The Opening of Jayasom Wellness Resort Advancing AMAALA’s Wellness Vision

 

RIYADH, Saudi Arabia - 

The latest addition to AMAALA’s wellness ecosystem integrates evidence-based practices with Arab and Eastern healing practices complemented by personalized wellness programs

 

(BUSINESS WIRE)--Red Sea Global (RSG), the regenerative tourism developer, has opened Jayasom Wellness Resort AMAALA, bringing a distinctive holistic health offering to the destination.

Designed by Heah & Co., with interiors by Studio Carter, Jayasom Wellness Resort AMAALA is located on Triple Bay’s largest cove and comprises 153 keys alongside 24 residences. The resort forms part of AMAALA’s secluded wellness core on the Red Sea coast, where nature and hospitality come together in a setting designed for reflection and renewal.

“As we launch the first Jayasom globally, we are bringing a new dimension to AMAALA’s wellness offering. Its dedicated, all-inclusive wellness retreats combine contemporary, evidence-based practices with Arab and Eastern healing traditions. Its personalized approach complements our ambition for AMAALA to become the world’s most comprehensive wellness destination supporting guests on their long-term health journeys in an exceptional natural environment,” said John Pagano, Group CEO of Red Sea Global.

The resort’s wellness philosophy brings together Arab and Eastern healing traditions alongside contemporary evidence-based practices, reflecting centuries of knowledge exchange across cultures, including contributions from pioneering scholars such as Ibn Sina (Avicenna). The offering spans holistic health, fitness, physiotherapy, nutrition, spa and beauty, supported by consultations, movement and daily activities. Each guest journey is tailored to individual goals including women’s health, couples and family wellbeing, as well as health, weight and lifestyle reset.

Nutrition is an integral part of the Jayasom Wellness Resort AMAALA experience, with a collection of eight dining venues designed to support balanced lifestyles. The resort's restaurants and cafés offer a diverse range of cuisines inspired by regional and international traditions, with an emphasis on fresh, seasonal ingredients and nutritious dishes. Complementing the dining offer are interactive culinary experiences and specialty concepts that encourage guests to explore the role of food in healthy living.

The resort is divided into an adults-only wellness offering and a dedicated experience for families. The adult-only zone provides a sanctuary focused on holistic therapies, physiotherapy, fitness and Pilates, while the family experiences feature age-specific facilities and activities designed to support connection, movement and healthy habits.

The Jayasom Residences comprise a limited collection of two- to four-bedroom beachfront villas, with private pools and expansive sea-facing terraces. Located adjacent to the resort, residents enjoy exclusive privileges such as complimentary wellness retreats, preferred access to treatments and dining, and invitations to Jayasom events worldwide.

Nestled between the Red Sea and the dramatic Tabuk mountains, the resort is surrounded by coastal landscapes providing opportunities for land and water-based activities. This includes hiking, trail running, cycling, kayaking, stand-up paddleboarding, snorkeling and diving.

Along with the rest of the destination, Jayasom Wellness Resort AMAALA is fully powered by solar energy. It also supports the destination’s ambition to achieve a 30% net conservation gain by 2040.

Jayasom AMAALA is the seventh resort to open at AMAALA, marking another milestone in the destination’s phased delivery. In the coming months, a further two resorts will join a growing portfolio of world-class hospitality brands, alongside branded residences, integrated wellness facilities, a marina, curated retail, a marine life experiential institute and destination dining.

About Red Sea Global

Red Sea Global (RSG) is a vertically integrated real estate developer with a diverse portfolio across tourism, residential, experiences, infrastructure, transport, healthcare, and services. This includes the luxury regenerative tourism destinations The Red Sea, which began welcoming guests in 2023, and AMAALA, which welcomed its first guests in 2026.

A third destination, Thuwal Private Retreat, opened in 2024. RSG was also entrusted with development works at AlWajh International Airport, focused on upgrading the terminal and infrastructure.

RSG is a PIF company and a cornerstone of Saudi Arabia’s ambition to diversify its economy. Across its growing portfolio of destinations, subsidiaries, and businesses, RSG seeks to lead the world toward a more sustainable future, showing how responsible development can uplift communities, drive economies, and enhance the environment.

About AMAALA

AMAALA is an unparalleled ultra-luxury wellness destination along the northwestern coast of the Red Sea in Saudi Arabia. Seamlessly blending sea, sun, sports, arts, and culture for an exceptional experience, it is one of the world’s most anticipated destinations developed by Red Sea Global (RSG) with regeneration at its core.

AMAALA officially opened its first resort in summer of 2026, with more than 1,600 hotel rooms set to open across nine different resorts complemented by high-end retail and fine dining experiences upon completion. The destination’s state-of-the-art wellness and spa facilities will offer a comprehensive array of multi-generational programs, services, and various therapies, customized by practitioners and centers pioneering in various medical and wellness fields for a more personalized wellness journey.

Influenced by AMAALA’s natural beauty and the purity of the Red Sea, the destination is where sustainability meets luxury. The aim of AMAALA is to offer the most comprehensive health and wellness experience that will help improve the wellbeing of its guests and community, helping them flourish and thrive.

Two of AMAALA’s hallmark features include Corallium Marine Life Institute, an educational and scientific research center, and the AMAALA Yacht Club, destined to become an international hub for luxury yachting.

 

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For more information, please contact:

Arwa Alsantli, Manager - Public Relations

+966 56 616 6017

Arwa.Alsantli@RedSeaGlobal.com

 

iQmetrix to Deliver 2026 Telecom Industry Address and Product Announcements, Unveiling the Next Wave of Intelligent Commerce

  VANCOUVER, British Columbia - Tuesday, 15. September 2026 AETOSWire Print 

iQmetrix's annual industry briefing goes global on October 28, pairing a year of worldwide market intelligence with the company's outlook on AI-native commerce and a first look at what's next for its Intelligent Commerce Operating System

 

(BUSINESS WIRE)--iQmetrix, the global provider of Intelligent Commerce Operating Systems for telecom, today opened registration for the 2026 Telecom Industry Address and Product Announcements, taking place Wednesday, October 28, 2026. For the first time in the event's history, iQmetrix will run two dedicated virtual sessions: one built specifically for European audiences, alongside its long-running North American event. Both are free to attend.

Now in its seventh year, the Industry Address has become the telecom channel's annual checkpoint: an unfiltered read on where the market is heading, delivered by a company that sits at the intersection of telcos, retailers, and the partners who serve them. The 2026 edition draws on a year of research and direct conversations across international markets.

"We spend the year listening — to telcos, to retailers, to the partners building alongside us, in a dozen different markets," said Megan Howse, Senior Vice President, Marketing at iQmetrix. "The Telecom Industry Address is where all of that turns into something the industry can actually use. Adding a European session means we're no longer asking half our audience to take the North American view and translate it."

The 90-minute program runs in two parts. The first covers the trends, pressures, and openings shaping telecom commerce globally. The second is iQmetrix's annual product announcement, including an early look at what is coming next for the Intelligent Commerce Operating System — the category iQmetrix has defined around one orchestrated system connecting point of sale, ecommerce, inventory, activations, and customer journeys, with AI embedded in how the system runs rather than layered on top.

The event is open to the wider industry: telcos, retailers, repair providers, device and accessory manufacturers, distributors, industry media, and the broader telecom ecosystem. Attendees will leave with a clearer read on where the market is moving and practical direction for their commerce strategy in the year ahead.

Session details — Wednesday, October 28, 2026

Europe session: 1:00 p.m. UK / 2:00 p.m. CET / 9:00 a.m. ET / 7:00 a.m. MT

North America session: 12:00 p.m. ET / 10:00 a.m. MT / 9:00 a.m. PT / 5:00 p.m. CET

Both sessions cover the same content; attendees need only join the one that suits their schedule.

Registration is now open here. A recording will be sent to everyone who registers, whether or not they attend live.

About iQmetrix

iQmetrix is the global provider of Intelligent Commerce Operating Systems for telecom. It replaces fragmented legacy stacks with a modern, modular layer that orchestrates telcos, retailers, and OEMs into one intelligent flow across channels and markets. The result is less complexity, lower cost, and the speed to move ahead.

For 27years, iQmetrix has helped the leading brands in telecom grow by providing best-in-class software, services, and expertise. Its solutions powered $17 billion in sales last year, handling nearly 53 million invoices and more than 28 million activations, and are used by more than 370,000 telecom retail professionals across almost 1,000 clients. iQmetrix is a privately held software-as-a-service (SaaS) company with employees in Canada, the U.S., India, and Europe. For more information, visit www.iqmetrix.com.

 

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Media Contact

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Chiesi Appoints David Khougazian as Group Chief Executive Officer to Lead the Next Phase of Innovation-Driven Growth

 PARMA, Italy -

Highlights:

David Khougazian appointed Group Chief Executive Officer to lead Chiesi's next phase of innovation-driven growth, effective 15 October 2026.

Bringing over 25 years of international healthcare leadership experience and a strong track record in innovation and transformation, David joins Chiesi from Flagship Pioneering.

 

(BUSINESS WIRE) -- Chiesi Group (Chiesi) today announced the appointment of David Khougazian as Group Chief Executive Officer (CEO), effective 15 October 2026.

David joins Chiesi following a distinguished international career spanning more than 25 years across the global healthcare and life sciences sectors. Most recently, he served as Executive Partner, Growth, and Head of Global Engagement at Flagship Pioneering, where he supported the growth and development of science-driven healthcare companies and worked closely with leadership teams on long-term value creation, partnerships, financing and organizational development.

Following a thorough selection process led by the Board of Directors, David will succeed Interim Group CEO Jean-Marc Bellemin, who has successfully led the Group since 15 May 2026, while also continuing in his permanent role as Group CFO.

Maria Paola Chiesi, Chiesi Group Chair, commented: “We are delighted to welcome David to Chiesi at a time of strong momentum for the company. Innovation has always been at the heart of Chiesi's mission and long-term vision. David's appointment reflects our ambition to accelerate this journey and strengthen Chiesi’s ability to innovate in a healthcare environment that is changing faster than ever. He brings a unique combination of global healthcare leadership, operational experience and exposure to some of the most dynamic areas of biotech innovation, which makes him exceptionally well positioned to guide Chiesi through this next chapter.

On behalf of the Board, I would like to express my sincere gratitude to Jean-Marc Bellemin for his commitment and stewardship during this transition period. I would also like to thank the entire Group Executive Leadership Team for their dedication and collective leadership, which have been instrumental in maintaining the Group's focus and preparing the organization for the next steps."

David Khougazian commented: “I am honored and excited to join Chiesi, a company widely recognized for its strong values, scientific excellence, entrepreneurial mindset and commitment to patients. The healthcare landscape is evolving rapidly, creating extraordinary opportunities to advance innovation and transform patient outcomes. Chiesi has built an impressive foundation, combining scientific expertise and a clear commitment to sustainable growth across generations.

I look forward to working alongside Chiesi colleagues around the world to further strengthen the Group's innovation capabilities, advance its pipeline and partnerships, and create lasting value for patients, healthcare systems and society.”

Chiesi remains firmly committed to executing its patient-centric strategy, advancing innovation across its therapeutic areas, and delivering sustainable growth for the benefit of patients, healthcare systems, communities and the planet.

About Chiesi Group

Chiesi is a research-oriented international biopharmaceutical group that develops and markets innovative therapeutic solutions in respiratory health, rare diseases, and specialty care. The company’s mission is to improve people’s quality of life and act responsibly towards both the community and the environment.

By adopting the legal form of Benefit Corporation in Italy, the US, France and Colombia, Chiesi’s commitment to creating shared value for society as a whole is legally binding and central to company-wide decision-making. As a certified B Corp since 2019, Chiesi meets verified standards for social and environmental business practices. The company aims to reach Net-Zero greenhouse gases (GHG) emissions by 2035.

With 90 years of experience, Chiesi is headquartered in Parma (Italy), with 31 affiliates worldwide, and counts more than 7,900 employees. The Group’s research and development center in Parma works alongside 6 other important R&D hubs in France, the US, Canada, China, the UK, and Sweden.

For further information please visit www.chiesi.com or the website of your local Chiesi affiliate.

 

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Press Info:

Anna Bonisoli Alquati, Head of Global External Communications: mediarelations@chiesi.com

Michela Lijoi, Global External Communications Sr. Manager: mobile +39 328.6353044, e-mail: m.lijoi@chiesi.com

Davide Paterlini, Global External Communications Sr. Manager: mobile +39 345.7983132, e-mail: d.paterlini@chiesi.com

AMAALA Yacht Club Opens, Putting the Red Sea on the Global Yachting Map

 Luxury sailing, wellness and exploration converge at Saudi Arabia's newest yachting destination

 

(BUSINESS WIRE)--Red Sea Global (RSG), the regenerative tourism developer, has announced that AMAALA Yacht Club has officially begun operations, marking a major milestone in establishing the Saudi Red Sea as a new global destination for luxury yachting, sailing and marine tourism.

Nestled within AMAALA Marina Village, the AMAALA Yacht Club is now welcoming founding members and visiting yachts to moor and explore the destination.

Located approximately 2,000 nautical miles from Monaco, the club provides a new winter destination for the world’s luxury sailing community, which traditionally migrates from the Mediterranean to the Caribbean or Indian Ocean from October. Positioned closer to the Mediterranean than the Caribbean, AMAALA offers an attractive winter cruising hub and a strategic gateway to the Indian Ocean.

“The AMAALA Yacht Club marks the emergence of a truly global yachting destination, offering unparalleled access to the stunning Saudi Red Sea coast. More than a world-class facility, it brings together luxury, wellness, and regenerative tourism in a way that is unique anywhere in the world,” said John Pagano, Group CEO of Red Sea Global.

AMAALA Marina features 119 berths, can accommodate superyachts of more than 100 meters and offers a comprehensive marine services, including fueling with maintenance and repair facilities in the coming years. The 7,900-square-meter AMAALA Yacht Club serves as a premier hub for the destination’s maritime community, offering world-class facilities, services and experiences for residents and visiting yacht owners alike. Berthing and mooring fees are comparable to leading European yachting destinations while yacht owners securing permanent moorings benefit from a range of exclusive privileges through selected resort partners.

Within AMAALA Yacht Club, members and guests can enjoy a selection of dining and social spaces, including AMAALA Lounge, ANQA, 27°C and The Deck, alongside a rooftop pool, private meeting suites and dedicated areas for social gatherings and events.

The AYC Academy will also offer sailing programs and watersports experiences, supporting participation at every level and across all age groups.

The club plays a key role in advancing Saudi Arabia’s presence on the global sailing stage. This includes being a centerpiece of the Grand Finale of The Ocean Race 2027, one of the world’s most prestigious sailing competitions. It will also host a series of international yachting events throughout the year.

The club’s members and guests will enjoy access to newly opened luxury resorts in AMAALA such as Four Seasons, Six Senses, Rosewood, Equinox, and Nammos with two additional resorts opening in the coming months. Visitors can revel in the elaborate wellness offerings, elite water sports, cultural programming, art installations and vibrant social spaces, creating a distinctive destination that reimagines the yachting lifestyle. With average temperatures of 26°C throughout the season and average lows of 23°C, AMAALA Offers a comfortable year-round cruising environment for yacht owners, guests and crew. Located just 45 minutes from Alwajh International Airport, the destination also provides convenient access and connectivity for international visitors.

Designed by HKS Architects, the yacht club draws inspiration from the sculpted rock formations of the Red Sea coastline, expressed through its cantilevered terraces, maritime heritage and traditional Arabian architectural forms. The landmark facility is designed to serve as long-term gathering place for the international sailing and yachting community.

Like the wider destination, AMAALA Yacht Club is powered entirely by renewable energy, reflecting Red Sea Global's commitment to responsible development and regenerative tourism.

About Red Sea Global

Red Sea Global (RSG) is a vertically integrated real estate developer with a diverse portfolio across tourism, residential, experiences, infrastructure, transport, healthcare, and services. This includes the luxury regenerative tourism destinations The Red Sea, which began welcoming guests in 2023, and AMAALA, which welcomed its first guests in 2026.

A third destination, Thuwal Private Retreat, opened in 2024. RSG was also entrusted with development works at AlWajh International Airport, focused on upgrading the terminal and infrastructure.

RSG is a PIF company and a cornerstone of Saudi Arabia’s ambition to diversify its economy. Across its growing portfolio of destinations, subsidiaries, and businesses, RSG seeks to lead the world toward a more sustainable future, showing how responsible development can uplift communities, drive economies, and enhance the environment.

About AMAALA Yacht Club

AMAALA Yacht Club is a new international hub for luxury yachting within AMAALA, the ultra-luxury wellness destination in the protected Prince Mohammed bin Salman Royal Reserve. Combining world-class marina infrastructure, contemporary design and exceptional hospitality, AMAALA Yacht Club serves as a gateway to the Red Sea, one of the world's most unexplored cruising grounds.

The 119-berth marina accommodates superyachts of more than 100 metres and offers a full international port of entry. Situated approximately 200 nautical miles south of the Suez Canal, the yacht club is ideally positioned for vessels looking to explore waters beyond the Mediterranean and Caribbean, while also providing an attractive winter base for both private and charter yachts.

Designed by internationally renowned architects HKS, the 7,900-square-metre clubhouse brings together elegant dining venues, private lounges, a pool deck and year-round programme of sailing and social events. AMAALA Yacht Club is also home to the AYC Academy, which delivers sailing programs for all ages and abilities, helping to inspire the next generation of sailors and establish the Red Sea as an emerging centre for sailing excellence.

AMAALA Yacht Club will host major international sailing events, including The Ocean Race in 2027, cementing its position as a new global hub for yachting and sailing in the Red Sea.

 

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For more information, please contact:

Arwa Alsantli, Manager - Public Relations

+966 56 616 6017

Arwa.Alsantli@RedSeaGlobal.com

Workiva Advances Regulatory Work with AI Innovation

 LAS VEGAS -

Agent Studio anchors AI capabilities unveiled at Amplify 2026

(BUSINESS WIRE) -- Workiva Inc. (NYSE: WK), a leading, audit-ready platform for trust, transparency, and accountability, unveiled dozens of new product and platform innovations at Amplify 2026, the company’s annual conference attended by thousands of finance, accounting, sustainability, risk, and compliance leaders.

Workiva Debuts Agent Studio

Workiva introduced Agent Studio, a landmark platform capability that empowers users to quickly build, customize, and deploy AI agents in Workiva's trusted platform. By combining AI reasoning with Workiva's native platform capabilities, enterprise knowledge, and governed workflows, Agent Studio enables users to automate sophisticated manual business processes without writing any code. Organizations can enrich agents with company-specific knowledge and context, tailor them to their own processes, and schedule automations to execute recurring work.

“With Agent Studio, we're putting the power to build in the hands of the people who know the work and their company the best. But what you build is only as strong as what it's built on,” said Julie Iskow, CEO of Workiva. "Every company has access to AI. What matters is whether your outcomes are traceable, defensible, and can hold up in front of investors and regulators. This is even more important as AI becomes more ubiquitous."

Workiva Broadens Regulatory Reporting Footprint

The release of three new agentic solutions marks Workiva’s expansion into a wider universe of reporting obligations and regulatory work. Starting with what has historically been highly manual regulatory disclosures, such as BEA (Bureau of Economic Analysis) surveys, US Census surveys, and Country-by-Country Reporting, accounting and finance teams will be able to manage a broader range of regulatory requirements within the same connected platform.

Workiva Launches Automated Testing for Internal Audit and GRC

The new agentic solution accelerates testing while maintaining consistency, traceability, and governance. By orchestrating evidence, attribute, and testing agents, the solution replaces manual evidence collection, sample selection, attribute testing, and documentation with a purpose-built workflow that provides full traceability at every step. The result is expanded sampling capacity, broader risk coverage, and the ability to scale testing without scaling manual effort.

"Transformation requires genuine buy-in at every level of the value stream. This work has always demanded process precision. Now it demands velocity, too,” said Keri Tracy, Chief Audit Executive of Newell Brands. “As AI takes on more work, it frees audit professionals to focus on higher-value judgment, interpretation, and risk management. But that only works if people trust the technology. When teams feel heard, valued, and supported through the change, adoption follows naturally, controls strengthen, and the integrity of the process becomes the foundation that withstands any audit or regulatory scrutiny."

For more information about innovations announced at Amplify, visit workiva.com/platform/whats-new. Video demonstrations are available on the Workiva Demo Center, and Amplify attendees can experience them live in the Amplify hub.

About Workiva

Workiva Inc. (NYSE: WK) powers trust, transparency, and accountability. Finance, accounting, sustainability, risk, and audit teams from more than 6,700 organizations, including over 85% of Fortune 1,000 companies, rely on Workiva for their mission-critical work. Workiva transforms how customers connect data, unify processes, and empower teams in a secure, audit-ready platform. Learn more at workiva.com.

 

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Media Contact:

Lauren Covello

Workiva Inc.

press@workiva.com

 

The Estée Lauder Companies Announces Partnership with Profound to Expand AI Visibility Across Its Global Brand Portfolio

 Partnership enables the company to lead prestige beauty's transition to AI-powered discovery while better understanding how consumers discover, evaluate, and engage with its brands across AI answer engines

 

(BUSINESS WIRE)--The Estée Lauder Companies Inc. (NYSE: EL) today announced a global strategic partnership with Profound, the category-defining AI marketing platform, advancing its ambition to be prestige beauty’s leader in AI-native discovery. The partnership will provide the company with visibility into how its full portfolio of brands is represented across leading generative AI platforms, as well as opportunities to optimize that representation. This partnership establishes the company as the first in prestige beauty to deploy Profound’s capabilities globally across the company’s full portfolio and operationalize Generative Engine Optimization (GEO) and AI marketing at scale.

As consumers increasingly turn to ChatGPT, Gemini, and other AI assistants to discover products, compare recommendations, and seek personalized beauty advice before a purchase, The Estée Lauder Companies is partnering with Profound to define the next era of beauty discovery.

This partnership will equip the company with a unified view of how its brands appear across major AI search platforms globally, providing insight into when and how they are recommended and where opportunities exist to improve visibility and accuracy. The company will then use these insights and Profound’s agentic tools to optimize content across brands’ product description pages, blogs, YouTube channels, and content creation at scale — ensuring product information, ingredients, claims, and benefits are optimized for consumer visibility and easier for large language models to understand and surface to consumers.

“The way people discover beauty is being rewritten in real time, and we intend to shape that shift rather than reacting to it,” said Aude Gandon, Global Chief Digital & Marketing Officer, The Estée Lauder Companies. “This partnership gives every brand in our portfolio the ability to show up distinctly, consistently, and accurately wherever our consumers are asking for recommendations. Our work with Profound is a natural extension of how we already think about culture, community, and commerce working together — and it puts us at the front of an industry-wide transition.”

“The Estée Lauder Companies recognizes that understanding how its brands are represented across AI is now essential to serving consumers wherever they choose to discover products and information,” said James Cadwallader, CEO and Co-founder, Profound. “Through this partnership, the company is now approaching GEO in the way the best marketers approach any platform shift: early, comprehensively, and with real operational commitment. Enabling this strategy at scale across an entire prestige beauty portfolio sets a new bar for what enterprise AI visibility strategy looks like in this category.”

By bringing enterprise-wide AI representation insights into its One Operating Ecosystem, The Estée Lauder Companies is strengthening its ability to understand how consumers encounter its brands across emerging digital touchpoints, respond to evolving needs, and deliver more relevant experiences across its global portfolio.

About The Estée Lauder Companies Inc.

The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers and sellers of quality skin care, makeup, fragrance and hair care products, and is a steward of luxury and prestige brands globally. The Company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, the DECIEM family of brands, including The Ordinary, NIOD, Avestan and Loopha, and Balmain Beauty.

About Profound

Profound is the fastest-growing AI marketing platform used by 16% of the Fortune 500, including Comcast and Walmart, and innovators like Ramp, MongoDB, and Figma. It is the workbench where marketers research, write, report, and collaborate with their AI Marketer to ensure their brand is chosen by the Answer Engines consumers increasingly rely on.

ELC-C

 

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Media Relations:

Brendan Riley

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Investor Relations:

Rainey Mancini

rmancini@estee.com

The LYCRA Company Appoints Hua Du as Chief Executive Officer

 WILMINGTON, Del. - Tuesday, 15. September 2026

(BUSINESS WIRE) -- The LYCRA Company, a global leader in developing fiber and technology solutions for the apparel and personal care industries, announced today that Hua Du has been appointed chief executive officer, effective September 14, as the company enters its next chapter following the successful completion of its financial restructuring. Du succeeds Dean Williams, who served as interim chief executive officer and will continue in his role as chief financial officer.

Du brings 30 years of leadership experience in the specialty chemical and biotech-based industries, driving transformational growth across global businesses. Du most recently served as CEO of Grobest Group, a private equity-backed animal nutrition business, where he led a comprehensive operational turnaround culminating in the company's sale. Earlier in his career, he held senior leadership roles at Rhodia (later acquired by Solvay) and managed electronic materials businesses across Asia for Rohm and Haas, later acquired by Dow Chemical.

“We are pleased to welcome Hua as The LYCRA Company’s next CEO,” said Bruce Rubin, executive chairman of the company’s board of directors. “With his extensive technical expertise, operational leadership, and global customer focus, we are confident that Hua has the experience and vision to help shape a successful future for the business. On behalf of the board, I would like to thank Dean Williams for his leadership as interim CEO during this period of transition.”

“The LYCRA Company is built on a legacy of innovation, operational excellence, globally trusted brands, and deep expertise in fiber and materials science,” said Du. "I am honored to join this exceptional organization as we unlock new opportunities for innovation and growth.”

About The LYCRA Company

The LYCRA Company innovates and produces fiber and technology solutions for the apparel and personal care industries and owns the leading consumer brands: LYCRA®, LYCRA HyFit®, LYCRA® T400®, COOLMAX®, THERMOLITE®, ELASPAN®, SUPPLEX® and TACTEL®. Headquartered in Wilmington, Delaware, United States, The LYCRA Company is recognized worldwide for its high-quality products, technical expertise, and marketing support. The LYCRA Company focuses on adding value to its customers’ products by developing unique innovations designed to meet the consumer’s need for comfort and lasting performance. Learn more at thelycracompany.com.

 

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Karie J. Ford

Karie.j.ford@lycra.com