NEW YORK, Jul 15, 2010 (BUSINESS WIRE) --
Minerals Technologies Inc. (NYSE: MTX) announced today that
Douglas T. Dietrich has been appointed senior vice president and chief
financial officer effective January 1, 2011. Mr. Dietrich, vice
president, Business Development and Treasury, will succeed John A.
Sorel, who is retiring from the company early in 2011 after 37 years of
service.
"We are fortunate to have someone of Doug Dietrich's caliber and
business experience to step into the position that has been so
competently filled by John Sorel," said Joseph C. Muscari, chairman and
chief executive officer. "For the remainder of 2010, Mr. Sorel, who has
made numerous significant contributions to the growth and success of
Minerals Technologies, will be actively involved in the transition of
responsibilities."
Douglas T. Dietrich joined the company as head of Corporate Development
and Treasury in August 2007. Before joining Minerals Technologies, Mr.
Dietrich was vice president, Alcoa Wheel Products--Automotive Wheels, a
global division with six manufacturing facilities located in the U.S.,
Canada, Venezuela, and Russia.
During his tenure at Alcoa, he also served as president, Alcoa Latin
America Extrusions, with operations located in Brazil, Venezuela, the
United States, Korea and Russia; general manager, Global Rod and Bar
Products, producing specialty alloys for the Automotive and Aerospace
industry; and as manager, Business Development and Strategic Global
Sourcing--Asia & Latin America, where he developed and implemented a
low-cost country sourcing strategy with focus on China and Brazil.
Before joining Alcoa, Mr. Dietrich worked for Eaton Corporation and
Westinghouse Electric Corporation where he held various positions in
Engineering and Operations Management.
Doug Dietrich holds an MBA in Finance from The Wharton School at the
University of Pennsylvania and a Bachelor of Science degree in
Mechanical Engineering from the University of Michigan.
John Sorel began his career as assistant controller with the Pfizer
Minerals, Pigments and Metals Division in 1973 and over the years moved
into roles of increasing responsibility. After Minerals Technologies
became an independent company from Pfizer in 1992, he moved from Finance
to Operations, where as vice president and managing director-Paper PCC,
he was instrumental in expanding the company's PCC business
internationally. In November 2002, he was appointed senior vice
president-Finance, chief financial officer and treasurer.
Minerals Technologies Inc. is a global 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. The company recorded sales of $907.3
million in 2009.
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For further information about Minerals Technologies Inc. look on the
internet at http://www.mineralstech.com/
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SOURCE: Minerals Technologies Inc.
Minerals Technologies Inc.
Rick B. Honey, 212-878-1831
