Lilley Appointed Chairman of Cytec
25 January 1999
Lilley Appointed Chairman of Cytec
WEST PATERSON, N.J.--Jan. 25, 1999--Cytec Industries Inc. announced today that David Lilley, President and Chief Executive Officer, has assumed the additional responsibility of Chairman of the Board of Directors following the retirement of former Chairman, Darryl D. Fry. Lilley is now Chairman, President and Chief Executive Officer of Cytec. Fry will continue as a member of the Board.
Lilley was appointed Chief Executive Officer in May, 1998, and was named President and Chief Operating Officer and a member of the Board in January, 1997. From 1994 until that date, he was a vice president of American Home Products Corporation, and previously he was a vice president and a member of the Executive Committee of American Cyanamid Company.
Fry had held the position of Chairman of the Board since the formation of Cytec in late 1993. He also held the positions of President through January, 1997 and Chief Executive Officer through May, 1998.
Cytec Industries Inc. is a vertically integrated specialty chemical company which focuses on value-added specialty products. The company develops, manufactures and markets specialty chemicals, specialty materials and building block chemicals serving a broad group of end users, including aerospace, plastics, coatings, mining, paper, water treatment, and automotive industries.