Jeff Walker, a 19-year Koch company veteran, will become chairman of Invista's board of directors and CEO. Steve McCracken, Invista's current president, will serve on the board of directors, remain president and also take the reins as chief operating officer.

In addition to Walker and McCracken, Invista's board of directors will include the following: Charles Koch, chairman and CEO of Koch Industries; Joe Moeller, president and chief operating officer of Koch Industries; Bill Caffey, executive vice president of Koch Industries; Rich Fink, executive vice president of Koch Industries; Steve Feilmeier, chief finaincial officer of Koch Industries; and John Pittenger, senior vice president of Koch Industries.

Also upon closing, George Gregory, currently president and CEO of KoSa B.V., will become an Invista senior vice president, reporting directly to the CEO.