PBI Performance Products Appoints New President

PBI Performance Products is pleased to announce the promotion of Bill Lawson to the position of President of PBI Performance Products, Inc. effective September 1st.

Bill has been with the Company since 1981, serving in the role as PBI’s Chief Operating Officer and Managing Director since 2005.

The InterTech Group, Inc. purchased PBI from Celanese Corporation in 2005, at which time the company transformed into a market leader of thermal and flame resistant products made with the world’s highest performing polymer, polybenzimidazole.

Bill’s leadership of the company has strengthened PBI’s market presence and operational excellence which is reflected in the strong performance of the business.

This high level promotion signifies The InterTech Group’s confidence that the PBI team will continue to operate at a very high level in the pursuit of growth and profitability, while maintaining the highest quality in a safe and satisfying environment.

Grant Reeves will be stepping down from the position of President after serving in that role since May of 2005. The Company wishes to thank Grant for his contributions to PBI that include the transition to a private company and developing Jerry Zucker’s vision for PBI’s future. Grant will continue to support Bill and PBI from his role as Senior VP of The InterTech Group, Inc.

PBI Performance Products, Inc. is the world’s only producer of inherently flame resistant and thermally stable polybenzimidazole fibers and Celazole polymers. PBI fiber combines unmatched flame resistance and thermal protection with the highest levels of comfort and durability available in the marketplace.

Customers count on PBI’s innovative materials to meet their growing and dynamic application requirements supported by our global team that brings unmatched material, application and industry expertise.

PBI is headquartered in Charlotte, N.C.

For more information, visit our website at http://www.pbiproducts.com.