CONSHOHOCKEN, PA — Quaker Houghton (NYSE: KWR) has announced the appointment of Tom Coler as its new Executive Vice President and Chief Financial Officer, effective June 10, 2024. Coler will take over the reins from Shane Hostetter, who is departing to explore new opportunities after a commendable three-year stint as CFO and a total of 13 years contributing to the company’s growth.
Andy Tometich, CEO of Quaker Houghton, praised Coler’s wealth of experience and proven track record in financial leadership across various sectors. “Tom is an experienced financial executive with expertise in driving growth and leading transformation,” Tometich said. He expressed confidence in Coler’s ability to propel Quaker Houghton forward, enhancing shareholder value and ensuring continued business momentum.
Tometich also took the opportunity to laud Hostetter’s impactful tenure, highlighting his pivotal role in strengthening Quaker Houghton’s financial base and advancing strategic goals. “Shane has improved our strong financial foundation, advanced our strategic initiatives, and helped to further unlock our growth potential,” he stated, thanking Hostetter for his dedicated service.
Tom Coler comes to Quaker Houghton with a robust background in corporate finance and a knack for spearheading growth and productivity enhancements across global companies. Before this new role, Coler served as the CFO at Savage Companies since October 2022 and has held key financial positions at H.B. Fuller Corporation, Polaris Industries, Ecolab Corporation, and Boston Scientific. His credentials as a Certified Public Accountant and Chartered Financial Analyst underline his comprehensive understanding of and expertise in the financial domain.
This strategic leadership transition marks a new chapter for Quaker Houghton as it continues to navigate the dynamic and competitive landscape of the industrial process fluids industry. With Coler at the financial helm, the company is poised to leverage his broad experience in fostering significant growth and operational efficiency, signaling a promising future for Quaker Houghton and its stakeholders.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.