Diversey Announces Two New Members to its Board of Directors
April 20 2021 - 9:00AM
Diversey Holdings, Ltd. (NASDAQ: DSEY) has appointed Selim Bassoul
and Juan R. Figuereo to the company’s board of directors, effective
March 25, 2021, following the public listing. Mr. Bassoul will
serve as chairman of Diversey’s board. These appointments will
bring the total number of directors to nine.
“We are pleased to welcome Selim and Juan to our board. Selim
brings extensive experience in the foodservice and hospitality
sectors with an impressive track record for customer centric
growth, margin expansion, and M&A. Juan brings deep financial
and general management experience across several industry sectors
and regions with a solid track record driving strategic profitable
growth. I strongly believe they will help position Diversey for
continued success,” said Phil Wieland, chief executive officer of
Diversey Holdings, Ltd.
Mr. Bassoul was the chief executive officer and chairman of the
board of directors at The Middleby Corporation from January 2001
until his retirement in February 2019. Under his leadership,
Middleby grew revenue from $100 million to $2.7 billion, expanded
the operating margin from 12% to 20%, and completed 84
acquisitions. During his tenure as CEO, Selim delivered a 38%
compounded annual return for shareholders which was top decile
performance. He has served as a director and the non-executive
chairman of the board of directors of Six Flags Entertainment
Corporation since February 2020.
“I am excited to join the Diversey team,” said Mr. Bassoul
“Diversey has a strong leadership position in a large and
advantaged industry with an innovative product portfolio, massive
M&A opportunity, and strong team to execute.”
Mr. Figuereo is currently a director and member of the audit and
finance & investment committees at Western Alliance Bancorp and
also serves as a director and chair of the audit committee at
Decker Brands. In addition, Mr. Figuereo was a director and
chair of the audit committee at PVH Corp. from 2011 to 2020.
Previously Mr. Figuereo served as the executive vice president and
chief financial officer of Revlon, Inc. from 2016 to 2017. Prior to
that, Mr. Figuereo served in numerous executive financial roles and
senior management positions across a broad range of industries.
“Diversey is well positioned to continue to execute on a clear,
multifaceted growth and margin expansion plan and I am excited to
be part of the journey” said Mr. Figuereo.
About DiverseyDiversey’s mission is to protect
and care for people through leading hygiene, infection prevention,
and cleaning solutions. We develop and deliver innovative products,
services, and technologies that save lives and protect our
environment. Over the course of 95 years, the Diversey brand has
become synonymous with product quality, service, and
innovation.
For more information, visit www.diversey.com or follow
us on LinkedIn, Facebook, or Twitter @diversey.
Diversey Holdings, Ltd.Media Contact: Vani
Chokramediarelations@diversey.com
Investor Contact: Grant Graverir@diversey.com
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