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Cytec Announces New Treasurer and Corporate Controller

Tue, 12/11/2012 - 3:13am
The Associated Press

Woodland Park, New Jersey, December 11, 2012 - Cytec Industries Inc. (NYSE:CYT) announced today the appointment of Jeffery Fitzgerald as Treasurer and Raymond Heslin as Corporate Controller, effective January 1, 2013.  Mr. Fitzgerald was Corporate Controller of Cytec for 5 years and over his 25 years with the company has held several progressively more responsible financial positions within the finance organization, including 8 years as Controller of the Engineered Materials business.  He most recently led the integration of the July, 2012 acquisition of Umeco Plc into Cytec. 

Replacing Mr. Fitzgerald as Corporate Controller will be Raymond Heslin.  Mr. Heslin has been with Cytec since August, 1994.  He began his Cytec career as Internal Audit Director and has held a number of responsible financial positions, including his latest as Assistant Corporate Controller.  He most recently led the financial separation related to the sale of the Coating Resin business expected to close in the first quarter of 2013. 

"We are pleased to have the depth within Cytec's financial organization and both Jeff and Ray have had outstanding careers within Cytec" David Drillock, Vice President and Chief Financial Officer commented.  "I look forward to their future contributions in their new roles as Cytec continues its progress on its portfolio transformation.  This is an exciting time for Cytec and with a strong Finance Team, I have great confidence we will contribute to Cytec's success now and in the future."

Both Mr. Fitzgerald and Heslin will remain located at Cytec's Woodland Park, New Jersey headquarters. 

Corporate Profile Cytec's vision is to deliver specialty material and chemical technologies beyond our customers' imagination. Our focus on innovation, advanced technology and application expertise enables us to develop, manufacture and sell products that change the way our customers do business. Our pioneering products perform specific and important functions for our customers, enabling them to offer innovative solutions to the industries that they serve. Our products serve a diverse range of end markets including aerospace and industrial materials, mining and plastics.

Contact Jodi Allen Investor Relations (973) 357-3283

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Cytec Industries Inc via Thomson Reuters ONE

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