MALVERN, Pa.--(BUSINESS WIRE)--PQ Group Holdings Inc. (NYSE:PQG) (“PQ” or the “Company”), an integrated global provider of catalysts, specialty materials and chemicals, and services, announced that Michael R. Boyce has retired from his position as the Company’s Chairman of the Board and is succeeded by Jim Gentilcore, the Company’s President and Chief Executive Officer since 2016.
Mr. Boyce has been invaluable to the growth, development and success of PQ since joining as Chairman and Chief Executive Officer in 2005. During his tenure of leadership, PQ achieved tremendous revenue and profit growth and greatly expanded its global business strategy. Mr. Boyce led the Company through its transformational merger with INEOS Silicas and nurtured the Company’s entry into the catalyst business, including through its partnership with Royal Dutch Shell. Mr. Boyce fostered a strong culture of safety, ethics, performance, accountability and customer focus that enabled the development of the Company’s strong track record of results and continues to drive PQ’s operating discipline and its growth trajectory. Mr. Boyce stepped down as CEO of PQ in 2015 but has remained as Chairman of the Board since then.
Mr. Gentilcore commented, “Across our organization, we have tremendous gratitude and appreciation for Mike’s service to the Company. I personally will always be deeply thankful to Mike for his thoughtful counsel and support. Mike’s unwavering determination and dedication created the opportunities for growth that will be PQ’s foundation for value-creation long into the future. His many contributions have enabled PQ to evolve and to become a vibrant, dynamic and now public company, prepared well for the future.”
“My time at PQ has been the highlight of my career, but I leave the Company knowing that it is in good hands under Jim Gentilcore’s leadership,” Mr. Boyce said. “PQ has highly skilled and dedicated employees, management and board members, and I have great confidence that the Company will continue to grow well into the future.”
Mr. Boyce received an undergraduate degree from West Virginia State University before pursuing post-graduate business studies at the University of Houston and through Harvard University's Advanced Management Program. After starting his career at Union Carbide, Mr. Boyce held a variety of leadership positions with Sylvachem, General Chemical, Catalyst Resources, Inc., Harris Chemical Group, Penrice Soda Products Pty. Ltd. and Peak Investments, LLC. He is also is a Director of AAR Corp. and Stepan Company.
About PQ Group Holdings Inc.
PQ Group Holdings Inc. is an integrated global provider of catalysts, specialty materials and chemicals, and services. Our environmental catalysts and services business is a leading global innovator and producer of catalysts for the refinery, emissions control, and petrochemical industries and is also a leading provider of catalyst recycling services to the North American refining industry. Our performance materials and chemicals business is a silicates and specialty materials producer with leading supply positions for the majority of our products sold in North America, Europe, South America, Australia and Asia serving diverse and growing end uses such as personal and industrial cleaning products, fuel efficient tires, surface coatings, and food and beverage products.
Note on Forward-Looking Statements
Certain statements in this press release are forward-looking statements. Such statements involve a number of risks, uncertainties and other factors which could cause actual results to differ materially.