HOUSTON, Jan. 17 /PRNewswire/ — The KoSa Board of Directors has named Bill Caffey, Koch Industries
executive vice president, as its new chairman,effective Dec. 11, 2000. Caffey succeeds Isaac Saba,
KoSa’s first chairman,under a plan that rotates board leadership between the company’s owners every
two years. Also, Steve Feilmeier, Koch’s vice president for finance, has been named to the board
and will replace Joe Moeller, President of Koch Industries. KoSa, one of the world’s largest
polyester producers, is owned by Koch International Equity Investments B.V. and Koch Equity
Investments Inc., two subsidiaries of Wichita, Kansas-based Koch Industries Inc., and IMASAB S.A.
deC.V., a Mexican company owned by Isaac Saba. “I am pleased with how much KoSa has achieved since
being established in December 1998,” Saba said. “Our commitment to quality products, strong
customer service, and technological innovation has made us an industry leader.I look forward to
continuing to work with the KoSa board, management and employees to build on that foundation in
2001 and beyond.” KoSa produces commodity and specialty polyester products as part of five global
businesses: Intermediates and Polymers, Packaging Resins, Technical Filament, Textile Fibers and
Tirecord. With global headquarters in Houston,Texas, KoSa employs 10,000 people worldwide.SOURCE
KoSaCopyright 2001 PR Newswire
