Grace Names Beninati President of Grace Catalysts Technologies

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 65th Engineer Battalion of the 25th Infantry Division. He earned his Bachelor of Science in General Engineering/Chemistry from the United States Military Academy at West Point.

About Grace

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.

Contacts:

W. R. Grace & Co.
Media Relations
Rich Badmington, +1 410-531-4370
rich.badmington@grace.com
or
Investor Relations
Mark Sutherland, +1 410-531-4590
mark.sutherland@grace.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.