SOURCE: Ascend Performance Materials

Ascend Performance Materials

April 14, 2015 11:05 ET

Ascend Names Phil McDivitt Nylon Business President

HOUSTON, TX--(Marketwired - Apr 14, 2015) -  Ascend Performance Materials today announced that Phil McDivitt has joined the company as president of its nylon business. Phil will lead Ascend's global nylon business -- which includes three manufacturing sites and approximately 1,800 team members -- from the company's headquarters in Houston and will serve on the Ascend leadership team, reporting to CEO Fred Poses.

McDivitt comes to Ascend from Celanese Corporation, a global technology and specialty materials company, where he progressed through a series of operations and commercial roles since joining the organization in 1987. Since 2012, he served as vice president and general manager of the engineered materials business, which is an industry leader in acetal polymers, liquid crystal polymers, long fiber reinforced thermoplastics and ultra-high molecular weight polyethylene.

"Phil brings proven leadership and business skills to Ascend and our nylon business," said Poses. "He has an extensive background in the chemical and materials industry, including supply chain, manufacturing operations, technology and engineering, as well as a deep understanding of our marketplace and key customers. We look forward to Phil's leadership in growing Ascend's nylon business."

"I am excited to become a part of the Ascend Team, and look forward to working with the talented people here to focus on the fundamentals, delight our customers and grow the business," said McDivitt. "Our customers place a value on everything we do, and the better we execute our initiatives; whether they are people, products, or processes, the more they will value Ascend, and the greater success we will have."

McDivitt holds a Bachelor of Science in chemical engineering from Texas A&M University and a Master of Business Administration from the University of Texas at Dallas. He and his wife will be relocating from Dallas to the Houston area in the coming months.

NOTE TO EDITORS: ASCEND PERFORMANCE MATERIALS is a trademark of Ascend Performance Materials Operations LLC. This trademark has been registered in jurisdictions throughout the world, including the United States of America.

About Ascend Performance Materials
Ascend Performance Materials is a global premium provider of high-quality chemicals, fibers and plastics. Ascend is the world's largest integrated nylon business, with its own in-house manufacturing facilities, ensuring total security of supply. Ascend's product range has earned it an unequalled reputation for quality, innovative techniques and an enlightened approach to business that expands the horizons of possibility. With eight global locations and more than 3,200 people working at our sites around the world, Ascend has the inspiration, the expertise, the people and the attitude toward innovation to consistently deliver the right solution for customers.

Together, we're making a difference.
Together, we're inspiring everyday.

More information about Ascend can be found at www.ascendmaterials.com

About SK Capital
SK Capital is a private investment firm with a disciplined focus on the specialty materials, chemicals and healthcare sectors. SK Capital's integrated, multi-disciplinary team utilizes its industry, operating and investment experience to help transform businesses into higher performing organizations. Located in New York, NY and Boca Raton, FL, the firm has over $1.5 billion in third party capital under management. SK Capital's portfolio companies generate revenues of over $8.0 billion annually and employ approximately 9,000 people. More information about SK Capital can be found at www.skcapitalpartners.com.

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