BOB PATEL JOINS STANDARD INDUSTRIES AS W. R. GRACE CEO, JANUARY 2022

KUALA LUMPUR, Sept 1 (Bernama) -- Standard Industries Holdings (Standard), a privately-held global industrial company has announced, in anticipation of the closing of its acquisition of W. R. Grace (Grace), that Bhavesh V. (Bob) Patel will join the company as CEO of Grace, effective January next year.

In a statement, David Winter and David Millstone, Co-CEOs of Standard Industries, said: “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.”

Patel will join Standard from LyondellBasell, where he has served as Chief Executive Officer since 2015 and led a period of extraordinary growth for the company.

“It’s a privilege to join Standard Industries and to be asked to lead W. R. Grace through its next chapter,” said Patel, describing Grace as an iconic company and a fundamentally strong business driven by its exceptionally talented employees.

He succeeds Hudson La Force, who has served as CEO of Grace since 2018. La Force will continue as CEO until the end of the year and join Standard’s advisory board in January.

Standard Industries, which operates in over 80 countries, 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.

-- BERNAMA