June 29, 2015 – Milamar Coatings, a wholly-owned subsidiary of CASS Polymers, Inc., announced today that Jim Panebianco has joined the Company as Chief Executive Officer. Mr. Panebianco steps into the role previously held by founder Doug Frans who continues with the Company as Chairman of the Board concentrating efforts on growth initiatives and strategic matters.
Mr. Panebianco has more than 25 years of experience in the formulated products industry. He started his career in Field Sales, with concentrations in adhesives, coatings and encapsulating materials, for Hysol/Henkel and Emerson & Cuming. He later assumed positions in Product Management, Sales Management, Technical Service Management and Marketing Management. Following a move to Cytec, Jim became a Business Unit Director, managing four epoxy and polyurethane businesses with over $100 million in sales. Jim also served as President of a private company using film adhesives to manufacture custom flooring, interior panels and doors for the transportation industry.
Jim holds a Masters Degree in Business Administration from Loyola College and a Bachelor of Science Degree in Chemistry from St. Bonaventure University.
Jim has relocated to the Company’s headquarters in Oklahoma City. His wife and three of his four children will join him soon.
In a separate release, CASS Polymers announced that Kyle Frans has been promoted to Executive Vice President, adding to his duties as Chief Financial Officer. Mr. Frans has been with the Company for over 13 years during which he has served in operational, accounting, finance and strategic roles. In this newly-created position, Kyle will assume additional responsibility for strategic planning, treasury and business relationships, working directly with Mr. Panebianco and the Board.
Doug Frans stated that these changes within the management team of the CASS companies are positive steps, supporting the growth and diversification of Company operations and focus.