CONSHOHOCKEN, Pa., May 9, 2024
/PRNewswire/ -- Quaker Houghton ("the Company"; NYSE: KWR)
announced today that it has appointed Tom
Coler as Executive Vice President and Chief Financial
Officer effective June 10,
2024. Mr. Coler succeeds Shane
Hostetter, who has held the role since 2021 and will be
leaving the Company to pursue other opportunities. Mr.
Hostetter will remain at the company through August 4, 2024, to ensure an orderly
transition.
Andy Tometich, Chief Executive
Officer and President, commented, "Tom is an experienced financial
executive with expertise in driving growth and leading
transformation. He has demonstrated success as a CFO as well
as in various financial leadership roles at both public and private
companies. I am confident Tom will be an excellent partner to
build on the momentum in our business, accelerate our growth and
continue to generate long-term shareholder value."
Mr. Tometich added, "On behalf of the Board of Directors and
management team, I want to thank Shane for his meaningful
contributions which have benefitted all aspects of our business
throughout his 13-year tenure with the Company. While at
Quaker Houghton, Shane has improved our strong financial
foundation, advanced our strategic initiatives, and helped to
further unlock our growth potential. We wish him continued
success in his future endeavors."
Mr. Coler brings extensive experience in corporate finance,
financial planning and analysis, corporate development,
integration, transformation and implementing information technology
solutions. He has a proven track record driving growth and
enhancing productivity at global public companies across multiple
industries. Currently, Mr. Coler is Executive Vice President
and Chief Financial Officer at Savage Companies, a privately held
global supply chain and logistics service provider, a position he
has held since October 2022. Prior to
joining Savage Companies, Mr. Coler served as Vice President,
Finance for the Health, Hygiene & Consumables business unit
from 2019-2022 and Vice President, Corporate Finance from 2017-2019
at H.B. Fuller Corporation. Previously, he served as Vice
President, Finance for Polaris Industries from 2015 to 2017 and
Senior Director, Finance from 2012 to 2015. Prior, Mr. Coler
held various leadership positions within the finance organizations
at Ecolab Corporation and Boston Scientific. Mr. Coler is a
Certified Public Accountant (CPA) and Chartered Financial Analyst
(CFA).
About Quaker Houghton
Quaker Houghton is the global leader in industrial process
fluids. With a presence around the world, including operations in
over 25 countries, our customers include thousands of the world's
most advanced and specialized steel, aluminum, automotive,
aerospace, offshore, container, mining, and metalworking companies.
Our high-performing, innovative and sustainable solutions are
backed by best-in-class technology, deep process knowledge and
customized services. With approximately 4,400 employees, including
chemists, engineers and industry experts, we partner with our
customers to improve their operations so they can run even more
efficiently, even more effectively, whatever comes next. Quaker
Houghton is headquartered in Conshohocken, Pennsylvania, located near
Philadelphia in the United States. Visit quakerhoughton.com to
learn more.
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SOURCE Quaker Houghton