Canhorn Appoints Peter Fass New CEO

Canhorn Chemical Corp. (Toronto) and its wholly owned operating company Riba Corp. have named Peter J. Fass both companies' CEO and president, effective immediately.

Herman Becker-Fluegel, the former chief executive of CanChem, remains non-executive chairman of that company. These appointments are subject to regulatory approval.

Riba Corp. (Decatur, Ill.) produces and markets specialty organic chemicals used primarily in the manufacture of flavors and fragrances. An additional product line of ultra high purity materials is sold to the electronics industry.

Canhorn Chemical Corp. is an investment and management company established to finance investments in the United States and Canadian chemical industries.

Fass has been involved in the chemical industry since 1963 when he joined Reichhold Chemicals as a trainee. He became president of the worldwide company in 1975, serving in that post until 1986. He left to help form Peridot Chemicals Inc. by acquiring two medium sized producers of sulfur-based chemical products. Peridot was sold to General Chemicals in mid 1997.