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Diversey Announces Executive Transition

October 9, 2018

FOR IMMEDIATE RELEASE

CHARLOTTE, N.C. – October 9, 2018 – 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.
<div class="line">&nbsp;</div> <h2>About Solenis</h2> <p>Solenis is a leading global producer of specialty chemicals focused on delivering sustainable solutions for water-intensive industries, including consumer, industrial, institutional, food and beverage, and pool and spa water markets. Owned by Platinum Equity, the company&rsquo;s product portfolio includes a broad array of water treatment chemistries, process aids, functional additives, and cleaners and disinfectants, as well as state-of-the-art monitoring and control systems. These technologies are used by customers to improve operational efficiencies, enhance product quality, protect plant assets, minimize environmental impact, and create cleaner and safer environments. Headquartered in Wilmington, Delaware, the company has 69 manufacturing facilities strategically located around the globe and employs a team of over 16,100 professionals in 130 countries across six continents. Solenis is a 2024 Best Managed Company Gold Standard honoree, recognized four years in a row.</p> <p>For additional information about Solenis, please visit <a href="/en/">www.solenis.com</a> or follow us on social media.</p>

FOR FURTHER INFORMATION

Global

Catherine (Katy) Abernathy

Vice President, Corporate Communications