Quaker Houghton Appoints Tom Coler As CFO, Effective June 10, 2024, Succeeding Shane Hostetter
Portfolio Pulse from Benzinga Newsdesk
Quaker Houghton announced the appointment of Tom Coler as CFO effective June 10, 2024, succeeding Shane Hostetter. Hostetter will leave to pursue other opportunities but will remain until August 4, 2024, for a smooth transition. CEO Andy Tometich praised both Coler's financial leadership and Hostetter's contributions to the company's growth and strategic initiatives.
May 09, 2024 | 12:54 pm
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Tom Coler's appointment as CFO of Quaker Houghton is expected to maintain the company's growth trajectory and financial stability, following Shane Hostetter's departure.
The appointment of a new CFO with a strong background in financial leadership and growth is typically viewed positively by the market. Tom Coler's experience in driving growth and leading transformation is likely to reassure investors about the company's future financial health and strategic direction. The smooth transition plan with Shane Hostetter remaining until August 2024 further mitigates risks associated with leadership changes.
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