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Quaker Houghton Appoints Two New Independent Directors to its Board of Directors

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Quaker Houghton (NYSE: KWR), a global leader in industrial process fluids, has appointed two new independent directors to its Board of Directors: Nandita Bakhshi and Lucrèce Foufopoulos-De Ridder. Both are experienced global executives with extensive operational and strategic backgrounds across diverse industries.

Ms. Bakhshi, former President and CEO of Bank of the West, brings expertise from the financial sector. Ms. Foufopoulos-De Ridder has 30 years of experience in the specialty chemicals and materials industry, most recently as Executive VP at Borealis Group. These appointments aim to provide valuable perspectives as Quaker Houghton advances its growth strategy and focuses on delivering long-term shareholder value.

Quaker Houghton (NYSE: KWR), leader globale nei fluidi per processi industriali, ha nominato due nuovi direttori indipendenti nel suo Consiglio di Amministrazione: Nandita Bakhshi e Lucrèce Foufopoulos-De Ridder. Entrambi sono dirigenti globali esperti con una vasta esperienza operativa e strategica in diversi settori.

La signora Bakhshi, ex Presidente e CEO di Bank of the West, porta con sé competenze provenienti dal settore finanziario. La signora Foufopoulos-De Ridder ha 30 anni di esperienza nell'industria chimica speciale e dei materiali, recentemente in qualità di Vicepresidente Esecutivo presso Borealis Group. Queste nomine mirano a fornire preziose prospettive mentre Quaker Houghton avanza nella sua strategia di crescita e si concentra sulla creazione di valore a lungo termine per gli azionisti.

Quaker Houghton (NYSE: KWR), líder global en fluidos de procesos industriales, ha nombrado a dos nuevos directores independientes en su Junta Directiva: Nandita Bakhshi y Lucrèce Foufopoulos-De Ridder. Ambos son ejecutivos globales experimentados con amplios antecedentes operativos y estratégicos en diversas industrias.

La Sra. Bakhshi, ex Presidenta y CEO de Bank of the West, aporta su experiencia del sector financiero. La Sra. Foufopoulos-De Ridder tiene 30 años de experiencia en la industria de químicos y materiales especiales, más recientemente como Vicepresidenta Ejecutiva en Borealis Group. Estos nombramientos buscan proporcionar perspectivas valiosas mientras Quaker Houghton avanza en su estrategia de crecimiento y se enfoca en ofrecer valor a largo plazo a los accionistas.

Quaker Houghton (NYSE: KWR)는 산업 프로세스 유체 분야의 글로벌 리더로서 이사회의 두 명의 새로운 독립 이사를 임명했습니다: Nandita Bakhshi와 Lucrèce Foufopoulos-De Ridder. 두 사람 모두 다양한 산업 분야에서 광범위한 운영 및 전략적 배경을 가진 경험이 풍부한 글로벌 경영자입니다.

Bakhshi 씨는 Bank of the West의 전 회장 겸 CEO로서 금융 분야에서 전문성을 쌓았습니다. Foufopoulos-De Ridder 씨는 최근 Borealis Group의 전무 부사장으로 30년 이상의 전문 화학 및 재료 산업 경험을 보유하고 있습니다. 이러한 임명은 Quaker Houghton이 성장 전략을 추진하고 장기 주주 가치를 제공하는 데 귀중한 관점을 제공하기 위한 것입니다.

Quaker Houghton (NYSE: KWR), un leader mondial dans les fluides de process industriels, a nommé deux nouveaux administrateurs indépendants à son Conseil d'Administration : Nandita Bakhshi et Lucrèce Foufopoulos-De Ridder. Toutes deux sont des dirigeantes expérimentées aux antécédents opérationnels et stratégiques étendus dans divers secteurs.

Madame Bakhshi, ancienne présidente et PDG de Bank of the West, apporte une expertise provenant du secteur financier. Madame Foufopoulos-De Ridder possède 30 ans d'expérience dans l'industrie des produits chimiques spéciaux et des matériaux, et a récemment été vice-présidente exécutive au sein du Groupe Borealis. Ces nominations visent à fournir des perspectives précieuses alors que Quaker Houghton fait progresser sa stratégie de croissance et se concentre sur la création de valeur à long terme pour les actionnaires.

Quaker Houghton (NYSE: KWR), ein globaler Marktführer für industrielle Prozessflüssigkeiten, hat zwei neue unabhängige Direktoren in seinen Vorstand berufen: Nandita Bakhshi und Lucrèce Foufopoulos-De Ridder. Beide sind erfahrene globale Führungskräfte mit umfassendem operativen und strategischen Hintergrund in verschiedenen Branchen.

Frau Bakhshi, ehemalige Präsidentin und CEO von Bank of the West, bringt Fachwissen aus dem Finanzsektor mit. Frau Foufopoulos-De Ridder hat 30 Jahre Erfahrung in der Spezialchemikalien- und Materialindustrie, zuletzt als Executive VP der Borealis Group. Diese Ernennungen sollen wertvolle Perspektiven liefern, während Quaker Houghton seine Wachstumsstrategie vorantreibt und sich auf die Schaffung langfristiger Aktionärswerte konzentriert.

Positive
  • Addition of two experienced global executives to the Board of Directors
  • Potential for new perspectives and insights to advance growth strategy
  • Enhanced diversity in Board composition
Negative
  • None.

CONSHOHOCKEN, Pa., July 31, 2024 /PRNewswire/ -- Quaker Houghton (NYSE: KWR) today announced the appointment of two new independent directors, Nandita Bakhshi and Lucrèce Foufopoulos-De Ridder, to the company's Board of Directors, effective immediately.

Michael F. Barry, Chairman of the Board of Directors of Quaker Houghton, stated: "We are extremely pleased to welcome Nandita and Lucrèce to our Board.  They are both skilled global executives with extensive operational and strategic experience across a diverse set of global businesses and industries.  We are confident these proven leaders will make a meaningful contribution to our Board and the Company."

Andy Tometich, Chief Executive Officer and President, stated: "We are delighted to welcome Nandita and Lucrèce to the Board.  They will provide valuable perspectives and insights as we continue to advance our growth strategy and deliver long-term shareholder value."

Ms. Bakhshi currently serves as a board member of BMO Financial Corp., BMO Bank N.A., Beyond Meat and Grameen America, Inc. Previously, Ms. Bakhshi served as President and Chief Executive Officer of Bank of the West and was also co-Chief Executive Officer of BNP Paribas USA Inc.  Prior to joining Bank of the West, Ms. Bakhshi served as Head of US Consumer Bank and Group Head of Direct Channels at TD Bank, Head of Products and Payments at Washington Mutual, and as Head of Mobile Commerce at First Data. Ms. Bakhshi holds a Master of Arts in international relations from Jadavpur University and a Bachelor of Arts in history from the University of Calcutta.

Ms. Foufopoulos-De Ridder holds 30 years of experience serving the specialty chemicals and materials industry, most recently as Executive Vice President Polyolefins, Circular Economy Solutions and Innovation & Technology of Borealis Group, one of the world's leading providers of advanced and sustainable polyolefin solutions. Prior to joining the Borealis Group, she served in senior leadership roles at Eastman Chemical, including as Vice President and General Manager, Rubber Additives and Chief Commercial Officer.  Previously, she held a variety of business, strategy, commercial and technology leadership roles at the Dow Chemical Company, Rohm and Haas, Dow Corning and Raychem Corporation. Ms. Foufopoulos-De Ridder holds a Master of Science in Polymers and Composites Engineering from European Universities and a Master of Science in Materials Engineering from the University of Gent.

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.

(PRNewsfoto/Quaker Houghton)

 

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FAQ

Who are the new independent directors appointed to Quaker Houghton's (KWR) Board?

Quaker Houghton (KWR) has appointed Nandita Bakhshi and Lucrèce Foufopoulos-De Ridder as new independent directors to its Board of Directors, effective immediately.

What is Nandita Bakhshi's background before joining Quaker Houghton's (KWR) Board?

Nandita Bakhshi previously served as President and CEO of Bank of the West and co-CEO of BNP Paribas USA Inc. She has also held leadership positions at TD Bank, Washington Mutual, and First Data.

What experience does Lucrèce Foufopoulos-De Ridder bring to Quaker Houghton's (KWR) Board?

Lucrèce Foufopoulos-De Ridder has 30 years of experience in the specialty chemicals and materials industry, most recently as Executive VP at Borealis Group. She has also held senior roles at Eastman Chemical, Dow Chemical, and other companies.

How many countries does Quaker Houghton (KWR) operate in?

Quaker Houghton (KWR) has operations in over 25 countries globally, serving thousands of advanced and specialized companies in various industries.

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