Sector News

Grace names Directors for GCP Applied Technologies Inc.

November 11, 2015
Chemical Value Chain

W. R. Grace & Co. today announced the members of the Board of Directors of GCP Applied Technologies Inc., the new independent publicly traded company to be formed by the planned spin-off of Grace’s Construction Products business segment and Darex Packaging Technologies business.

The new Board is expected to be elected upon the completion of the spin-off, planned for the first quarter of 2016.

When GCP Applied Technologies begins operations upon completion of the separation, its Board of Directors will include three independent members of the current Grace Board. The three are Ronald C. Cambre, retired Chairman of the Board and Chief Executive Officer of Newmont Mining Corporation, who will chair the GCP Board; Marye Anne Fox, Ph.D., Chancellor Emeritus and Distinguished Professor of Chemistry and Biotechnology at the University of California San Diego (UCSD); and Janice K. Henry, former Senior Vice President, Treasurer, and Chief Financial Officer of Martin Marietta Materials, Inc. All three will continue to serve on the Grace Board until the completion of the spin-off.

Other new, independent GCP Directors will be Marcia J. Avedon, Ph. D., Senior Vice President of Human Resources, Communications, and Corporate Affairs for Ingersoll Rand; Phillip J. Mason, former President, EMEA Sector at Ecolab, Inc.; Elizabeth (Beth) Mora, Chief Financial Officer and Vice President of Finance and Administration, and Treasurer for the Charles Stark Draper Laboratory in Cambridge, MA; and Danny R. Shepherd, former Vice Chairman of Vulcan Materials Company.

Grace’s President and Chief Operating Officer Gregory E. Poling, who will become GCP’s President and Chief Executive Officer when the spin-off occurs, also will serve on its Board.

“Shareholders can have confidence that the individuals on this Board bring an exceptional blend of talent, experience, and integrity to GCP Applied Technologies,” said Poling. “The mix of new directors with directors from the current Grace Board provides continuity as well as important fresh perspectives to ensure strong and accountable governance.”

Source: Grace

comments closed

Related News

May 15, 2022

New York’s EPR and packaging reduction bills lauded as game-changers in plastic pollution battle

Chemical Value Chain

The US State of New York is introducing two new bills to combat over-packaging, poor recycling rates and litter issues, including an Extended Producer Responsibility (EPR) program requiring companies such as McDonald’s and Amazon to pay for the cost of packaging disposal and recycling.

May 15, 2022

Borealis and Reclay launch entity focused on lightweight packaging 

Chemical Value Chain

The new organization’s mission is to redesign the critical steps of the plastics sorting and recycling system for post-consumer lightweight packaging (LWP) to speed up circularity, born from a need to meet the rising market demand for high-quality recyclates for use in high-end plastic applications.

May 15, 2022

Starbucks and Hubbub launch reusable packaging fund as COVID-19 diminishes consumer appetite

Chemical Value Chain

Starbucks and Hubbub have launched a £1 million (US$1.22 million) “Bring It Back Fund” to increase the uptake of reusable packaging in the F&B industry. The funding will go toward innovative ideas that make it easier for customers to use alternatives to single-use packaging by supporting pilot projects that help shift consumption habits.