Cytec Industries Announce Retirement Of CFO

Cronin leaving at end of June; Drillock is his replacement.

WEST PATERSON, N.J. - Cytec Industries Inc. announced Tuesday the appointment of David M. Drillock as Chief Financial Officer, and also announced the retirement of James P. Cronin, Executive Vice President and Chief Financial Officer, as of the end of June.

In addition, Drillock was named a member of Cytec’s four person Executive Committee

Drillock began his career with American Cyanamid Company in 1978 where he held several financial positions. In 1986 he was appointed Controller of Applied Solar Energy Corp., a publicly held company 70 percent owned by Cyanamid. He became Chief Financial Officer for Applied Solar Energy 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, Drillock was appointed Controller and in 2002 was named Vice President, Controller and Investor Relations.

Cronin joined Cytec’s predecessor company American Cyanamid Company in 1983 where he held a number of financial positions. Upon the spin-off in 1993 of Cytec as a separate independent company, Cronin was appointed Vice President and CFO. In 1996 he was promoted to Executive Vice President

Cytec Industries is manufacturer of specialty chemicals and materials for the aerospace, adhesives, automotive and industrial coatings, chemical intermediates, inks, mining and plastics markets.