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Ex-Solutia CEO seeks to oust Zoltek board

Post Time:Mar 08,2013Classify:Industry NewsView:72

After a failed bid to buy Zoltek Cos., an investment group led by Jeffry Quinn now is seeking control by ousting the company’s board of directors, arguing a new board is needed to re-energize the carbon fiber maker’s financial performance. 

Quinn, a former Solutia CEO and president who lives in the St. Louis area, is leading the Quinpario group, a band of shareholders that owns 10 percent of Bridgeton-based Zoltek’s outstanding common stock.

The group is the company’s second-largest shareholder. Zoltek’s founder, chairman and CEO Zsolt Rumy owns an 18 percent stake in the company.

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Source: http://www.glassonweb.com/news/index/18524/Author:

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