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SIKA ANNOUNCES NORTH AMERICA MANAGEMENT CHANGES
The Board of Directors of Sika AG, Baar, Switzerland, has appointed William E. Loven to head North America as regional manager, and Sika Corporation USA as president and CEO, effective January 1, 2005. In this position Loven will also serve as a member of Group Management of Sika AG, Switzerland. Enrico Tissi, who has held these positions for the last eight years, has elected to step down by the end of this year. He will continue to serve Sika as vice chairman of the Board of Directors of the U.S. subsidiary. Tissi was instrumental in growing Sika Corporation during this period. He is credited with building new R&D facilities in Lyndhurst, NJ, and in Madison Heights, MI, and also with constructing new plants in Philadelphia, Grandview, MO, and Atlanta. Since joining the Industry Division of Sika in 2000, Loven has reorganized the division and grown the business considerably. He has been instrumental in bringing new technologies into the company's product range, fulfilling the objective of making Sika a full range supplier for its defined market fields.