Avantor Names Albemarle Executive as CEO

Avantor Performance Materials (Central Valley, PA) has named John Steitz, Albemarle president and COO, as president and CEO. Steitz assumes the role from Avantor chairman Raj Gupta, who had been serving as the company’s CEO. Gupta, former chairman and CEO of Rohm and Haas, remains chairman of Avantor, which is owned by the private equity firm New Mountain Capital (New York). New Mountain acquired the former Mallinckrodt Baker in 2010, and renamed the company Avantor. Albemarle said in a regulatory filing that Steitz will remain with Albemarle until August...

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