KoSa Names New Chairman of the Board

KoSa Names New Chairman of the Board

HOUSTON, Jan. 17 / PRNewswire / — The KoSa Board of Directors has named Bill Caffey, Koch Industries executive vice president, as its new chairman, effective Dec. 11, 2000. Caffey succeeds Isaac Saba, KoSa's first chairman, under a plan that rotates board leadership between the company's owners every two years.

Also, Steve Feilmeier, Koch's vice president for finance, has been named to the board and will replace Joe Moeller, President of Koch Industries.

KoSa, one of the world's largest polyester producers, is owned by Koch International Equity Investments B.V. and Koch Equity Investments Inc., two subsidiaries of Wichita, Kansas-based Koch Industries Inc., and IMASAB S.A. de C.V., a Mexican company owned by Isaac Saba.

“I am pleased with how much KoSa has achieved since being established in December 1998,” Saba said. “Our commitment to quality products, strong customer service, and technological innovation has made us an industry leader. I look forward to continuing to work with the KoSa board, management and employees to build on that foundation in 2001 and beyond.”

KoSa produces commodity and specialty polyester products as part of five global businesses: Intermediates and Polymers, Packaging Resins, Technical Filament, Textile Fibers and Tirecord. With global headquarters in Houston, Texas, KoSa employs 10,000 people worldwide.

SOURCE: KoSa

CONTACT: John Deem of Luquire George Andrews, 704-552-6565, for KoSa/

Web site: http://www.kosa.com