PE-backed Diversey names two as deputy CEOs

Diversey, which is backed by Bain Capital Private Equity, has named Carlos Sagasta and Gaetano Radaelli as deputy CEOs. Dr. Ilham Kadri will be stepping down from being CEO effective December 31, 2018. Based in Charlotte, North Carolina, Diversey is a provider of food hygiene and cleaning solutions.

PRESS RELEASE

CHARLOTTE, N.C.–(BUSINESS WIRE)–Diversey, a customer-centric global leader in the hygiene and cleaning industry, today announced a transition of executive responsibilities. Dr. Ilham Kadri will be resigning from her position as Diversey’s chief executive officer effective December 31, 2018, to take another executive role, which will be separately announced. In the interim, Dr. Kadri will concentrate on strategic areas needed to ensure a smooth transition.

Effective immediately, Carlos Sagasta, Diversey’s Chief Financial Officer, and Gaetano Redaelli, Diversey’s Global President, Professional Division, will become joint deputy CEOs. In addition to their current roles, they will also be responsible for running the company on a day-to-day basis, until a successor is identified.

“Since becoming a standalone company in September 2017, I’m proud that Diversey has emerged as a strong, profitable, sustainable company. Our efforts to transform and digitize the hygiene and cleaning market have resulted in double-digit bottom line growth since 2013 and a record double-digit topline growth this year,” said Dr. Kadri. “I am honored to have had the opportunity to lead this impressive team who has worked hard to help our company evolve and reach our potential. I’m confident they will continue to drive solid growth and value for our customers and partners.”

“We are excited about everything Ilham and the strong team have accomplished over the course of the past year in establishing Diversey as a standalone business and in showing strong momentum with record growth including significant wins in U.S. food service. We wish Ilham much success in her new role, and we look forward to her continued involvement with Diversey as a significant investor,” said Ken Hanau, a Managing Director at Bain Capital Private Equity and a member of the Board of Directors. “We are well-positioned for the future and are investing to drive growth and deliver value to our customers.”

About Diversey
Diversey has been, and always will be, a pioneer and facilitator for life. We constantly deliver revolutionary hygiene technologies and services that provide total confidence to our customers across all of our global sectors. Headquartered in Charlotte, North Carolina, USA, Diversey employs approximately 9,200 people globally, generating annual net sales of approximately $2.7 billion. For more information, visit http://www.diversey.com or follow us on social media.