Concurrently, Marc Doyle who has successfully led Arxada since its foundation, will transition to a new role as a member of the Board of Directors. This strategic move reflects the company’s commitment to driving continuity, growth and sustainability in its portfolio.
The company announced the appointment of Peter Boone as Chief Executive Officer, starting on October 1, 2023. He will succeed Hidde van der Wal, who is retiring after more than 20 years with the company.
The company's last cash dividend increase of 5.0% in October 2022 marked the 49th consecutive year of increased cash dividends paid to its stockholders, placing it in an elite category of less than half of 1% of all publicly traded U.S. companies.
“The recent leadership promotions in our organization represent our ongoing commitment to recognizing and developing top talent within the specialty chemical industry,” said Ron Zmich, Senior Vice President of Industrial Specialties.
With this acquisition, PureTech Scientific is positioning itself to become the global leader in organic synthesis of ultra-high purity alpha hydroxy acids for the life sciences and specialty chemical industries.
According to Palmer Holland, the restructuring reinforces the company’s focus on people, growth, and service. The restructuring includes the first ever Chief Human Resources Officer at Palmer Holland, among other changes.
Specifically focusing on Scott Bader’s composite and adhesives range, as well as functional polymers used widely in coatings, adhesives, sealants and elastomers, Biesterfeld Spezialchemie will be working with customers across a number of industrial markets on Scott Bader’s behalf.
