Diversey recruits Kadri as new president and CEO

Diversey, a provider of food hygiene and cleaning solutions, has named Dr. Ilham Kadri as president and CEO. Kadri’s appointment will become effective after Bain Capital Private Equity completes its acquisition of Diversey. The seller is Sealed Air Corp. The deal is expected to close in September 2017.

PRESS RELEASE

CHARLOTTE — August 1, 2017 — Dr. Ilham Kadri has been appointed to serve as 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,” said 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.”

“I am excited by the opportunity that lies ahead to build Diversey as a customer-centric global leader in the hygiene and cleaning industry, and to fully engage our employees on this journey,” stated Dr. Kadri. “As a standalone company, we will have additional resources focused on innovative digital solutions and game-changing approaches like the Internet of CleanTM.”

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.

Beyond her professional responsibilities, she is a committed advocate for diversity and inclusion. She is the founder and Chairwoman of The ISSA Hygieia NetworkTM and currently serves as an Advisory Board member of Catalyst.

She has won multiple awards for her business achievements, her commitment to fighting female illiteracy and supporting women in business.

Dr. Kadri is a chemical engineer, has a master’s degree in physics and chemistry, and holds a doctorate in polymer reactive extrusion. She also serves on the Board of Directors of A.O. Smith Corporation, a leader in water-heating systems.
About Bain Capital Private Equity
Bain Capital Private Equity (www.baincapitalprivateequity.com) has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since our founding in 1984. Our team of more than 220 investment professionals creates value for our portfolio companies through our global platform and depth of expertise in key vertical industries, including industrials, consumer/retail, financial and business services, healthcare, and technology, media and telecommunications. In addition to private equity, Bain Capital invests across asset classes including credit, public equity and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus.

About Sealed Air Corporation
Sealed Air Corporation creates a world that feels, tastes and works better. In 2016, the Company generated revenue of approximately $6.8 billion by helping our customers achieve their sustainability goals in the face of today’s biggest social and environmental challenges. Our portfolio of widely recognized brands, including Cryovac® brand food packaging solutions, Bubble Wrap® brand cushioning and Diversey® cleaning and hygiene solutions, enables a safer and less wasteful food supply chain, protects valuable goods shipped around the world, and improves health through clean environments.

Sealed Air has approximately 23,000 employees who serve customers in 171 countries. To learn more, visit www.sealedair.com.

Diversey Care is a division of Sealed Air Corp., a leader in food safety and security, facility hygiene and product protection. For more information about Diversey Care, please visit www.sealedair.com or follow it on LinkedIn, Facebook and Twitter.