MacDermid, Inc. names John Malfettone Executive Vice President and Chief Financial Officer

09-Jan-2002

Waterbury. CT - John Malfettone, has been named Executive Vice President and Chief Financial Officer of MacDermid, Inc. (NYSE: MRD), effective today, according to Daniel Leever, Chairman and Chief Executive Officer. The addition of Malfettone to the MacDermid Executive team is a key component of the Corporation's plan to build capacity to manage strategic expansion initiatives. Malfettone comes to MacDermid from General Electric where he served, most recently as Managing Director of GE Equity, the private equity arm of GE. As leader of the Commercial services Group, John was responsible for evaluation, investment and management of a wide range of portfolio companies in which GE has taken ownership positions. Since 1990 he served in various key executive leadership positions within GE. His roles included Vice President and Controller for GE Capital, and Vice President of Finance within the Office of the Executive Vice President at GE Capital. MacDermid has grown dramatically over the past decade, primarily through acquisitions. The Company's size, scope and complexity require adoption of world class business processes, systematic management and financial practices. Malfettone's broad experience with such world class practices will help tremendously in this effort. He will be responsible for MacDermid's worldwide financial operations including treasury and taxes, investor relations, internal audit, risk management, information systems and business development. His past experiences at GE will help strengthen the acquisition and integration process. Prior to GE, Malfettone joined KPMG Peat Marwick in 1977, earned his CPA in 1978, and was elected a partner of the firm in 1988. While at KPMG, his client list included Fortune 500 manufacturing companies and computer service businesses. He served as Partner-In-Charge of the Stamford/White Plains Computer Audit Practice. According to Dan Leever, Chairman and CEO of MacDermid, "We are delighted to welcome John Malfettone to MacDermid's Corporate Executive team. Our recent dramatic growth has challenged our management capacity. John's role in finance at GE give him the world class business process background vital to our future growth. He experienced first hand at GE Equity, the entrepreneurial approach very similar to the MacDermid operating philosophy. "John is well known for his strong leadership and ability to build teams. This excellent track record, combined with his experience in finance and operations will serve us well as we take MacDermid to the next level," Leever said. According to Leever, "John is another example of the type of high powered executive that MacDermid will be bringing on board in order to enhance our current leadership team." Malfettone earned his B.S. in Accounting from the University of Connecticut. He is married with 5 children and lives in Trumbull, CT, where he is an active member of his community. MacDermid, Inc. was founded in Waterbury, CT in 1922, and is traded on the NYSE under symbol MRD. The company has annual sales of approximately $900 million, and is a specialty chemical and materials manufacturer operating globally in a number of industrial markets.

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