BNET Industries
Last Fiscal Year Sales:$1.1B
- Public
- US
Dow Jones Description
Fibers, Plastic Packaging & Engineering Resins Mfr
Chairman, Chief Executive Officer, and Director
Thomas DuffNumber of Employees 1,025
Contact Information
1041 521 Corporate Center Dr
Fort Mill, South Carolina 29715
(803) 835-2000
Peer Companies
NAICS Code Noncellulosic Organic Fiber Manufacturing: 325222
Recent Events
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Eleven Professionals Who Led Five Successful Turnarounds or Transactions to be Honored at TMA Annual
News & Analysis
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wellman inc. - All News and Analysis
Brush Wellman Inc. Appoints Mark M. Comerford President of Alloy Products
CLEVELAND -- Brush Wellman Inc. announced today that Mark M. Comerford has been appointed President, Alloy Products. Alloy Products is the largest business unit within Brush Wellman Inc. Comerford now has senior management responsibility for Alloy Products' manufacturing, technology, supply chain and commercial activities. With domestic manufacturing operations...
Brush Wellman Inc. Signs Technology Investment Agreement with U.S. Department of Defense for Construction and Start Up of Primary Beryllium Facility
CLEVELAND -- Brush Wellman Inc. announced today that it has signed a Phase II Technology Investment Agreement TIA with the U.S. Department of Defense DOD for the construction and start up of the $90.4 million primary beryllium facility at the Company's Elmore, Ohio production facility. The Phase I TIA previously...
WELLMAN PROBED FOR PRICE FIXING.(in the polyester staple industry)(Brief Article)
Byline: SCOTT MALONE NEW YORK -- Wellman Inc. last week became the third major U.S. fiber company to be caught up in a federal investigation into price fixing in the polyester staple industry. The U.S. Department of Justice has been...
Justice Department targets New Jersey polyester maker in price-fixing probe.
By Charles Lunan, The Charlotte Observer, N.C. Knight Ridder/Tribune Business News Jul. 8--Investors bid down the price of Wellman Inc.'s stock by nearly 9 percent Wednesday after it divulged that federal antitrust investigators were seeking to indict it for allegedly fixing prices...
More Commodity Firms Post Declines.(Lyondell Chemical Co., Millennium Chemicals Inc., Wellman Inc.)(Brief Article)(Statistical Data Included)
MORE INDUSTRIAL CHEMICAL FIRMS have reported hefty declines in second-quarter earnings. Lyondell Chemical's net income tumbled 94% before one-time items, to $4 million, on sales down 7.6%, to $902 million. "Trough conditions" in styrene and at Equistar--its 41%-owned olefins and derivatives affiliate--were offset by a strong...
Polyester Makers Check Options As PTA Price Difference Widens
THE DISPARITY BETWEEN prices in the US and the Far East and the threat of two grassroots polyester plants have US purified terephthalic acid buyers taking a new look at options. The situation in the Far East has caused that market to tumble, but...
Program Director Thermal Management Materials Appointed by Brush Wellman Inc
CLEVELAND--BUSINESS WIRE--July 25, 1997--Brush Wellman Inc. NYSE Ceramic division, announced the appointment of Gordon Hammers to the position of Program Director of Thermal Management Materials. Mr. Hammers comes to Brush Wellman from his position as VP & General Manager of Operations at Circuits Processing Technology. His responsibilities...
Brush Wellman Inc. Receives Strategic Supplier Award for 1997 From C.P.I
CLEVELAND--BUSINESS WIRE--July 15, 1997--Brush Wellman Inc. (NYSE:BW) announced today that it has received the Strategic Supplier Award for 1997, from Communications & Power Industries (C.P.I.) Palo Alto, California, facility. Brush Wellman supplies ceramic products to C.P.I. C.P.I. currently has approximately 85 suppliers, of which 35 are...
Arthur Coakley appointment announced by Brush Wellman Inc
CLEVELAND--BUSINESS WIRE--June 23, 1997--Brush Wellman Inc. (NYSE:BW) announced the appointment of Arthur Coakley to the position of Eastern Regional Sales Manager, Ceramic Division. Mr. Coakley comes to Brush Wellman from his position as Engineering Manager at Ceramic Technology, Division of Allaire Industries. Areas of experience in...
Wellman announces stock repurchase program
SHREWSBURY, N.J.--BUSINESS WIRE--June 17, 1996--The Board of Directors of Wellman Inc. (NYSE: WLM) has authorized the company to repurchase up to 2.5 million shares, or approximately 7.5 percent, of its outstanding common stock. Wellman plans to buy back the stock through open market purchases.Wellman President and CEO, Thomas M....
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Clifford J. Christenson | President & COO |
| David Styka | Chief Accounting Officer, Controller & Vice President |
| Ernest G. Taylor | Chief Admin Officer & Vice President |
| Keith Phillips | Cfo, Treasurer & Vice President |
| Steve Ates | Vice President, Chief Operating Officer View Full Bio |
| Joseph Tucker | Senior Vice President, Raw Matl Procurement & Strategic Dev |
| Chuck Cooper | Vice President |
| Ian Shaw | Vice President, Manufacturing & R & D |
| Ruud Enter | General Manager, Wellman, Europe |
| Dennis Sabourin | Director, Investor Relations |
| Grace Lambert | Manager, Advertising |
| Gisela Katz | Analyst, Marketing |
| Michael Bermish | Investor Relations Officer |
| Audrey Goodman | Treasurer |
| Roger A. Vandenberg | Director |
| Tom Walker | Secretary |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Thomas Duff | Chairman, Chief Executive Officer, and Director |
| James E. Rogers | Compensation Committee Chairman |
| Richard F. Heitmiller | Governance Committee Chairman |
| David A. Barr | Board of Directors |
| James B. Baker | Board Director |
| Kevin J. Kruse | Board of Directors |
| Mark Ruday | Board of Directors |
| Oliver M. Goldstein | Board of Directors |
| Roger A. Vanderberg | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Chairman, Chief Executive Officer, and Director | Current |
| Wellman Engineering Resins Division | President | Current |
| Wellman Polymer Products Division | CEO | Former |
| Wellman, Inc. | President | Former |
| Wellman, Inc. | Coo | Former |
| Wellman, Inc. | Vice President | Former |
| Wellman, Inc. | General Manager | Former |
| United Pet Supply Inc. | Former | |
| Wellman, Inc. | Board Director | Former |
| Rutgers University | Bachelors Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | President & COO | Current |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Chief Accounting Officer, Controller & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Chief Admin Officer & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Cfo, Treasurer & Vice President | Current |
| Wellman, Inc. | Treasurer | Current |
| Ernst & Young | Former | |
| Bryant College | MBA | Former |
| Brown University | Former |
Steven L. Ates. Mr. Ates has been Vice President, Sales and Marketing since March 2007. Prior to that, he was Business Manager for our North American PET Resins business and has held various sales and technical positions in our fiber and PET business units.
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Vice President, Chief Operating Officer View Full Bio | Current |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Senior Vice President, Raw Matl Procurement & Strategic Dev | Current |
| Wellman, Inc. | Vice President, Raw Material Procurement and Strategic Development | Former |
| Celanese Corporation | Former | |
| Purdue University | Ph.D | Former |
| Purdue University | Masters Degree | Former |
| Southern Illinois University | Graduate | Former |
| Southern Illinois University | degree in Chemistry | Former |
During the Dialcom years he helped develop, among other things, "The Source," a precursor to AOL. Designated the term "chat" for a command developed to link users who were online at the same time, and the name stuck. Another interesting system Tom wrote was for the U.S. Congress, allowing them to respond to, file and later re-initiate correspondence with constituents. Freshman Al Gore was a customer. At one point had 240 members using the system. This was before PCs became available. In January 1986 left ITT, to start own company with wife, Watson & Walker, Financed the company and did the marketing and editing. Held classes here and abroad, started a newsletter of operating system advice in 1991 that's still going strong and wrote two pieces of monitoring software. He moved to Tampa in 1989, followed by Sarasota in 1991. On the board of local brush painting society, and for the last couple of years served on the board of FCAN (Florida Consumer Action Network) where he met Jerry Lieberman who invited him to join the Humanists of Florida Association. Treasurer Bob La Salle Englewood: Bob worked for what is now Verizon, for a total of 37 years, retiring in 2000. Most of that time was spent in management as a Supervisor and Manager. While I was working, I attended school nights and achieved an Associates degree in Electronics, and Bachelor's and Master's degrees in Business Management. I taught some PC and Management courses at the college level for 2 years and had extensive teaching experience with the phone company-training engineers in the nuances of telephone and computer program skills. In addition, I worked for H & R Block as a Tax Professional for 2 years after I retired. I have been your Treasurer since June of 2004 and was recently elected Treasurer of The Lemon Bay Playhouse in Englewood, FL. Immediate Past President: Dennis Deshaies St. Augustine: Dennis served as President of HoFA from April 2000 April 2003. He is also a founder, a former two-term President and current President of the Humanists of Northeast Florida and has been a lifetime advocate/activist for civil and human rights. Dennis retired in 1994 after a career in a succession of leadership and executive positions, in which he says he was able to earn an income while fulfilling his personal commitment to existential humanism by applying humanistic and social science principles in significant areas of social organization. After earning a Masters degree in Sociology at the University on Chicago, in 1962 he became a Field Research Associate with the Institute For Social Research, the University of Michigan, which conducted a 6 year social research project to evaluate the effectiveness of the Chicago Youth Development Project, an outreach program directed at delinquent street gangs in Chicago. Next he spent 14 years directing a research and development department, at the Chrysler Institute, the Chrysler Corporation, developing programs to recruit train and assimilate economically disadvantaged, minorities, women, and the disabled into the mainstream work place. During the last ten years before retirement he was the Director of Human Resources for Boysville of Michigan, a multi-center, program for the rehabilitation of delinquent youth and their families. Dennis currently resides in St. Augustine, FL and has three adult daughters and two grandchildren who live out of state. He is a licensed private pilot, currently active in sports aviation. He enjoys reading suspense and action novels and nonfiction literature on social, political and philosophical subjects. At Large Board Member Carole Mehlman Tampa: She is a lawyer that works in immigration and has experience with domestic violence issues. She is also a certified mediator, and long time Humanist, active with HFA and a variety of progressive causes. She has served on several boards, including HFA and has a Masters degree in non-profit management. (Carole is the former secretary of the board and has been a...
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Vice President | Current |
| Institute for Social Research | Research Associate | Former |
| Chrysler Corporation | Former | |
| Lemon Bay Playhouse | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Vice President, Manufacturing & R & D | Current |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | General Manager, Wellman, Europe | Current |
| Wellman, Inc. | Manager, Business | Former |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Director, Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Manager, Advertising | Current |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Analyst, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Investor Relations Officer | Current |
| Wellman, Inc. | Director, Strategic Planning and Development | Former |
| Celanese Corporation | Manager, Industry Analysis | Former |
| The Sperry & Hutchinson Company, Inc. | Economist | Former |
| Celanese Corporation | Senior Analyst | Former |
James E. Rogers, 61, has served as President of SCI Investors Inc, a private equity investment firm, since 1993. He also serves on the boards of directors of Wellman, Inc., Caraustar Industries, Inc., Cadmus Communications Inc. and New Market Corp. Mr. Rogers has been a director since 1991.
| Organization | Position | Status |
|---|---|---|
| Owens & Minor Inc. | Managing Director of Sci Investors | Current |
| Caraustar Industries, Inc. | Chairman | Current |
| Wellman, Inc. | Compensation Committee Chairman | Current |
| Caraustar Industries, Inc. | Board of Directors | Current |
| Newmarket Corporation | Director | Current |
| Cadmus Communications Corporation | Director | Current |
| Wellman, Inc. | Director | Former |
| Owens & Minor Inc. | Director | Current |
| Owens & Minor Inc. | Executive Committee Member | Current |
| James River Corporation | Senior Vice President | Former |
| Owens & Minor Inc. | Lead Director | Former |
| James River Corporation | Group Executive | Former |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Governance Committee Chairman | Current |
| Wellman, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Treasurer | Current |
| Wellman, Inc. | Vice President & Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Warburg Pincus, LLC | Managing Director, Consumer & Indus | Current |
| Warburg Pincus, LLC | General Partner | Current |
| Albemarle Corporation | Current | |
| Builders Firstsource, Inc. | Board of Directors | Current |
| The Neiman Marcus Group, Inc. | Board of Directors | Current |
| Wellman, Inc. | Board of Directors | Current |
| Polypore International, Inc. | Director | Current |
| Butler Capital Corporation | Managing Director | Former |
| The Goldman Sachs Group, Inc. | Team Member | Former |
| Goldman, Sachs & Co. | Former | |
| TransDigm Holding Co. | Board of Directors | Former |
| Harvard Business School | M.B.A | Former |
| Wesleyan University | B.A. In Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Board Director | Current |
| Organization | Position | Status |
|---|---|---|
| Warburg Pincus, LLC | Vice President | Current |
| Warburg Pincus, LLC | Managing Director | Current |
| Builders Firstsource, Inc. | Board of Directors | Current |
| Polypore International, Inc. | Board of Directors | Current |
| Wellman, Inc. | Board of Directors | Current |
| AEA Investors, Inc. | Private Equity Investment | Former |
| Bain & Company | Team Member | Former |
| Bainco | Former | |
| TransDigm Holding Co. | Board of Directors | Former |
| Dartmouth College | B.A. in government | Former |
| Lbo Group, Inc. | member | Former |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Board of Directors | Current |
| Wellman, Inc. | Vice President, Chief Operating Officer | Former |
| Wellman, Inc. | Controller | Former |
| Ernst & Young | Former | |
| Bryant College | Masters in Accounting | Former |
| Brown University | dual degree in Economics and Organizational Behavior & Management | Former |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Board of Directors | Current |
Mr. Vandenberg has served as a director since March 1993. He currently serves as the President of Cariad Capital, Inc., a private equity investment business, which he founded in January 1992. Mr. Vandenberg also serves as a director of Wellman, Inc., a polyester fiber manufacturer. From 1986 to December 2002, Mr. Vandenberg served as a Managing Director of Narragansett Capital, Inc., a private investment firm, as general partner of Narragansett Capital Partners -A and -B, L.P., related venture capital funds, and as a general partner of Narragansett First Fund, a venture capital fund. From May 1999 to March 2000, Mr. Vandenberg served as President of EFD, Inc., a manufacturer and seller of fluid dispensing and dispensing components. Committees: Audit.
| Organization | Position | Status |
|---|---|---|
| Cariad Capital, Inc | President | Current |
| Safari Motor Coaches, Inc. | Board of Directors | Current |
| Monaco Coach Corporation | Director | Current |
| Wellman, Inc. | Director | Current |
| Beaver Journal Magazine | Board of Directors | Current |
| Holiday Rambler | Board of Directors | Current |
| McKenzie Rev | Board of Directors | Current |
| E.F.D., Ltd. | President | Former |
| Narragansett Capital, Inc. | Managing Director | Former |
| Cariad Capital, Inc | Founder | Former |
| Cariad Capital, Inc | Owner | Former |
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Board of Directors | Current |
Tom received a BS in psychology from Duke University in 1964. Worked for the General Electric computer department in their Charlotte, NC office. He was a member of the Unitarian Church there. In 1970-1985 worked at Dialcom, Inc. in Washington, D.C., a time-sharing company where customers paid by the hour to connect a "dumb" terminal to a central computer via the telephone. In 1972 became VP of product development, and given part ownership.
| Organization | Position | Status |
|---|---|---|
| Wellman, Inc. | Secretary | Current |
| Unitarian Church | Member | Former |
| Duke University | Bs In Psychology | Former |
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