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Raymond P. Sharpe Joins Cytec's Board of Directors

Published on 2005-04-22. Author : SpecialChem

WEST PATERSON, N.J. -- Cytec Industries Inc. (NYSE:CYT - News) announced results from its Annual Meeting of Stockholders. Raymond P. Sharpe was elected for the first time to Cytec's Board of Directors, and three other directors, Anthony G. Fernandes, David Lilley and Jerry R. Satrum, were elected for additional terms.

Mr. Sharpe, age 56, has been President and Chief Executive Officer of Isola Group, a privately held manufacturer of base materials for printed circuit boards, since June 2004. Before that, he was CEO of the Cookson Electronics Division of the London-based Cookson Group PLC, where he also served as a Director from 1995 to 2004. He was also a Director of SPS Technologies Inc., a manufacturer of aerospace components, from 1994 until 2004.

"I am very pleased to be welcoming someone with Ray Sharpe's global experience, judgment and knowledge of business," said Mr. Lilley, Chairman, President and Chief Executive Officer of Cytec. "I am confident that his presence on our board will be a significant asset, and we look forward to his contribution to Cytec's continuing success."

Corporate Profile

Cytec Industries is a specialty chemicals and materials technology company with pro forma sales in 2004, including the Surface Specialties acquisition, of approximately $3.0 billion. Its growth strategies are based on developing technologically advanced customer solutions for global markets including: aerospace, coatings, mining, plastics and water treatment.

Forward-Looking and Cautionary Statements

Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Achieving the results described in these statements involves a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in Cytec's filings with the Securities and Exchange Commission.

Source: Cytec Industries Inc.


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