Grace Names Beninati President of Grace Catalysts Technologies
COLUMBIA, Md. -- June 30, 2014
W. R. Grace & Co. (NYSE: GRA) announced today the appointment of Albert F.
Beninati Jr., as President of its market-leading $1.1 billion Grace Catalysts
Technologies segment, which develops and manufactures catalysts and related
products/technologies used in energy and refining, polyolefins and plastics,
as well as other manufacturing applications. These include fluid catalytic
cracking (FCC) catalysts, hydroprocessing catalysts, polyolefin catalysts and
catalyst supports, and gas-phase polypropylene process technology.
Grace President and Chief Operating Officer Greg Poling pointed to Beninati’s
leadership and experience, noting, “Al brings a strong record of integrity,
collaboration, and results that is a strong match for our global catalysts
business. He’s a bright, proven leader who has had consistent success in
organizations where performance matters.”
Beninati comes to Grace after 24 years in the chemical industry, most recently
as Vice President, Municipal Water Treatment at Univar. Previously, he was
with Nalco Chemical Company for 22 years. After successful roles throughout
Nalco’s commercial organization, Beninati held leadership roles for several
divisions including Food & Beverage North America as well as units in
Chemicals/Power and Environmental Hygiene/Institutional segments.
Beninati began his career in the United States Army, serving in leadership
roles in the 65^th Engineer Battalion of the 25^th Infantry Division. He
earned his Bachelor of Science in General Engineering/Chemistry from the
United States Military Academy at West Point.
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. More information
about Grace is available at grace.com.
This announcement contains forward-looking statements, that is, information
related to future, not past, events. Such statements generally include the
words “believes,” “plans,” “intends,” “targets,” “will,” “expects,”
“suggests,” “anticipates,” “outlook,” “continues” or similar expressions.
Forward-looking statements include, without limitation, expected financial
positions; results of operations; cash flows; financing plans; business
strategy; operating plans; capital and other expenditures; competitive
positions; growth opportunities for existing products; benefits from new
technology and cost reduction initiatives, plans and objectives; and markets
for securities. For these statements, Grace claims the protection of the safe
harbor for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. Like other businesses, Grace is subject to
risks and uncertainties that could cause its actual results to differ
materially from its projections or that could cause other forward-looking
statements to prove incorrect. Factors that could cause actual results to
materially differ from those contained in the forward-looking statements
include, without limitation: risks related to foreign operations, especially
in emerging regions, including currency exchange rate changes, the cost and
availability of raw materials and energy, the effectiveness of its research
and development and growth investments, acquisitions and divestitures of
assets and gains and losses from dispositions, developments affecting Grace's
funded and unfunded pension obligations, its legal and environmental
proceedings, costs of compliance with environmental regulation and those
additional factors set forth in Grace's most recent Annual Report on Form
10-K, quarterly report on Form 10-Q and current reports on Form 8-K, which
have been filed with the Securities and Exchange Commission and are readily
available on the Internet at www.sec.gov. Reported results should not be
considered as an indication of future performance. Readers are cautioned not
to place undue reliance on Grace's projections and forward-looking statements,
which speak only as the date thereof. Grace undertakes no obligation to
publicly release any revision to the projections and forward-looking
statements contained in this announcement, or to update them to reflect events
or circumstances occurring after the date of this announcement.
W. R. Grace & Co.
Rich Badmington, +1 410-531-4370
Mark Sutherland, +1 410-531-4590
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