BNET Industries

Cytec Industries Inc.

(CYT) is in the Manufacturing Industry

Market Cap:$1.6B
Last Fiscal Year Sales:$3.6B
  • Public
  • US
Dow Jones Description

Cytec Industries Inc. is a global specialty chemicals and materials company focused on developing, manufacturing and selling value-added products. Our products serve a diverse range of end markets including aerospace, adhesives, automotive and industrial coatings, chemical intermediates, inks, mining and plastics. We use our technology and application development expertise to create chemical and material solutions that are formulated to perform specific and important functions in the finished products of our customers.

President & Chief Executive Officer
Shane D. Fleming
Number of Employees 6,700
Contact Information

5 Garret Mountain Plaza

Woodland Park, New Jersey 07424

www.cytec.com

973-357-3100

NAICS Code All Other Miscellaneous Chemical Product and Preparation Manufacturing: 325998

Recent Events

  • Adami: The Basics of Basic Materials

    11/18/09 - Bond / Stock Rating - View Story

  • Reportlinker Adds Plastic Additives - Global Market Trends

    11/17/09 - Product Announcement - View Story

  • Cytec Announces New President of Engineered Materials Business

    10/28/09 - Mgmt. Change Entering - President - View Story

  • Credit Suisse Upgrades Cytec Industries CYT to Outperform

    10/16/09 - Bond / Stock Rating - View Story

  • Cytec Ind. CYT Declares $0.0125 Dividend; 0.15% Yield

    10/15/09 - Stock Split / Dividend - View Story

  • Cytec Industries Set New High For Year Friday

    10/19/09 - Financial Announcement - View Story

  • Cytec Unveils Freezer-Grade and UV Curable Pressure Sensitive Adhesives at LabelExpo

    9/27/09 - Product Announcement - View Story

  • STOCKS NEWS US-Biogen launches hostile bid for Facet

    9/21/09 - Bond / Stock Rating - View Story

  • Cytec and Mitsubishi Rayon Announce Strategic Business Collaboration

    9/16/09 - Joint Venture / Alliance - View Story

  • Cytec Industries Inc. Announces Cash Tender Offers for 5.50% Notes Due October 1, 2010 and...

    8/29/09 - Licensing / Contract - View Story

  • Cytec reports 2Q loss

    7/20/09 - Mgmt. Change Entering - General Manager - View Story

  • Double Coin to sell shares to Michelin

    7/20/09 - Financial Announcement - View Story

  • UPDATE 2-Cytec sees Q2 loss, lowers 2009 profit outlook

    6/23/09 - Financial Announcement - View Story

News & Analysis

cytec industries inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Shane D. Fleming President & Chief Executive Officer
Frank Aranzana President, Cytec Specialty Chemicals
Steven C. Speak President, Cytec Engineered Materials
David M. Drillock Vice President & Chief Financial Officer
Jeffrey C. Futterman Vice President, Information Technology
Karen E. Koster Vice President, Safety, Healath and Environment
M. Regina Charles Vice President, Human Resources
Richard Ferguson Vice President, Taxes
Roy Smith General Counsel, Vice President & Secretary
William N. Avrin President, Building Block Chemicals & Vice President, Corporate & Business Development
Thomas P. Wozniak Treasurer

Board of Directors

Name (plus bio) Position
Anthony Fernandes Board of Directors
Barry Johnson Board of Directors
Carol P. Lowe Board of Directors
Chris A. Davis Board of Directors
James R. Stanley Board of Directors
Jerry R. Satrum Board of Directors
Louis L. Hoynes Jr. Board of Directors
Ray P. Sharpe Board of Directors
Thomas W. Rabaut Board of Directors

Mr. Fleming, is President of Cytec Specialty Chemicals, consisting of the company's Water and Industrial Process Chemicals and Performance Products business segments. He was appointed to this position in May 2003. Mr. Fleming began his career in 1983 as a technical service engineer for American Cyanamid's mineral processing chemicals business in Salt Lake City, Utah. Over the next 10 years, he had assignments as a Sales Engineer and Regional Metallurgist and in sales management positions. With the formation of Cytec Industries in 1993, he was appointed General Manager of Cytec Australia to guide the start-up of this operation. In 1998, he was named Vice President Asia Pacific to lead Cytec's rapidly expanding chemical operations in Asia and the South Pacific. He was assigned to lead the Phosphine Chemicals business in August 2000 and added responsibility for Mining Chemicals in 2002, while also serving as President, Cytec Asia Pacific. He holds a BS in Fuels Engineering from the University of Utah, Salt Lake City.

Organization Position Status
Cytec Industries, Inc. President & Chief Executive Officer Current
Cytec Industries, Inc. President, Cytec Specialty Chemicals Former
Cytec Industries, Inc. Chief Operating Officer Former
Cytec Industries, Inc. Vice President, Phosphine and Mining Chemicals Former

Organization Position Status
Cytec Industries, Inc. President, Cytec Specialty Chemicals Current
Cytec Industries, Inc. Vice President, Cytec Surface Specialties Former
UCB, S.A. Director, Films & Adhesives Former

Mr. Speak is President of Cytec Engineered Materials. Mr. Speak joined Cytec in 1993 when the company acquired the structural materials business of BASF. Throughout his career within the aerospace industry, he has held a series of progressively more responsible positions in Research and Development, Product and Market Management, Global Sales & Marketing Management as well as Operations and General Management. Prior to assuming the role of President in January of 2002, Mr. Speak was Vice President and General Manager of CEM's America's and Pacific Rim unit where he was responsible for all aspects of the business. Mr. Speak received a B.S. in Chemistry in 1979 from Weber State College and an M.B.A. from Utah State University in 1984.

Organization Position Status
Cytec Industries, Inc. President, Cytec Engineered Materials Current
Cytec Industries, Inc. Vice President Former
Cytec Industries, Inc. General Manager Former
Cytec Industries, Inc. Officer Former

Mr. Drillock began his career with American Cyanamid Company in 1978 where he held a number of progressively more responsible financial positions. In 1986 he was appointed Controller of Applied Solar Energy Corporation, a publicly held company seventy percent owned by Cyanamid. He became Chief Financial Officer for the Applied Solar Energy Corporation in 1988 and served in that capacity until he returned to Cyanamid in 1990. Upon the spin-off in 1993 of Cytec as a separate independent company, Mr. Drillock was appointed Controller and in 2002 was named Vice President, Controller and Investor Relations. Mr. Drillock attended Rutgers University where he received a B. S. degree in accounting. He is certified in management accounting and financial management.

Organization Position Status
Cytec Industries, Inc. Vice President & Chief Financial Officer Current
Cytec Industries, Inc. Vice President, Investor Relations Former
Cytec Industries, Inc. Controller Former

Organization Position Status
Cytec Industries, Inc. Vice President, Information Technology Current

Organization Position Status
Cytec Industries, Inc. Vice President, Safety, Healath and Environment Current

Organization Position Status
Cytec Industries, Inc. Vice President, Human Resources Current
Ywlcs Assistant College Counselor Former

Organization Position Status
Cytec Industries, Inc. Vice President, Taxes Current

Organization Position Status
Cytec Industries, Inc. General Counsel, Vice President & Secretary Current
Cytec Industries, Inc. Board of Directors Current
Cytec Industries, Inc. Assistant General Counsel Former

Organization Position Status
Cytec Industries, Inc. President, Building Block Chemicals & Vice President, Corporate & Business Development Current

Organization Position Status
Cytec Industries, Inc. Board of Directors Current
Baker Hughes Incorporated Board Member Current
Tower Automotive, Inc. Board Member Current
Fortegra, Inc. Board of Directors Current
Black & Veatch Holding Company Board of Directors Current
ARCO Chemical Company Chairman Former

Barry Johnson, age 65, has been a director of IDEXX since March 2006. Dr. Johnson served as Dean, College of Engineering, Villanova University, from August 2002 until his retirement in May 2006. He served as Chief Technology Officer of Honeywell International, Inc., a diversified technology and manufacturing company, from July 2000 to April 2002. Prior to that, Dr. Johnson served as Corporate Vice President of Motorola, Inc., a global communications company, and Chief Technology Officer for that company’s Semiconductor Product Sector. Dr. Johnson also serves as a director of Rockwell Automation, Inc., a global automation solutions company, and Cytec Industries, Inc., a global specialty chemicals and materials company.

Organization Position Status
IDEXX Laboratories, Inc. Board of Directors Current
Plextronics, Inc. Board of Directors Current
Cytec Industries, Inc. Board of Directors Current
Rockwell Automation, Inc. Board of Directors Current
Motorola, Inc. Corporate Vice President Former
Villanova University Dean Former
Villanova University Ph.D. Former
Carnegie Mellon University Ph.D. Former
Carnegie Mellon University M.S. In Metallurgical Engineering Former
Villanova University B.S. In Mechanical Engineering Former

Organization Position Status
Trail King Industries, Inc. President Current
Cytec Industries, Inc. Board of Directors Current

Donald R. Beall Chairman Emeritus, Rockwell. Mr. Beall has been a director of our company since June 2001 and served as non-executive Chairman of the Board from June 2001 to June 2002. He is the Chairman of the Executive Committee and a member of the Technology Committee. Mr. Beall is the retired Chairman and CEO of Rockwell and was a director of Rockwell from 1978 to February 2001. He served as Chairman/CEO of Rockwell from 1988 to February 1998 and President from 1979 to 1988. Mr. Beall serves on the board of CT Realty. He is a former director of Conexant Systems, Jazz Semiconductor, Mindspeed Technologies, Skyworks Solutions, Procter & Gamble, Times Mirror, Amoco and ArvinMeritor. He is a member of various University of California - Irvine supporting organizations, an Overseer of the Hoover Institute at Stanford and a former trustee of California Institute of Technology. He is also a member of the Business Executives for National Security; on the Presidents’ Circle of National Academies of Science, Engineering & Medicine; and member of numerous Young Presidents Organization Alumni groups. He is a Fellow of the American Institute of Aeronautics and Astronautics. He is an advisor to the San Jose State University School of Engineering; and a trustee and President’s Circle member of the Naval Postgraduate School Foundation. He is an investor, director and/or advisor with several private companies and investment partnerships. Anthony J. Carbone Retired Vice Chairman of the Board and Senior Consultant, The Dow Chemical Company. Mr. Carbone has been a director of our company since June 2001. He is the Chairman of the Compensation Committee and a member of the Executive Committee. Mr. Carbone served as Vice Chairman of the Board of Directors of The Dow Chemical Company (chemical, plastic and agricultural products) from February 2000 to October 2005 and Senior Consultant of Dow from November 2000 to October 2005. He served as Executive Vice President of Dow from November 1996 to November 2000. He is a former director of Dow. He is a member of the American Chemical Society and former board member and Chairman of the American Plastics Council and the Society of Plastics Industries. Mr. Carbone has served on the Advisory Council of the Heritage Foundation. Chris A. Davis General Partner, Forstmann Little & Co. Ms. Davis has been a director of our company since February 2002 and is the Chairman of the Audit Committee. She became a General Partner with Forstmann Little & Co. (private equity firm) in October 2005 after having served them as a Special Limited Partner since August 2001. She served as Chairman of McLeodUSA Incorporated (telecommunications) from August 2005 to January 2006, Chairman and Chief Executive Officer of McLeodUSA from April 2002 to August 2005 and Chief Operating and Financial Officer of McLeodUSA from August 2001 to April 2002. She served as Executive Vice President, Chief Financial and Administrative Officer of ONI Systems (telecommunications) from May 2000 to August 2001. She served as Executive Vice President, Chief Financial and Administrative Officer and director of Gulfstream Aerospace Corporation (business aircraft) from July 1993 to April 2000. She is a member of the board of directors of Cytec Industries, Inc., IMG Worldwide, 24 Hour Fitness Worldwide and ENK International, and is a former director of Aviall, Inc. and Wolverine Tube, Inc.

Organization Position Status
Forstmann Little & Co. General Partner Current
Img-Worldwide.Com Board of Directors Current
Airshow, Inc. Board of Directors Current
Aviall, Inc. Board of Directors Current
Rockwell Collins, Inc. Board of Directors Current
Cytec Industries, Inc. Board of Directors Current
McLeodUSA Incorporated Board of Directors Current
McLeodUSA Incorporated Chief Executive Officer Former
ONI Systems Cfo Former
Gulfstream Aerospace Corporation Cao Former
McLeodUSA Incorporated Chief Financial Officer Former
Gulfstream Aerospace Corporation Executive Vice President Former
ONI Systems Executive Vice President Former
General Dynamics Corporation Vice President Former
ONI Systems Administrative Officer Former
O'Melveny & Myers LLP Former
McLeodUSA Incorporated Chairman Former
Wolverine Tube Inc. Director Former
Gulfstream Aerospace Corporation Director Former
McLeodUSA Incorporated member Former
Gulfstream Aerospace Corporation member Former
Cytec Industries, Inc. member Former

Organization Position Status
Cytec Industries, Inc. Board of Directors Current
Howmet International, Inc. Chief Executive Officer Former
Howmet International, Inc. President Former

Organization Position Status
Georgia Gulf Corporation Chief Executive Officer Current
Georgia Gulf Corporation President Current
Royal Group Technologies Director Current
Pvc News Director Current
Georgia Gulf Corporation Director Current
Cytec Industries, Inc. Board of Directors Current
Georgia Gulf Corporation Audit Committee Member Current

Organization Position Status
Cytec Industries, Inc. Board of Directors Current
Wyeth Executive Vice President & General Counsel Former

Organization Position Status
Isola Group, Inc Chief Executive Officer Current
Cytec Industries, Inc. Board of Directors Current
Cookson Electronics Inc. CEO Former
Isola Group, Inc President Former
The Cookson Company Former
SPS Technologies LLC Director Former
Cookson Group plc Board Director Former
East Carolina University Former

Organization Position Status
Cytec Industries, Inc. Treasurer Current

Tom Rabaut became President and Chief Executive Officer of United Defense January 28, 1994. United Defense is a public company trading on the New York Stock Exchange with sales in excess of $2 billion. It has strong market positions in armored combat vehicles, weapons delivery systems, components for military vehicles, ship overhaul and conversion, training systems, and logistics support services. Mr. Rabaut joined FMC in 1977 and worked in a variety of manufacturing management positions in the Power Transmission Group. In 1982, he became Operations Manager of FMC's Fluid Control Division serving the petroleum equipment industry. In 1986, Mr. Rabaut entered FMC's defense business as General Manager of the company's Steel Products Division. In 1989, Mr. Rabaut became the Operations Director of FMC's Ground Systems Division, and in April 1990, he was appointed Vice President and General Manager of Ground Systems Division. In 1993, Mr. Rabaut assumed the position of General Manager of FMC's Defense Systems Group, overseeing operations in the U.S., Turkey and Sweden, serving U.S. and allied armies, navies, and marines. In 1994, he was elected a Vice President of FMC Corporation. In January 1994, the FMC Defense Systems Group was combined with HARSCO's defense group to form United Defense. Mr. Rabaut graduated, with a Bachelor of Science degree, from the U.S. Military Academy at West Point and a Masters in Business Administration from the Harvard Business School. During his five years as an Army officer, he served in company- and battalion-level positions with the 1st and 4th Armored Divisions and the 66th Military Intelligence Group. Mr. Rabaut is a Trustee of Stevens Institute of Technology, Chairman of Bofors Defence, board member United Defense Industries, board member FNSS. Mr. Rabaut is a member of Aerospace Industries Association and the Association of the Industrial College of the Armed Forces. He serves as a member of the AUSA Council of Trustees and the National Infantry Board. Mr. Rabaut served as a member of the Defense Policy Advisory Committee on Trade (DPACT). He is a representative of The Middle East Institute and a member of the Association of the United States Army, the Navy League of the United States, National Guard Association of the United States, U.S. Army Ordnance Corps Association, National Infantryman's Association, and the Naval Surface Warfare Association. Mr. Rabaut served as Chairman of the Board of Directors of the National Defense Industrial Association and co-chairman of the Industrial Committee of Tank and Automotive Producers. Tom and his wife, Sheila, have three children and live in Great Falls, Virginia.

Organization Position Status
Bae Systems, Inc. President, Chief Executive Officer and Director Current
BAE Systems Land & Armaments Operating Group President, Chief Executive Officer and Director Current
Middle East Institute Representative Current
Stevens Institute of Technology Trustee Current
The Navy League of The United States Current
Aerospace Industries Association, Inc Board of Directors Current
Association of The United States Army Board of Directors Current
Cytec Industries, Inc. Board of Directors Current
Kaman Corporation Board of Directors Current
National Infantry Foundation Board of Directors Current
Association of The United States Army Member Current
Aerospace Industries Association, Inc Member Current
FMC Corporation Vice President Former
Bae Systems, Inc. General Manager Former
FMC Corporation Operations Director Former
Harsco Corporation Former
BAE Systems Land & Armaments Operating Group Chairman Former
BAE Systems Land & Armaments Operating Group Board Member Former
Harvard Business School Masters In Business Administration Former
United States Military Academy Bachelor of Science Degree Former
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     CYT $34.75 -0.11 (-0.32% )
Average Volume 591,358
Shares Outstanding 48.62M
Market Cap 1.7B
Year High 39.57
Year Low 10.5
Earnings Per Share -7.54
P/E Ratio -4.61
Dividend 0.05
Yield 0.14
Glass Door

Cytec

CEO Rating

William N. Avrin

VP, Corporate and Business Development; President, Cytec Building Block Chemicals

0% Approve

Employer Rating
“Very Satisfied!” 4.0 3.0
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