemicals, fibers, advanced materials and technologies, and the life sciences.
 -0- 1/13/92
 /CONTACT: Andrea Stine of Hoechst Celanese, 908-231-3752/ CO: Hoechst Celanese Corporation ST: New Jersey, Texas IN: SU:


CK -- NY041 -- 9094 01/13/92 12:28 EST
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Publication:PR Newswire
Date:Jan 13, 1992
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