Charlotte-based polyethylene terephthalate (PET) resin and polyester staple fiber producer DAK Americas LLC has promoted Jorge Young to president and CEO. Young, formerly executive vice president - PET Resins, succeeds Hector Camberos, who has retired from that position, which he has held since the founding of DAK Americas in 2001 as a subsidiary of Mexico-based conglomerate Alfa S.A.B. de C.V.

Camberos will return to his home in Argentina to lead DAK Americas' Argentina PET business. He also will be involved with Alfa's strategic growth initiatives and new business developments in South America.

"I am pleased to hand over the leadership to Jorge Young to continue the growth of DAK Americas into its second decade and still be able to contribute and help further expand DAK and Alfa in South America," Camberos said.

Under Young's leadership of PET Resins, that business increased its capacity to more than 4.3 billion pounds per year, becoming North America's largest PET resin producer and the second-largest globally.

In conjunction with Young's promotion, DAK Americas has expanded its Executive Team, which also includes Jon McNaull, who moves from his position as vice president - Polyester Staple Fibers to vice president - Resins; Tom Sherlock, who has been promoted from business director - PET Resins to vice president - Specialty Polymers; and Mark Ruday, formerly president of recently acquired Wellman Inc., who now will serve DAK Americas as vice president - Fibers.

"DAK Americas has experienced tremendous growth since its formation in 2001 and has established an outstanding foundation on which the new leadership and organization can continue to consolidate operations, expand and achieve global growth."

January 10, 2012