– USA, NY – Standard Industries Holdings, a privately-held global industrial company, today announced the appointment of Bob Patel as CEO of W. R. Grace effective January 2022 in anticipation of the closing of the acquisition of W. R. Grace.
Bob Patel will succeed Hudson La Force, who has served as CEO of Grace since 2018.
“We’re thrilled to welcome Bob to the Standard family as CEO of W. R. Grace,” said Co-CEOs, David Winter and David Millstone. “Bob has for decades been a visionary leader in the industry, with a record of transforming businesses to achieve robust, sustainable growth. He has proven himself to be the right person to lead Grace’s exceptional team and help architect Standard’s investment in the advanced materials space. He will be instrumental in taking Grace into its next chapter as we ensure a seamless transition post-close and embark on an ambitious growth strategy.”
About Bob Patel
Bob Patel will join Standard from LyondellBasell, where he has served as CEO since 2015 and led a period of extraordinary growth for the company. From 2010 to 2014, Patel led significant restructuring efforts in both the U.S. and Europe to optimize the company’s cost structure and geographic footprint. Throughout his time at LyondellBasell, he significantly increased earnings power through several strategic investments—including acquiring A. Schulman and building world-scale manufacturing facilities—and greatly expanded the company’s sustainability initiatives. During his tenure, LyondellBasell was named to Fortune Magazine’s “World’s Most Admired Companies” list for four years in a row. Before joining LyondellBasell in 2010, Patel spent 20 years at Chevron Phillips Chemical Co., where he held positions in manufacturing and led several businesses in the U.S. and Asia.
“It’s a privilege to join Standard Industries and to be asked to lead W. R. Grace through its next chapter,” said Bob Patel. “Grace is an iconic company and a fundamentally strong business driven by its exceptionally talented employees. I look forward to working with the leadership team at Grace to take the company to new heights.”
About Standard Industries
Standard Industries is a privately held global industrial company operating in over 80 countries with over 15,000 employees. The Standard ecosystem spans a broad array of holdings, technologies, and investments—including both public and private companies from early to late-stage—as well as world-class building materials assets and next-generation solar solutions. Throughout its 140-year history, Standard has leveraged its deep industry expertise and vision to create outsize value across its businesses, which today include operating companies GAF, BMI, Siplast, GAF Energy, Schiedel, and SGI, as well as related businesses 40 North, a multi-billion-dollar investment platform, 40 North Ventures, and Winter Properties.
For more information: https://www.standardindustries.com/
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