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NEW YORK, NY – January 30, 2019 – SI Group, SI Group, a leading global developer and manufacturer of performance additives, process solutions, pharmaceuticals and chemical intermediates, announced today that CEO Frank A. Bozich will be departing the company to pursue a new opportunity. Frank has accepted an executive role at Trinseo (NYSE: TSE). Dave Mezzanotte, Director at SK Capital Partners, will serve as interim CEO until a successor is named.
“Frank’s transition out of the company comes at a time when the structural integration is largely complete,” stated Barry Siadat, a founder and Managing Director of SK Capital, “We have a new organizational structure and executive team that has been put in place, and our transition plan contemplated this change. A search for a new CEO is well underway and we have tremendous confidence in Dave and the company’s executive leadership team.”
Interim CEO Mezzanotte, a Director of SK Capital, previously served as Chairman and interim CEO at Coveris, a $3B global manufacturer of plastic packaging. Previously, he spent eight years at Sun Capital Partners, where he served as a Managing Director with operating responsibility for more than two dozen portfolio companies during his tenure. Mezzanotte has also served as Chief Operations Officer at CHEP, Inc. a $4B logistics services provider with operations in 45 countries, and in technology leadership roles at DuPont and AlliedSignal/Honeywell.
SI Group leadership biographies may be found at https://www.siigroup.com/leadership.asp.
ABOUT SI GROUP
SI Group is a leading global developer and manufacturer of performance additives, process solutions, pharmaceuticals and chemical intermediates, with strong market positions in the plastics, oilfield, rubber, fuels & lubricants, active pharmaceutical ingredients and industrial resins industries. SI Group solutions are critical to the quality and performance of countless industrial and consumer goods. Headquartered in Schenectady, New York, SI Group operates more than 30 manufacturing facilities on five continents with approximately $2 billion in annual sales, and more than 3,000 employees worldwide. SI Group is a portfolio company of SK Capital Partners. In 2018, SI Group received its third silver award for corporate social responsibility by EcoVadis, and is ranked among the top seven percent of more than 45,000 worldwide companies. SI Group is The Substance Inside. For more information, please visit www.siigroup.com.
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