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Performance Fibers appoints new COO
31
Jan '08
As Performance Fibers continues its aggressive growth, it has named Alexander J. Carnevale to the new position of vice president/chief operating officer to manage business operations worldwide, and Marc Sicre to lead the European business.

The addition of the COO position to the global leadership team will strengthen Performance Fibers' organizational structure, which is centered around strong regional businesses in Europe, North America and Asia, supported by global functions.

Under the new structure, the leaders of each of the three regions will report to Carnevale and maintain the company's strong regional focus, while Carnevale will be responsible for developing a cohesive global plan for the company.

“This new position will benefit our business and customers by better aligning Performance Fibers' global footprint with customers' growth, improving operations globally and executing a new global strategy and vision for our company,” said Performance Fibers' President and CEO Greg Rogowski.

Performance Fibers also has named Sicre to succeed Carnevale as vice president and managing director, Europe.

“These appointments will strengthen our organizational structure by putting long-time employees with global experience in positions where they can lead our company to continued growth,” said Rogowski. “This is particularly crucial as our business becomes larger and more complex through growth and acquisitions.”

Performance Fibers signed a deal in December 2007 to acquire the North American tire cord and polyester industrial filament businesses of INVISTA, which is expected to close in the first quarter of 2008. It is the latest in a series of acquisitions and investments by Performance Fibers under the ownership of Sun Capital Partners, Inc.

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