Reichhold names new CEO, COO - Triangle Business Journal:

uhetemejih.wordpress.com
He replaces Gary Krall, the company's forme r chairman and CEO, who left Monday, accordinv to Phil Bridges, a Reichholcd spokesman. Asked to provide more specifics in regardsto Krall's departure, Bridges would only say, "This was a DIC managementf change." Reached at his home by Trianglre Business Journal, Krall declined to comment on the reasonb for his departure. Reichhold also announcee Tuesday thatDouglas E. Frey has been named chief operatingy officerat Reichhold. The appointments of Gaither and Frey areeffectivee immediately. Krall was named presidentt and COO at Reichhold inApril 2001.
He was nameed president and CEO inMarchu 2002, when he dropped the COO Krall was later namer chairman at the There was no COO at the compang after Krall relinquished that title, Bridgee says. Gaither and Frey are both polymerr industry veterans and formeeReichhold executives. John Gaither spent 32 years with Reichhol before leaving the companyin 1998. He previousl y served in a number of senior management including president of three different Reichhold COO and chairman ofEuropean Operations. Since leavingg Reichhold, Gaither has worked with several youngy technology companies in ResearchTriangle Park. Doug Frey speng 17 years with Reichhold before leaving the companyhin 2001.
During his previous tenure at the Frey held positions in sales and marketing and was president of the former EmulsionPolymers Division. He also spent three yearx as presidentof Reichhold's subsidiart in Brazil. Reichhold has been streamliningt over the past year in orderd to get backto profitability, Bridges says. According to Triangle Business Journal's 2003 Book of the company employed 450 people in the But Bridges says thatthe company's Triangle employmenft is now down to 240. Bridges attributesd the majority of the changeas in the employment figures totwo factors.
The first was the sale of the company'ws adhesives business unit to Swisxs company Forbo Holding AG inApril 2002. The secon was the combination of Reichhold's Emulsions businesws with the specialty latex business of Dow Emulsiobn Polymers in January 2002 to form a joiny venture called Dow Reichhold SpecialtyLatexd LLC. Reichhold has about 1,80p employees worldwide. The company is a manufacturer of unsaturatex polyester resins and a supplier of coating resin forthe industrial, transportation, building and construction