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New Reichhold European Personnel

03 February 2003

Reichhold have made three key organizational changes with the naming of Dr. Ashok Mendiratta as vice president of Global Technology, Dr. Eric Carlier as director of Technology, Europe and Alberto Piccinotti as director of European Sales.

In his new role as vice president of Global Technology, Dr. Mendiratta is based in Reichhold's World Headquarters and Technology Center in Research Triangle Park (RTP), North Carolina. He has global responsibility for all of Reichhold's technology functions and will report to Senior Vice President Julia Harp.

From March 24, Dr. Eric Carlier will replace Raj Patel as Reichhold Director of Technology, Europe. Patel retires March 31 after 35 years of service to Reichhold. Dr. Carlier comes to Reichhold from Owens Corning in Belgium where he served as European research and development director. From February 15, Alberto Piccinotti will become director of European Sales for Reichhold. Piccinotti has been with Reichhold one year, serving as director of Master Planning-Europe. Prior to Reichhold, Piccinotti was with Owens Corning where he has had leading positions in Sales, Marketing and Global Product Management since 1985.

Reichhold has also announced that a price increase on its unsaturated polyester resins in North America has been revised to $ .04 per pound instead of the $ .03 per pound increase which was announced earlier in January. “This upward adjustment of the increase we announced earlier this month is necessary due to the continuing strength in styrene, benzene and natural gas prices,” explained Reichhold Global Composites Senior Vice President Julia Harp. “The uncertainty in oil-producing nations such as Venezuela and in the Middle East is generating increased market volatility and driving an increase in styrene monomer costs,” she said.






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