NEW YORK, March 19, 2015-Minerals Technologies Inc. (NYSE: MTX) announced today that its Board of Directors has appointed Alexander Masetti Vice President and Managing Director of its Paper PCC business unit. Mr. Masetti joins Minerals Technologies Inc. from Air Products and Chemicals, Inc., where he held various business unit and executive positions. He will become an officer of Minerals Technologies and a member of the company's management team.
"I am very pleased to have someone of Alex Masetti's caliber and business experience join MTI," said Joseph C. Muscari, Chairman and Chief Executive Officer. "Alex's main focus will be on continuing the growth of Paper PCC, our largest business unit, through geographic expansion and new product innovation."
Mr. Masetti will succeed D.J. Monagle, III, Chief Operating Officer, Specialty Minerals Inc. and Minteq Group, who was named to that position in February of 2014. In his new position with Minerals Technologies, Mr. Masetti will be responsible for the operation of the company's 60 precipitated calcium carbonate (PCC) plants located on site at paper mills around the world.
Mr. Masetti joined Air Products in 1981 as an Applications Engineer and was promoted to positions of increasing responsibility. In 1990, he was named Vice President, Gases Division of San Fu Chemical Company Ltd., a joint venture with Air Products. He was appointed Global Marketing Manager for the Electronics Division in 1994; Vice President of Daido Air Products Electronics in 1997; Director of Investor Relations in 2000; and Regional Vice President, Tonnage Gases North America in 2004. In 2009, he was named Vice President, Continuous Improvement Center of Excellence.
He holds a Bachelor of Science degree in Mechanical Engineering from Lafayette College in Easton, Pennsylvania, and a Masters of Business Administration from Lehigh University in Bethlehem, Pennsylvania.
New York-based Minerals Technologies Inc. is a resource- and technology-based growth company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. MTI serves the paper, foundry, steel, environmental, energy, polymer and consumer products industries. The company reported sales of $1.725 billion in 2014.
For further information about Minerals Technologies Inc. look on the internet at http://www.mineralstech.com/
Rick B. Honey