Minerals Technologies Inc. Announces Reorganization
Anton Dulski, chief operating officer, will reduce his day-to-day responsibilities. He will remain executive vice president with the company. In this role he will have two major responsibilities--to continue to pursue worldwide acquisition opportunities and to further strengthen the company's relationships within the global steel industry.
"In the past year, Minerals Technologies has taken a number of actions to maintain our profitability in a difficult economic environment and to create a viable platform for growth. We focused our resources to take advantage of some strategic acquisition opportunities, we restructured our operations, we controlled expenses and we targeted areas where our technology would allow us to add value," said Paul R. Saueracker, chairman, president and chief executive officer. "Anton Dulski was instrumental in carrying out this necessary preparatory work. This company will continue these efforts. We, therefore, have made a number of changes in the management structure to maintain our focus and to ensure our future growth."
John A. Sorel, formerly vice president and managing director, Paper PCC (precipitated calcium carbonate), has been appointed senior vice president, Corporate Development and Finance. Mr. Sorel will be responsible for Finance, Strategic Planning, Purchasing and Logistics, and Information Technology.
Kenneth L. Massimine, vice president and managing director, Processed Minerals, has been named senior vice president, Paper PCC, which is part of the Specialty Minerals segment. In addition to being responsible for the PCC business for the paper industry, Mr. Massimine will also oversee Specialty Minerals Research and Development.
Howard R. Crabtree, vice president of Organization and Human Resources, has been appointed senior vice president responsible for MINTEQ, which is the operating division in the company's Refractories segment. Mr. Crabtree will also be responsible for the company's Technology group. Before entering Human Resources and attaining positions of increasing responsibility in that field, Mr. Crabtree held various production and plant management positions in the food and pharmaceutical industries.
D. Randy Harrison, who has been vice president and general manager, Specialty PCC, has been named vice president and managing director, Performance Minerals. He will be responsible for Processed Minerals, a product line in the Specialty Minerals segment, and Specialty PCC, a portion of the PCC product line in the Specialty Minerals segment.
Gordon Borteck has been appointed vice president of Organization and Human Resources. He had been vice president, Human Resources for Specialty Minerals Inc.
Mr. Harrison and Mr. Borteck will join Mr. Saueracker, Mr. Sorel, Mr. Crabtree, Mr. Massimine, and Neil M. Bardach, chief financial officer and treasurer, on the company's management committee.
Rick B. Honey has been appointed vice president, Investor Relations/Corporate Communications. He had been director, Investor Relations/Corporate Communications. He will continue to report to Mr. Saueracker.
S. Garrett Gray will remain vice president and general counsel with responsibility for Legal, Intellectual Property and Employee Health and Safety. He will continue to act as secretary to the management committee and report to Mr. Saueracker.
Gerald Mehner, vice president and general manager for Synsil Products Inc., will now report to Mr. Saueracker.
"With these changes, and with the continued effort and dedication of all our employees, MTI is poised to enter a new era of growth," said Mr. Saueracker.
Minerals Technologies is a global resource- and technology-based growth company that develops and produces performance enhancing minerals and other products for the paper, steel, polymer and other manufacturing industries. The company had sales of $670.9 million in 2000.
For further information about Minerals Technologies Inc., call 1-888-MTX-NEWS (689-6397); or, look on the Internet at http://www.mineralstech.com/
CONTACT: Minerals Technologies Inc., New York
Rick B. Honey, 212/878-1831
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