NOVEON SENIOR VICE PRESIDENT KUMAR SHAH Kumar Shah, senior vice president of corporate development for Noveon, Inc. (PRNewsFoto)[AG] CLEVELAND, OH USA
		NOVEON LOGO Noveon, Inc. logo. (PRNewsFoto)[TC] CLEVELAND, OH USA

    CLEVELAND, May 30 /PRNewswire/ -- Noveon, Inc. - formerly BFGoodrich
Performance Materials - announced today the appointment of Kumar Shah as
Senior Vice President of Corporate Development, an executive officer position.
In this newly formed position, Mr. Shah will report to Steve Demetriou,
President and Chief Executive Officer.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/20010523/CLW011LOGO-b
             http://www.newscom.com/cgi-bin/prnh/20010530/CLW005 )
    Noveon, Inc. is the new name of the former specialty chemicals businesses
of The B.F. Goodrich Company. Noveon was acquired in February 2001 for
$1.4 billion by a private equity group led by AEA Investors.
    Mr. Shah will be responsible for working with Noveon business units in
identifying, analyzing and developing strategic acquisition, alliance and
other growth opportunities.
    In announcing this appointment, Mr. Demetriou said, "This important newly
created position reaffirms our determination to focus on growing the Noveon
businesses through internal organic growth and through strategic acquisitions.
Among his other duties, I count on Kumar to help guide the management team as
we improve the Noveon portfolio of businesses and create value for our
stakeholders."
    Mr. Shah has over 20 years experience in the specialty chemicals industry.
Prior to joining Noveon, Mr. Shah was Senior Vice President, Corporate
Development for International Specialty Products (ISP).  Prior to that, Mr.
Shah served as the Vice President of Corporate Development and Investor
Relations and an executive officer of Cytec Industries, Inc. During the
1994-99 period following the spin-off of Cytec from American Cyanamid Co., Mr.
Shah was a member of the management team that increased sales by over 50%,
earnings by over 700% and stock price by over 1000%.
    Mr. Shah holds a Bachelors degree with honors in chemical engineering from
the Indian Institute of Technology in Bombay, an MS degree in polymer science
from the Polytechnic Institute of Brooklyn, NY, and an MBA in finance /
international business from New York University.
    Noveon, Inc. is a leading global producer and marketer of technologically
advanced specialty chemicals for a broad range of consumer and industrial
applications. For the year ended December 31, 2000, Noveon generated pro forma
sales of approximately $1.2 billion. Noveon was formed as an independent
entity on February 28, 2001 when an investor group comprised of AEA Investors
Inc., an affiliate of DLJ Merchant Banking Partners and DB Capital Partners,
Inc., acquired the Performance Materials business from BFGoodrich.

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