Ceramic Industry News

Momentive Announces Management Changes (posted 1/15/09)

Momentive Performance Materials Inc. recently announced that Anthony S. Colatrella was appointed the new chief financial officer (CFO) of the company, its parent, Momentive Performance Materials Holdings Inc., and certain of its subsidiaries. Since 2007, he has provided operational, financial and M&A consulting services, both domestically and abroad, to public and private equity clients.

From 2005 to 2007, Colatrella served as vice president and chief financial officer of Paxar Corp. During his tenure, Colatrella helped lead the sale of Paxar to Avery Dennison Corp. for a purchase price of approximately $1.34 billion, which represented a 70% return to shareholders and created more than $500 million in shareholder value in two years. From 1997 to 2005, he held a number of financial and operating positions at The Scotts Miracle-Gro Co., including senior vice president of Finance, North America and senior vice president and corporate controller. Prior to 1997, he spent 13 years in various financial and business development roles at United Technologies Corp.

In addition, Momentive announced the appointment of Steven Delarge as president and chief executive officer (CEO) of Silicones Americas, and Shawn Williams as president and CEO of Global Sealants. Prior to these appointments, Delarge and Williams served as Momentive’s CFO and president and CEO of Silicones Americas, respectively.

“We are pleased to announce these leadership changes and are thrilled to have Tony Colatrella join the Momentive team,” said Jonathan Rich, president and CEO of Momentive. “His experience is a terrific fit for Momentive. I am also excited for Steve and Shawn. After six years as CFO of Momentive and its predecessor business, Steve now has the opportunity to run an operating business, and the move for Shawn enables him to lead an important global business.”

Additional information is available at www.momentive.com.


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