Hua Du Appointed as New CEO of The Lycra Company Following Restructuring
The LYCRA Company has appointed Hua Du as its new Chief Executive Officer, effective September 14. This follows the company's emergence from Chapter 11 bankruptcy in May after reducing long-term debt by over $1.2 billion and securing more than $75 million in new investments. Du succeeds Dean Williams, who will remain as CFO following his interim CEO role during the restructuring period. The board highlighted Du’s extensive experience across specialty chemicals and biotechnology sectors, including leadership roles at Grobest Group, Rhodia (now part of Solvay), and Rohm and Haas (acquired by Dow Chemical). The company aims to leverage its new capital structure for future innovation, customer partnerships, and global operations. Du emphasized the organization's legacy in fiber science and trusted brands like LYCRA, COOLMAX, and TACTEL as key assets moving forward.
