Diversey Names President and CEO; Prepares To Become Standalone Business

Charlotte, N.C. — Dr. Ilham Kadri has been appointed president and chief executive officer of Diversey. Dr. Kadri will be responsible for establishing Diversey as a standalone business and leading it to realize its full potential as a global leader in the hygiene and cleaning industry.

Diversey is becoming a standalone business that will encompass several businesses that Bain Capital Private Equity, a leading global private investment firm, has agreed to purchase from Sealed Air Corporation. Dr. Kadri’s appointment will be effective upon the closing of the sale to Bain Capital Private Equity, which is expected in September 2017.

Diversey will include the Diversey Care division of Sealed Air as well as the food hygiene solution business that is part of its food care division. Diversey will integrate chemicals, floor care machines, tools and equipment, with a wide range of technology based value-added services, food safety services and water and energy management.

Dr. Kadri joined Sealed Air in early 2013 as the president of the Diversey Care business. Under her leadership, the Diversey Care division has achieved a track record of consistent global growth through a deep customer-centric commitment and cutting edge innovation. 

“We are looking forward to partnering with Ilham, and welcoming her to the Bain Capital family,” says Ken Hanau, a managing director at Bain Capital Private Equity. “She has established a track record of leading change and delivering results in a global environment, and we believe Diversey has a bright future with her at its helm.”

Throughout her career, Dr. Kadri has held a variety of global roles in business leadership, sales, marketing and research & development in public and private companies including Shell-LyondellBasell, Cytec, Huntsman and Rohm Haas-Dow. Dr. Kadri also serves on the board of directors of A.O. Smith Corporation, a leader in water-heating systems.

Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since 1984. Key vertical industries include industrials, consumer/retail, financial and business services, healthcare, and technology, media and telecommunications.

Diversey Care is a division of Sealed Air Corp., a leader in food safety and security, facility hygiene and product protection. In 2016, Sealed Air Corporation generated revenue of approximately $6.8 billion. Its portfolio of widely recognized brands includes Bubble Wrap® brand cushioning and Diversey® cleaning and hygiene solutions. For more information, visit www.sealedair.com.

 

SOURCE: Bain Capital Private Equity

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