Minerals Technologies Elects Rocky Motwani to Its Board of Directors

Rhea-AI Summary

Minerals Technologies Inc. (NYSE: MTX) announced the election of Rocky Motwani to its Board of Directors. Motwani brings over 20 years of diverse experience in financial services, technology, and entrepreneurship, enhancing MTI's board with fresh insights. His previous roles include positions at JLL, McKinsey & Company, and J.P. Morgan, where he contributed to significant technological advancements. MTI, a global resource and technology company, reported sales of $1.9 billion in 2021 and focuses on serving various industries including consumer products and environmental sectors.

Positive

• Rocky Motwani's election to the Board brings fresh perspectives and diverse skills.
• Motwani's extensive experience in technology and financial services is expected to enhance board expertise.

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• None.

NEW YORK, June 30, 2022 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced that Rocky Motwani has been elected to its Board of Directors.

“Rocky is an accomplished business leader, with more than 20 years of experience in financial services, technology and entrepreneurship, and we are pleased to welcome him to our Board,” said Douglas T. Dietrich, Chairman and Chief Executive Officer. “Mr. Motwani brings fresh perspectives and a diverse set of skills from multiple sectors that will further deepen and broaden the expertise of MTI’s Board.”

Mr. Motwani began his career at JLL, a firm that specializes in real estate and investment management. He then moved to McKinsey & Company, serving the technology sector in Silicon Valley. He held senior roles at J.P. Morgan, including Managing Director, in the company’s Transaction Services franchise. He co-led the technology modernization and automation of J.P. Morgan’s global corporate FX payments business, as well as managed its escrow payments business. Mr. Motwani is a venture investor and entrepreneur and is currently a Partner and Co-Founder of Mission3, a company that is building and investing in Web3 businesses. He is also Co-Founder of Jiko Group, a technology-based bank holding company. He holds an MBA in Marketing from the Wharton School of the University of Pennsylvania, and a BS in Finance and Accounting from NYU’s Stern School of Business.

About Minerals Technologies Inc.
New York-based Minerals Technologies Inc. (MTI) is a global resource- and technology-based company that develops, produces, and markets a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. MTI serves the consumer products, paper, packaging, foundry, steel, construction, environmental, energy, and polymer industries. The Company reported sales of $1.9 billion in 2021. For further information, please visit our website at www.mineralstech.com. (MTI-G)

Investor Contact:
Erik Aldag, (212) 878-1831

Media Contact:
Jared Kornblatt, (212) 878-1840

FAQ

Who is Rocky Motwani and what experience does he bring to Minerals Technologies Inc.?

Rocky Motwani is the newly elected board member of Minerals Technologies Inc. He has over 20 years of experience in financial services and technology, having held senior roles at JLL, McKinsey & Company, and J.P. Morgan.

What impact could Rocky Motwani's election have on Minerals Technologies Inc.?

His diverse skill set and fresh perspectives may enhance the Board's decision-making and strategic direction, potentially benefiting the company's growth.

What are the key sectors served by Minerals Technologies Inc.?

Minerals Technologies Inc. serves industries including consumer products, paper, packaging, foundry, steel, construction, environmental, energy, and polymers.

What were the reported sales figures for Minerals Technologies Inc. in 2021?

Minerals Technologies Inc. reported sales of $1.9 billion in 2021.