Naren Srinivasan nominato Vice Presidente per la Strategia e lo Sviluppo aziendale di GCP Applied Technologies Inc.
COLUMBIA, Md.--(BUSINESS WIRE)--W. R. Grace & Co. (NYSE: GRA) ha annunciato quest'oggi di aver assunto Naren Srinivasan per la carica di Vicepresidente per la Strategia e lo Sviluppo aziendale di GCP Applied Technologies Inc., la società pubblica che nascerà dalla scissione pianificata per i primi mesi del 2016, tra il settore dei Prodotti di costruzione di Grace e la sua società di Tecnologie per imballaggio Darex. Al momento della scissione, Srinivasan guiderà la strategia globale e le attività di sviluppo aziendale di GCP, oltre alle funzioni di comunicazione e applicazione per i clienti. Riporterà a Gregory E. Poling, il Presidente e CEO designato di GCP, e sarà membro del team di leadership della nuova società. Sarà di base presso la sede globale di GCP a Cambridge, MA.
Srinivasan arriva in GCP dalla Hertz Corporation (NYSE: HTZ), dov'è stato Vicepresidente Senior di Strategia Globale e Sviluppo Aziendale. Srinivasan ha inoltre ricoperto ruoli di sviluppo aziendale e di strategia presso la Meadwestvaco Corporation. Le sua precedente esperienza di private equity include: UBS Investment Bank; Five Arrows Capital; Evercore partners e Dillon, Read & Co.
"La Strategia e lo Sviluppo aziendale—inclusa la nostra attività di acquisizione—ricoprirà un ruolo fondamentale e vitale per la nostra strategia di crescita", ha dichiarato Poling. "Naren è un leader talentuoso con una grande esperienza in quest'area, e siamo orgogliosi che ora faccia parte del team di GCP".
GCP Applied Technologies avrà clienti in oltre 110 paesi, operazioni in sei continenti e un team di 2500 dipendenti. Grazie a una conoscenza applicata e al servizio eccellente, GCP Applied Technologies offre prodotti chimici e materiali edilizi speciali per la maggior parte delle strutture più rinomate al mondo, e le tecnologie di packaging per le più note aziende dei nostri clienti.
About Grace
Built on talent, technology, and trust, Grace is a leading global supplier of catalysts; engineered and packaging materials; and specialty construction chemicals and building materials. The company’s three industry-leading business segments—Grace Catalysts Technologies, Grace Materials Technologies, and Grace Construction Products—provide innovative products, technologies, and services that improve the products and processes of our customer partners in over 150 countries around the world. Grace employs approximately 6,500 people in over 40 countries and had 2014 net sales of $3.2 billion. More information about Grace is available at grace.com.
This announcement contains forward-looking statements, that is, information related to future, not past, events. Such statements generally include the words “believes,” “plans,” “intends,” “targets,” “will,” “expects,” “suggests,” “anticipates,” “outlook,” “continues,” or similar expressions. Forward-looking statements include, without limitation, expected financial positions; results of operations; cash flows; financing plans; business strategy; operating plans; capital and other expenditures; competitive positions; growth opportunities for existing products; benefits from new technology and cost reduction initiatives, plans and objectives; and markets for securities. For these statements, Grace claims the protection of the safe harbor for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Like other businesses, Grace is subject to risks and uncertainties that could cause its actual results to differ materially from its projections or that could cause other forward-looking statements to prove incorrect. Factors that could cause actual results to materially differ from those contained in the forward-looking statements include, without limitation: risks related to foreign operations, especially in emerging regions; the cost and availability of raw materials and energy; the effectiveness of its research and development and growth investments; acquisitions and divestitures of assets and gains and losses from dispositions; developments affecting Grace’s outstanding indebtedness; developments affecting Grace's funded and unfunded pension obligations; its legal and environmental proceedings; uncertainties that may delay or negatively impact the separation transaction or cause the separation transaction to not occur at all; uncertainties related to the company’s ability to realize the anticipated benefits of the spin-off; the inability to establish or maintain certain business relationships and relationships with customers and suppliers or the inability to retain key personnel during the period leading up to and following the separation transaction; costs of compliance with environmental regulation; and those additional factors set forth in Grace's most recent Annual Report on Form 10-K, quarterly report on Form 10-Q and current reports on Form 8-K, which have been filed with the Securities and Exchange Commission and are readily available on the Internet at www.sec.gov. Reported results should not be considered as an indication of future performance. Readers are cautioned not to place undue reliance on Grace's projections and forward-looking statements, which speak only as the date thereof. Grace undertakes no obligation to publicly release any revision to the projections and forward-looking statements contained in this announcement, or to update them to reflect events or circumstances occurring after the date of this announcement.