HOUSTON – Ascend Performance Materials announced that company President and Chief Operating Officer Phil McDivitt has assumed the title of President, Chief Executive Officer (CEO) and member of the board of directors. Ascend’s former CEO Frederic M. (Fred) Poses will retire and step down from the board of directors.
“Phil joined Ascend two years ago as President of our Nylon Division. Since joining, he has made important contributions to building a stronger team and culture, improving financial and operating disciplines and creating a more dynamic commercial organization. As envisioned by the board at the time of his hiring, Phil has demonstrated his readiness to transition to CEO,” said Barry Siadat, Chairman of Ascend.