CONSHOHOCKEN, Pa., March 24, 2021 /PRNewswire/ -- Quaker
Houghton ("the Company"; NYSE: KWR) announced today that
Mary Dean Hall, Senior Vice
President, Chief Financial Officer and Treasurer will be leaving
the Company to accept the position of Executive Vice President and
Chief Financial Officer of Ingevity Corporation (NYSE: NGVT),
headquartered in North Charleston, South
Carolina, allowing her to relocate closer to family.
Ms. Hall will remain with Quaker Houghton through
April 18, 2021 to ensure a smooth
transition.
The Company also announced the promotion of Shane Hostetter to Senior Vice President and
Chief Financial Officer, effective April
19, 2021. Shane has been with Quaker Houghton since
2011, taking on increasingly senior financial positions during his
tenure, including his current role as Vice President, Finance and
Chief Accounting Officer. Shane's responsibilities have
spanned the financial aspects of the organization, including
accounting, financial planning and analysis, treasury, and investor
relations, and he has also directed financial diligence for all of
the Company's acquisitions over the past decade, as well as the
combination between Quaker and Houghton. Shane is a certified
public accountant and has an MBA in Finance.
Michael F. Barry, Chairman, Chief
Executive Officer and President for Quaker Houghton commented,
"Mary has been a valued business partner and has helped to
successfully lead the Company through a tremendous period of growth
and change. I have no doubt that she will be a great addition
to the Ingevity leadership team, and I know that it was important
for Mary to be closer to family in South
Carolina." He continued, "Through the Company's succession
planning process, we had identified Shane as the successor to Mary
and we have been giving him progressively senior financial roles.
I have worked closely with Shane over the past ten years, and
I am confident he will be a strong CFO for Quaker Houghton.
His broad experience and capabilities in all aspects of finance,
his fundamental understanding of our businesses, and his strong
M&A experience enables Shane to uniquely help us drive our
continued growth strategy."
"Quaker Houghton is a wonderful company with a very bright
future," said Ms. Hall. "It has been my honor to work with such a
great group of people and help grow the business these past five
years. I know the Company is fully prepared to continue to
execute on its strategy and deliver on the significant
opportunities that lie ahead, and I expect to remain a long-term
shareholder in the Company."
About Quaker Houghton
Quaker Houghton is a global leader in industrial process
fluids. With a presence around the world, including
operations in over 25 countries, our customers include thousands of
the world's most advanced and specialized steel, aluminum,
automotive, aerospace, offshore, can, mining, and metalworking
companies. Our high-performing, innovative and sustainable
solutions are backed by best-in-class technology, deep process
knowledge and customized services. With approximately 4,200
employees, including chemists, engineers and industry experts, we
partner with our customers to improve their operations so they can
run even more efficiently, even more effectively, whatever comes
next. Quaker Houghton is headquartered in Conshohocken, Pennsylvania, located near
Philadelphia in the United
States. Visit quakerhoughton.com to learn more.
Investor
Contact:
Mary Dean
Hall
Senior Vice
President, Chief Financial Officer
and Treasurer
investor@quakerhoughton.com
T.
1.610.832.4000
|
Media
Contact:
Melissa
McClain
Director,
Communications
media@quakerhoughton.com
T.
1.610.832.7809
|
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SOURCE Quaker Houghton