Minerals Technologies Board of Directors Elects Douglas T. Dietrich Chief Executive Officer
(Thomson Reuters ONE) -
NEW YORK, December 13, 2016--The Board of Directors of Minerals Technologies
Inc. (NYSE: MTX) announced today that it has elected Douglas T. Dietrich, 47, as
Chief Executive Officer.
"After an extensive search process, the Board of Directors has determined that
Doug Dietrich is the most qualified candidate to assume the leadership of
Minerals Technologies," said Duane R. Dunham, Chairman of the Board. "We are
extremely fortunate to have someone of Doug's caliber to lead this company in
the coming years. Doug has been with the company in senior leadership positions
since 2007, and was deeply involved--along with our strong management team--in
transforming MTI into a high-performing company. He is a strong business leader
with a solid background in engineering, manufacturing, finance, general
management and mergers and acquisitions."
"I am extremely honored that the Board of Directors has selected me to serve as
chief executive officer of Minerals Technologies," said Mr. Dietrich. "MTI will
continue to execute our key growth strategies of geographic expansion, new
product innovation and acquisitions to increase shareholder value. We will
maintain our high-performance culture, which is built upon Operational
Excellence across all aspects of our business, and is driven by integrity,
discipline, and transparency--all aimed at creating the highest value for our
customers."
The MTI Board of Directors conducted a four-month long search for a new chief
executive officer after Joseph C. Muscari, former Chairman and Chief Executive
Officer, died unexpectedly on September 3, 2016. On September 4, the Board
elected Mr. Dunham, former Chairman and Chief Executive of Bethlehem Steel and a
board member since 2002, as Chairman. The Board also named Mr. Dietrich and
Thomas J. Meek as Interim Co-Chief Executive Officers. Mr. Dietrich had been
Senior Vice President, Finance and Treasury, and Chief Financial Officer. Mr.
Meek's position was Senior Vice President, General Counsel, Human Resources,
Corporate Secretary and Chief Compliance Officer. The search included both
internal and external candidates and culminated late last week with the election
of Mr. Dietrich.
Doug Dietrich has been involved in the day-to-day operation of MTI since 2007
and has extensive knowledge of all aspects of the company. In his most recent
position as Chief Financial Officer, which he assumed in 2011, he had global
responsibility for Finance, Tax, Treasury, Audit, Information Technology and
Global Shared Service Functions. He joined MTI as Vice President, Corporate
Development and Treasury, where he led the company's Corporate Strategy and M&A
initiatives and Treasury function.
Before joining MTI, Mr. Dietrich served as Vice President, Alcoa Wheel Products
- Automotive Wheels, a division with six manufacturing facilities located in the
U.S., Canada, Venezuela, and Russia. He previously served as president of Alcoa
Latin America Extrusions, a business unit with operations located in Brazil,
Venezuela, the United States and Korea. He also served as General Manager,
Global Rod and Bar Products, which produced specialty alloys for the Automotive
and Aerospace industries. His first position with Alcoa was 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.
He holds a Bachelor of Science degree in Mechanical Engineering from the
University of Michigan and an MBA in Finance from The Wharton School at the
University of Pennsylvania. He and his wife Julie and their two children live in
New York City.
The company will announce additional management changes in the coming weeks that
have been created as a result of Mr. Dietrich's election.
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
$1.798 billion in 2015.
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For further information about Minerals Technologies Inc. look on the internet at
http://www.mineralstech.com/
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Contact:
Rick B. Honey
(212) 878-1831
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Minerals Technologies Inc via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 13.12.2016 - 14:01 Uhr
Sprache: Deutsch
News-ID 512570
Anzahl Zeichen: 5591
contact information:
Town:
New York
Kategorie:
Business News
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