Lydall Announces Leadership Transition in its Performance Materials Business
May 26 2020 - 5:00PM
Lydall, Inc. (NYSE: LDL) today announced that Ashish Diwanji has
been named President, Lydall Performance Materials, effective June
5, 2020. Dr. Diwanji will be replacing Paul A. Marold, who is
departing Lydall to pursue an alternative opportunity.
Dr. Diwanji recently joined Lydall as Senior Vice
President, Innovation and Chief Technology Officer, focusing on
advancing product-line rationalization and maximizing strategic
technological development across the three business segments.
Prior to joining Lydall, Dr. Diwanji led the product
investment strategy and was the Chief Technology Officer for the
Consumer Solutions division of U.S. Steel (NYSE:X). Before
joining U.S. Steel, he spent nearly 20 years at Owens Corning with
his last role being the Vice President of Innovations for their
composites business.
Sara A. Greenstein, Lydall President and CEO, said,
“Ashish’s demonstrated product innovation leadership and broad
industry experience give him the ideal skill set to lead Lydall’s
Performance Materials business segment. These skills will
complement Performance Materials decades of leadership in
filtration to accelerate product innovation and commercialization
opportunities.”
“I am thrilled to lead the Performance Materials
team,” said Diwanji. “My immediate focus will be to leverage
our deep knowledge of filtration in the manufacture and development
of key solutions in the fight against the COVID-19 pandemic.
By leveraging our material science, engineering and application
expertise, global manufacturing capabilities, and exceptional
employees, we will continue to create highly engineered specialty
materials that add value for our customers.”
Ms. Greenstein added, “I want to recognize Paul for
his leadership of the Performance Materials business. His
knowledge of the filtration industry, his commercial focus, and
strategic and operational skills were key elements in the growth of
the Performance Materials segment over the past four years.”
Lydall, Inc. is a New York Stock Exchange listed
company, headquartered in Manchester, Connecticut with global
manufacturing operations producing specialty engineered products
for the thermal/acoustical and filtration/separation markets.
For more information, visit
http://www.lydall.com. Lydall® is a registered trademark of
Lydall, Inc. in the U.S. and other countries.
For further information:
Brendan Moynihan
Vice President, Financial Planning &
Investor Relations
Telephone 860-646-1233
Facsimile 860-646-4917
info@lydall.com
www.lydall.com
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