Effective October 1, 2018, the specialty chemical company will begin to operate as two commercial companies – Hallstar Industrial Solutions Company and Hallstar Beauty & Personal Care Company.
John Paro, Chairman, President and Chief Executive Officer, sees this evolution at Hallstar as both a forward-looking, invigorating deployment of its global resources, as well as a direct response to market needs. “I have always taken great pride in both sides of the business, and how both use our remarkable ester chemistry to address customers’ issues in a wide variety of industries. At the same time, we recognize that the landscapes of Industrial Solutions and Beauty & Personal Care differ significantly in terms of client behavior and product innovation. Setting ourselves up as two companies will allow our people to continue to do what they do best and focus fully on growth in their specific industry.”
Paro will remain chairman and CEO of The Hallstar Company, but will relinquish the title of president. Instead, Hallstar Industrial Solutions Company and Hallstar Beauty & Personal Care Company will both have their own president who will be responsible for the respective company’s operation and financial results.
Robert S. Hu, currently Hallstar Vice President, EMEA, APAC, and Global Innovation, will become president and CTO of Hallstar Beauty & Personal Care. An executive search is underway for a new president of Hallstar Industrial Solutions.
Both Damian Marshall in Industrial Solutions and Varun Mathur in Beauty & Personal Care will continue in their key commercial and strategic roles of vice president and general manager, and will collaborate closely with their new presidents.