Hallstar To Divide Beauty & Personal Care And Industrial Solutions Business Into Separate Companies
Specialty chemical company Hallstar has announced an upcoming change to the organization of its global business, as well as new leadership roles. On October 1, 2018, Hallstar will begin to operate as two commercial companies – Hallstar Industrial Solutions Company and Hallstar Beauty & Personal Care Company.
John Paro, Chairman, President and Chief Executive Officer, sees this evolution at Hallstar as both a forward-looking, invigorating deployment of its global resources, as well as a direct response to market needs. “I have always taken great pride in both sides of the business, and how both use our remarkable ester chemistry to address customers’ issues in a wide variety of industries. At the same time, we recognize that the landscapes of Industrial Solutions and Beauty & Personal Care differ significantly in terms of client behavior and product innovation. Setting ourselves up as two companies will allow our people to continue to do what they do best and focus fully on growth in their specific industry.”
Paro will remain chairman and CEO of The Hallstar Company, but will relinquish the title of president. Instead, Hallstar Industrial Solutions Company and Hallstar Beauty & Personal Care Company will both have their own president who will be responsible for the respective company’s operation and financial results. “It’s the right time for this next chapter, both for me and for the company,” Paro says. “Seeing new leadership at the helm of these two successful businesses will be gratifying. Hallstar has achieved years of growth and innovation, and its current portfolio of breakthrough technology is second-to-none – but I am 100% sure that our two new presidents will unlock more potential and take Hallstar further than I could even imagine.”
Effective October 1, Robert S. Hu, currently Hallstar Vice President, EMEA, APAC, and Global Innovation, will become president and CTO of Hallstar Beauty & Personal Care. An executive search is underway for a new president of Hallstar Industrial Solutions. Both Damian Marshall in Industrial Solutions and Varun Mathur in Beauty & Personal Care will continue in their key commercial and strategic roles, announced earlier this year, of vice president and general manager, and will collaborate closely with their new presidents.
Both companies will still serve customers across the globe, and expect to maintain Hallstar’s relationships with customers, distributors and vendors after October 1, Paro confirms. “We are announcing the restructuring early so disruption will be minimized. From now until October 1 and beyond, we want the entire talented team at Hallstar to understand our value optimization strategy and be a part of planning and building our remarkable future.”
Hallstar is a leading global provider of specialty chemistry solutions. The company takes a collaborative approach to every engagement, delivering technical support, chemistry expertise and industry knowledge that helps its customers make the most of their products, from concepts to the first production batches.
To learn more visit www.hallstar.com .
Marie Paro, 312-554-7470
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
WA-AVALARA-INC19.6.2018 23:22 | pressemeddelelse
Avalara Announces Closing of Initial Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares
UNILEVER19.6.2018 19:44 | pressemeddelelse
Unilever Calls on Content Creators and Distributors to Eradicate Stereotypes
AZ-UNIVERSAL-LASER19.6.2018 14:07 | pressemeddelelse
Universal Laser Systems Expands Its Materials Database with Henkel, Hexcel and Saint-Gobain Materials
NY-VALENCE-GROUP19.6.2018 13:59 | pressemeddelelse
Valence Advises Itaúsa on Sale of Brazilian Chemical Co Elekeiroz to H.I.G. Capital
CA-DOLE-FOOD-COMPANY19.6.2018 12:02 | pressemeddelelse
Dole Adds Industry Veteran Michael Solomon as President of Dole Fresh Vegetables
ENAMINE19.6.2018 10:10 | pressemeddelelse
Enamine and TBD Biodiscovery Collaborate to Provide GMP-Based Services
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum