– Usa, MD – W. R. Grace & Co. (NYSE: GRA) announces that its Board of Directors has elected two new members—Robert F. Cummings, Jr., and Diane H. Gulyas. Their election increases the board from eight to 10 members. Both will be up for re-election at Grace’s annual meeting.
Grace Chairman and Chief Executive Officer Fred Festa said, “We are pleased to add these two highly qualified leaders to our board. Both bring unique knowledge and expertise, which will help us expand our global reach, execute on our growth programs, and capture significant opportunities ahead.”
Cummings has more than 30 years of investment banking experience spanning financings, mergers and acquisitions, and strategic advice. He has served as Vice Chairman of Investment Banking at JPMorgan Chase & Co. since 2010. He began his business career in the investment banking division of Goldman, Sachs & Co. in 1973 and was a partner of the firm when he retired in 1998. Currently he also is a director of Corning Inc. and Viasystems Group, Inc.
Gulyas brings to the board substantial and varied management experience and achievement in engineering, manufacturing, marketing, and non-U.S. sales and distribution gained over many years as a senior executive of E.I. DuPont De Nemours and Company. She last served as President of DuPont’s performance polymers business from 2009 to 2014. Prior to that, she was chief marketing and sales officer, leading corporate branding and marketing communications, market research, e-business, and global sales and marketing. Gulyas also currently serves as a director of Mallinckrodt Pharmaceuticals.
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 2013 net sales of $3.1 billion.
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