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Quaker Houghton Appoints Joseph Berquist as CEO and President

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Quaker Houghton (NYSE: KWR) has appointed Joseph Berquist as Chief Executive Officer, President, and Board member, succeeding Andy Tometich effective immediately. Berquist, previously Executive Vice President and Chief Commercial Officer, brings over 25 years of company experience. Since joining in 1997, he has been important in driving growth, including co-leading the 2019 Quaker Houghton combination that generated over $80M in synergies. As Managing Director North America from 2008, he achieved consecutive years of revenue and profitability improvement and has been involved in 24 company acquisitions.

Quaker Houghton (NYSE: KWR) ha nominato Joseph Berquist come Amministratore Delegato, Presidente e membro del Consiglio, succedendo ad Andy Tometich con effetto immediato. Berquist, precedentemente Vice Presidente Esecutivo e Chief Commercial Officer, porta con sé oltre 25 anni di esperienza aziendale. Da quando è entrato nell'azienda nel 1997, ha giocato un ruolo fondamentale nella crescita, tra cui la co-leadership della fusione di Quaker Houghton nel 2019, che ha generato oltre 80 milioni di dollari in sinergie. Come Direttore Generale per il Nord America dal 2008, ha raggiunto anni consecutivi di miglioramento dei ricavi e della redditività ed è stato coinvolto in 24 acquisizioni aziendali.

Quaker Houghton (NYSE: KWR) ha nombrado a Joseph Berquist como Director Ejecutivo, Presidente y miembro de la Junta, sucediendo a Andy Tometich con efecto inmediato. Berquist, anteriormente Vicepresidente Ejecutivo y Director Comercial, aporta más de 25 años de experiencia en la empresa. Desde que se unió en 1997, ha sido importante en la impulsión del crecimiento, incluyendo la co-lideranza de la fusión de Quaker Houghton en 2019, que generó más de 80 millones de dólares en sinergias. Como Director General de América del Norte desde 2008, logró años consecutivos de mejora en ingresos y rentabilidad y ha estado involucrado en 24 adquisiciones de empresas.

Quaker Houghton (NYSE: KWR)는 Joseph Berquist를 최고경영자(CEO), 회장 및 이사로 임명하여 Andy Tometich를 즉시 대체했습니다. Berquist는 이전에 최고 상업 책임자와 집행 부사장을 맡았으며, 25년 이상의 기업 경험을 가지고 있습니다. 1997년 기업에 합류한 이후, 그는 2019년 Quaker Houghton 통합을 공동 주도하며 8천만 달러 이상의 시너지를 창출하는 등 성장을 이끄는 데 중요한 역할을 했습니다. 2008년부터 북미 전무 이사로 재직하며, 그는 연속적인 수익 및 수익성 향상을 이루었고 24건의 기업 인수에도 참여했습니다.

Quaker Houghton (NYSE: KWR) a nommé Joseph Berquist au poste de Directeur Général, Président et membre du Conseil d'Administration, succédant à Andy Tometich avec effet immédiat. Berquist, précédemment Vice-Président Exécutif et Directeur Commercial, apporte plus de 25 ans d'expérience dans l'entreprise. Depuis son arrivée en 1997, il a joué un rôle clé dans la croissance, notamment en co-dirigeant la fusion de Quaker Houghton en 2019, qui a généré plus de 80 millions de dollars de synergies. En tant que Directeur Général pour l'Amérique du Nord depuis 2008, il a obtenu des années consécutives d'amélioration des revenus et de la rentabilité et a été impliqué dans 24 acquisitions d'entreprises.

Quaker Houghton (NYSE: KWR) hat Joseph Berquist zum Chief Executive Officer, Präsidenten und Mitglied des Vorstands ernannt, der Andy Tometich mit sofortiger Wirkung nachfolgt. Berquist, zuvor Executive Vice President und Chief Commercial Officer, bringt über 25 Jahre Erfahrung im Unternehmen mit. Seit seinem Eintritt im Jahr 1997 war er maßgeblich am Wachstum beteiligt, darunter die Mitleitung der Fusion von Quaker Houghton im Jahr 2019, die über 80 Millionen Dollar an Synergien generierte. Als Geschäftsführer für Nordamerika seit 2008 erzielte er aufeinanderfolgende Jahre mit Umsatz- und Gewinnsteigerungen und war an 24 Unternehmensübernahmen beteiligt.

Positive
  • Appointment of CEO with 25+ years of company experience
  • Track record of driving revenue and profitability improvement as Managing Director North America
  • Successfully co-led integration generating $80M+ in synergies
  • Involvement in 24 successful company acquisitions
  • Deep industry and customer knowledge beneficial for market share growth
Negative
  • Unexpected departure of previous CEO after only three years

CONSHOHOCKEN, Pa., Nov. 18, 2024 /PRNewswire/ -- Quaker Houghton ("the Company"; NYSE: KWR) announced today that its Board of Directors has appointed Joseph Berquist as Chief Executive Officer and President, and a member of the Board of Directors, effective immediately. Mr. Berquist, who succeeds Andy Tometich as Chief Executive Officer and President, most recently served as Executive Vice President and Chief Commercial Officer for Quaker Houghton.

Michael F. Barry, Chairman of the Board of Directors of Quaker Houghton commented, "I want to thank Andy for his three years of leadership at Quaker Houghton. His outside perspective and experiences were valuable to help position the Company for future growth. The Board's plan since my retirement has been, ultimately, to have a CEO with detailed working knowledge and experience with our specific industry, customers, and products. That detailed familiarity with the business will help drive shareholder value as we grow through organic market share gains as well as acquisitions."

Mr. Barry continued, "Joe has demonstrated exceptional leadership at Quaker Houghton throughout his career. Having personally worked with Joe for more than 25 years, I know him to be a highly regarded leader with an indisputable knowledge and passion for this industry, our customers, and our people. His vision and proven track record in delivering above-market growth for Quaker Houghton is precisely what is needed as the Company enters this next chapter."

"I am honored to have the confidence of our Board of Directors to lead this organization at such an exciting time for Quaker Houghton", Mr. Berquist said. "I look forward to continuing to work alongside my remarkable colleagues to enhance Quaker Houghton's position as the trusted global leader in industrial process fluids and services. We have a strong foundation and proven business model with an opportunity to add scale, strengthen our culture, and deliver long-term sustainable value to our customers and our shareholders."

Since joining Quaker Houghton in 1997, Mr. Berquist has been instrumental in the execution of the Company's growth. In 2008, he was promoted to the Company's executive leadership team as Managing Director North America, where he drove several consecutive years of revenue and profitability improvement. Mr. Berquist successfully co-led the integration planning of the 2019 Quaker Houghton combination, a transaction that nearly doubled the Company's size, and generated synergies in excess of $80M. During his tenure, he has been involved in executing 24 of the Company's acquisitions.  In 2019, Mr. Berquist assumed the role of Chief Strategy Officer, where he led the organization's strategy development. In 2023, Mr. Berquist was appointed to the newly created position of Executive Vice President, Chief Commercial Officer with commercial responsibility over all Quaker Houghton's global businesses.

About Quaker Houghton
Quaker Houghton is the 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, container, 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 4,400 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.

Forward-Looking Statements
This press release contains "forward-looking statements" that fall under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and the Securities Act of 1933, as amended. These statements can be identified by the fact that they do not relate strictly to historical or current facts. These forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, intentions, financial condition, results of operations, future performance, and business, and statements that include the words "may," "could," "should," "would," "believe," "expect," "anticipate," "estimate," "intend," "outlook, "target", "possible", "potential", "plan" or similar expressions. We have based these forward-looking statements on assumptions, projections and expectations about future events that we believe are reasonable based on currently available information. Our forward-looking statements are subject to risks, uncertainties and assumptions about the Company and its operations that are subject to change based on various important factors, some of which are beyond our control and could cause our actual results to differ materially from expected and historical results. Therefore, we caution you not to place undue reliance on our forward-looking statements. For more information regarding these risks and uncertainties as well as certain additional risks that we face, refer to the Risk Factors section, which appears in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2023, and in subsequent reports filed from time to time with the Securities and Exchange Commission. We do not intend to, and we disclaim any duty or obligation to, update or revise any forward-looking statements to reflect new information or future events or for any other reason. This discussion is provided as permitted by the Private Securities Litigation Reform Act of 1995.

(PRNewsfoto/Quaker Houghton)

 

 

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SOURCE Quaker Houghton

FAQ

Who is the new CEO of Quaker Houghton (KWR)?

Joseph Berquist has been appointed as the new CEO and President of Quaker Houghton, effective immediately.

What was Joseph Berquist's previous role at Quaker Houghton (KWR)?

Berquist previously served as Executive Vice President and Chief Commercial Officer at Quaker Houghton.

How long has Joseph Berquist been with Quaker Houghton (KWR)?

Berquist has been with Quaker Houghton since 1997, serving over 25 years with the company.

How many acquisitions has Joseph Berquist been involved in at Quaker Houghton (KWR)?

Berquist has been involved in executing 24 of the company's acquisitions during his tenure.

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