Invista promotes four top executives pending sale
February 2, 2004,
Four Invista executives — William Ghitis, David Trerotola, Kenneth Wall and Alan Wolk — have accepted new positions at Invista, pending successful completion of the Invista sale to subsidiaries of Koch Industries.
This announcement follows news by DuPont that Gary Pfeiffer, senior vice president and chief financial officer of DuPont, will assume operating responsibility for Invista, in addition to his current assignment, from now until completion of the sale. Steven McCracken, formerly Invista's president, will pursue other interests following the completion of the sale, but until then will remain on the Invista board of directors and provide support during the transition.
Ghitis, will continue to lead Invista Apparel, with responsibility for Lycra, Elaspan, and T400, and will assume profit and loss responsibility for polyester and nylon specialty fibers. Ghitis will be based in the Delaware, Pennsylvania, New Jersey tri-state area.
Trerotola, currently leading the home and industrial textiles business for Invista, will be promoted to lead Invista performance fibers. In his new role, Trerotola will be responsible for managing market segments including airbags, sewing thread, military products, non-woven/personal care products, and technical and industrial products.
Wall will continue to lead Invista Intermediates. He will be based in Wichita, Kan., and will oversee the nylon and polyester intermediates production, along with the nylon C12, adipic, diamine, and Terathane specialties.
Wolk will continue to lead Invista Interiors. From a base in Atlanta. Wolk will be responsible for the global flooring business, including residential, commercial, area rugs and transportation.
In addition, he will manage home furnishings, comprised of sleep products and furniture segments.