Appointment to Take Impact January 2022
Brings Over 30 Years of Expertise Remodeling Industrial Companies
New York–(Antara/Enterprise Wire)- Customary Industries Holdings (“Customary”), a privately-held world industrial firm, right this moment introduced, in anticipation of the closing of its acquisition of W. R. Grace (“Grace”), that Bhavesh V. (Bob) Patel will be a part of the corporate as CEO of Grace, efficient January 2022.
“We’re thrilled to welcome Bob to the Customary household as CEO of W. R. Grace,” stated David Winter and David Millstone, Co-CEOs of Customary Industries. “Bob has for many years been a visionary chief within the business, with a document of reworking companies to attain sturdy, sustainable development. He has confirmed himself to be the proper individual to guide Grace’s distinctive staff and assist architect Customary’s funding within the superior supplies house. He will probably be instrumental in taking Grace into its subsequent chapter as we guarantee a seamless transition post-close and embark on an formidable development technique.”
Patel will be a part of Customary from LyondellBasell, the place he has served as Chief Govt Officer since 2015 and led a interval of extraordinary development for the corporate. From 2010 to 2014, Patel led vital restructuring efforts in each the U.S. and Europe to optimize the corporate’s price construction and geographic footprint. All through his time at LyondellBasell, he considerably elevated earnings energy by various strategic investments—together with buying A. Schulman and constructing world-scale manufacturing amenities—and tremendously expanded the corporate’s sustainability initiatives. Throughout his tenure, LyondellBasell was named to Fortune Journal’s “World’s Most Admired Firms” checklist for 4 years in a row. Previous to becoming a member of LyondellBasell in 2010, Patel spent 20 years at Chevron Phillips Chemical Co., the place he held positions in manufacturing and led a number of companies within the U.S. and Asia.
“It’s a privilege to hitch Customary Industries and to be requested to guide W. R. Grace by its subsequent chapter,” Patel stated. “Grace is an iconic firm and a basically sturdy enterprise pushed by its exceptionally gifted staff. I look ahead to working with the management staff at Grace to take the corporate to new heights.”
Patel will succeed Hudson La Pressure, who has served as CEO of Grace since 2018. Beneath La Pressure’s management, Grace has made vital investments to ship greater development in its catalysts and supplies companies. La Pressure will proceed as CEO till the tip of the yr and can be a part of Customary’s advisory board in January 2022.
“Hudson is an exemplary chief who has been instrumental in constructing Grace into the main world chemical substances enterprise it’s right this moment. We admire his continued service as CEO by the tip of the yr and are excited to welcome him to Customary’s advisory board,” stated Winter and Millstone.
About Customary Industries:
Customary Industries is a privately-held world industrial firm working in over 80 nations with over 15,000 staff. The Customary ecosystem spans a broad array of holdings, applied sciences and investments—together with each private and non-private firms from early to late-stage—in addition to world-class constructing supplies belongings and next-generation photo voltaic options. All through its 140-year historical past, Customary has leveraged its deep business experience and imaginative and prescient to create outsize worth throughout its companies, which right this moment embrace working firms GAF, BMI, Siplast, GAF Power, Schiedel and SGI, in addition to associated companies 40 North, a multi-billion-dollar funding platform, 40 North Ventures and Winter Properties.
Supply: Customary Industries