BRECKSVILLE, Ohio, March 12 /PRNewswire/ -- PMD Group Inc. announced that
Steven J. Demetriou has agreed to join the Company as Chief Executive Officer
and serve on the Board of Directors. Demetriou will be responsible for leading
the newly created and independent PMD Group Inc., the former Performance
Materials business of BFGoodrich.
    Concurrently, PMD Group Inc. announced that David B. Price will continue
to serve as President, a role he has held since the Company's inception on
February 28, 2001. Prior to that date, Price served as Executive Vice
President of The BFGoodrich Company and President and Chief Operating Officer
of the Performance Materials business of BFGoodrich. In his role as President,
Price will report directly to Demetriou.
    Demetriou comes to PMD Group Inc. from IMC Global Inc., a $2.5 billion
company, where he most recently served as Executive Vice President and
President of IMC Crop Nutrients, a $2 billion revenue business unit which
includes the phosphate, potash and feed ingredients businesses.  Demetriou
joined IMC Global in June 1999 as a Senior Vice President and President of the
IMC Phosphate business. Previously, he held leadership positions at Cytec
Industries including Vice President, Global Specialty Resins; President, Cytec
Asia; and director of three Cytec joint ventures.
    Prior to joining Cytec, Demetriou developed a strong background in both
commodity and specialty chemicals during a 16-year career with Exxon
Corporation. While at Exxon, he moved through a succession of positions with
increasing responsibility including two years as Vice President of Global
Adhesive Polymers, and three years, based in Brussels, as Marketing Director
for Olefins and Aromatics, a $2 billion business and Exxon Chemicals' largest
marketing position in Europe.
    Demetriou earned a Bachelor of Science degree in Chemical Engineering from
Tufts University in 1980.  He will be based at PMD Group Inc.'s Brecksville,
Ohio headquarters.
    PMD Group 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, PMD Group Inc.
generated pro forma sales of approximately $1.2 billion.  The Company was
formed as an independent entity on February 28, 2001 when an investor group
led by AEA Investors Inc., and including an affiliate of DLJ Merchant Banking
Partners and DB Capital Partners, Inc., acquired the Performance Materials
business from BFGoodrich.

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