Interesting announcement. I thought most of the manufacturing leadership had "sought other employment opportunities" either by their choice or the company's choice. He does have the supply chain and six sigma silver bullets. For the sake of my stock, I hope he has an outstanding success
Hey, the formal announcement took less than 4 weeks from the time that it was rumored on this board!
See message 1968 by king_artemus on 8/9/02.
Terry got a lot of press in his old job, will we ever hear from him in the press again in Cytec?
WIRE)--Sept. 4, 2002--Cytec Industries Inc. (NYSE: CYT - News) announced today the appointment of Terry Sutter as President of Cytec Specialty Chemicals, effective immediately.
Reporting to David Lilley, Chairman of the Board, President and Chief Executive Officer, Sutter will be responsible for providing leadership to continue and accelerate the growth of the Cytec Specialty Chemicals business and executing profit improvement initiatives across the business portfolio.
"As indicated in our Vision Statement, Cytec aspires to become a premier specialty chemicals and materials company," said Lilley. "We continue to seek every available opportunity to improve our organizational effectiveness, with the primary focus of satisfying our customers through our products, technology, and services. We understand that we must be faster and more responsive to our customers' needs and, as previously announced, it has been our intent to consolidate our specialty chemicals businesses under the guidance and direction of a business President."
Reporting directly to Terry Sutter will be the Vice Presidents for each of the company's specialty chemicals business units, as well as key manufacturing, human resources, supply chain, and Six Sigma team leaders.
Sutter joins Cytec from Honeywell International Inc. where he most recently served as President of the Industrial Solutions strategic business unit. Prior to this assignment, Sutter worked in various capacities in mergers and acquisitions and as Vice President and General Manager of the Fluorine Products business for what was then Allied Signal. His 16-plus years of experience also includes progressively more responsible technical, business and general management positions in specialty chemicals, including Allied Signal and Morton International, Inc.
Sutter has a B.S. from the University of Missouri and a M.S. from Texas A&M University, both in Chemical Engineering. He also earned an M.B.A. from the University of Chicago.
I think you have me confused with someone else. I would have no interest in re-entering the DCS business, especially with a company even temporarily under Gilligan's throne. Perhaps the "King' as you call him would see it differently.
Besides, I don't think Sutter was treated fairly since IMHO the major accounting issues were not created by him but by those before him. Coyote Dave obviously felt he had no choice and had to set the stage - sort of let the others know what can and will happen if you get caught with your financial pants down. TS was one of those available to dispense for that purpose.
One thing for sure...Sutter's replacement will need to know how to spruce things up quickly. Hopefully he'll bring along a boatload of lipstick for us ladies to put on this pig.
tata to you
BTW....externals will be considered even though it is thought that it will go to an internal candidate.......might be your last chance if you are interested.....
think about it, "King of All Automation"
Now where did I hear that before:)
I find it funny that Farto and Doc seem to be nowhere around when you need them....so allow me.
First point came from oneLdown, but skipper put a new spin on it today and said that it is not for sale.....so, believing him as I do, it is perhaps a moot point as to whether it "was".
Blames the competition for the rumors.
Staying the course with no change in focus, stratagy, or structure.
Still, it is not the house that hurd built.
Sounds like JP will be eating crow.
Second point was not about trotter, but Lloyd W. at GBS...(per comments made by "consult" on H board.)
I am told this is a very passive ex-HR type.
What is Herr Hasso up to?
Since Farto hasn't responded I thought I would. How do you know TS was as you say "damned if you do, damned if you don't"
I think I agree with you but I would like to know how you came to that conclusion.
Granted Pinto and others put him in a hell of a spot and there warn't much wiggle room left.
Lloyd has let a lot of talent out the door lately....had a bowl of chowder with Nardelli the other day and he confirmed it.
Too bad too cause guys like Trotter can't function well when the best there is go elsewhere.
P.S. I am sure you will agree that this msg is more civil than most I have sent to you. Lo and behold when you post sensible things you will get sensible responses.