Torben Wetche as VP & CFO of Performance Fibers

March 10, 2007 - United States Of America

Performance Fibers Inc, one of the world’s leading producers of polyester fibers, fabrics and materials, has named Torben Wetche Vice President (VP) and Chief Financial Officer (CFO).

Wetche brings more than 23 years of financial experience to Performance Fibers, an affiliate of Sun Capital Partners. His background includes expertise in international business, mergers and acquisitions, raising capital and general management.

He joins the Richmond-based company from CP Kelco, an international specialty chemicals manufacturer based in Atlanta, Ga., where he was vice president and CFO. Prior to that, Wetche served as vice president and CFO for Carmeuse North America, a multi-plant lime manufacturer and distributor in Pittsburgh, Pa.

He also held several senior positions with the Heidelberg Group, the world’s leading solutions provider for the print media industry based in Germany, including senior vice president and CFO of the Americas and U.S. divisions.

“Torben Wetche brings proven successes in diverse industries undergoing rapid change and increasing competitive pressures like the fibers industry,” said Greg Rogowski, president and CEO of Performance Fibers. “His experience will be extremely valuable to Performance Fibers as we continue our ambitious global growth plans.”

A resident of Richmond, Wetche came to the U.S. in 1989 from Denmark and speaks seven languages. He holds an MBA from Georgia State University and received his undergraduate degree in Denmark.