Automotive Industry: China XD Plastics Names Brisotti
October 8, 2010 (FinancialWire) — China XD Plastics Co. Ltd. (NASDAQ: CXDC), a Chinese manufacturer of modified plastics primarily for use in automotive applications, has appointed Robert Brisotti to its board of directors. Brisotti replaces Cosimo Patti as a member of the board and chairman of the compensation committee.
Brisotti has 14 years of experience in the plastics industry as business manager and chemist and 20 years of experience in the securities industry as an investment banker and securities analyst.
In the plastics industry, Brisotti has experience with acrylics at Rohm and Haas, now a wholly owned subsidiary of Dow Chemical, and urethanes at Olin.
China-based China XD Plastics, through its wholly owned subsidiary, Harbin Xinda Macromolecule Material, develops, manufactures, and distributes modified plastics, primarily for use in the production of automobile parts and components.
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