Whipple also served as senior manager in the St. Louis office of Deloitte & Touche, LLP where he worked from 1993 to 1998. He is a certified public accountant. He earned a degree in accounting from Virginia Tech in 1985.

Rumy served as CFO of the company on an interim basis since May 2008.

Zsolt Rumy, Zoltek’s chairman and chief executive officer, said, In the year that Andy has been on board he has proven himself to be a real contributor with a strong technical and business background. He has successfully performed many challenging assignments, while strengthening our financial and accounting functions to meet increasingly complex external reporting obligations and to support our operational needs. We are pleased that we were able to fill the permanent CFO position internally with an individual who has earned the respect of our Board of Directors and employees. Andy’s promotion is a logical step in the development of our management team to execute our growth strategy of commercializing low-cost carbon fibers.