Koch not replacing McCracken, names industrial fibres boss

By Patrick Raleigh, ERJ On-line news editor
Wichita, Kansas-Koch Industries Inc. will not replace Invista president, Steve McCracken, who has resigned from the company ahead of its sale to Koch, a company spokeswoman said.
Koch had previously named McCracken as president and chief operating officer of Invista, after its $4400-million acquisition, which is due for completion in the first half of 2004.
McCracken’s responsibilities-minus the job titles-will pass to Jeff Walker, the Koch executive who has been appointed chief executive officer of Invista, said the Koch spokeswoman….

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