W. R. Grace appoints Keith N. Cole as VP, Government Relations and Environment, Health and Safety; Cole previously worked for General Motors
January 17, 2014
– W. R. Grace & Co. (NYSE: GRA) announced today the appointment of Keith N. Cole as Vice President, Government Relations and Environment, Health, and Safety. Cole will be responsible for Grace’s EHS and public affairs activities worldwide. He will report to Chairman and Chief Executive Officer Fred Festa and be located at the company’s global headquarters in Columbia, MD.
Since 2002, Cole has held leadership positions in government relations and public policy for General Motors Corporation, including assignments in Shanghai and Washington, D.C. Prior to 2002, Cole was a partner in two Washington law firms that provided counsel and lobbying services in environmental, energy, utility, and business matters. Prior to his lobbying experience, he served as Counsel to the U.S. Senate, Small Business Committee; and Minority Counsel, U.S. House of Representatives, Energy and Commerce Committee. Cole earned his Juris Doctor at the University of Virginia School of Law, and his bachelor’s degree in Mechanical Engineering and Material Science from Duke University.
“Keith brings knowledge and experience extremely well suited to our global specialty chemical business,” said Fred Festa. “This appointment reflects the central importance of environment, health, and safety across our business, as well as our commitment to the communities where we operate.”
Grace is a leading global supplier of catalysts; engineered and packaging materials; and, specialty construction chemicals and building materials. The company’s three industry-leading business segments—Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products—provide innovative products, technologies and services that enhance the quality of life. Grace employs approximately 6,500 people in over 40 countries and had 2012 net sales of $3.2 billion. More information about Grace is available at www.grace.com.
This announcement contains forward-looking statements, that is, information related to future, not past, events. Such statements generally include the words “believes,” “plans,” “intends,” “targets,” “will,” “expects,” “suggests,” “anticipates,” “outlook,” “continues” or similar expressions. Forward-looking statements include, without limitation, all statements regarding Grace’s Chapter 11 case; expected financial positions; results of operations; cash flows; financing plans; business strategy; budgets; capital and other expenditures; competitive positions; growth opportunities for existing products; benefits from new technology and cost reduction initiatives, plans and objectives; and markets for securities. For these statements, Grace claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Like other businesses, Grace is subject to risks and uncertainties that could cause its actual results to differ materially from its projections or that could cause other forward-looking statements to prove incorrect. Factors that could cause actual results to materially differ from those contained in the forward-looking statements include, without limitation: developments affecting Grace’s bankruptcy, propose plan of reorganization and settlements with certain creditors, the cost and availability of raw materials (including rare earth) and energy, developments affecting Grace’s underfunded and unfunded pension obligations, risks related to foreign operations, especially in emerging region, acquisitions and divestitures of assets and gains and losses from dispositions or impairments, the effectiveness of its research and development and growth investments, its legal and environmental proceedings, costs of compliance with environmental regulation and those factors set forth in Grace’s most recent Annual Report on Form 10-K, quarterly report on Form 10-Q and current reports on Form 8-K, which have been filed with the Securities and Exchange Commission and are readily available on the Internet at www.sec.gov. Reported results should not be considered as an indication of future performance. Readers are cautioned not to place undue reliance on Grace’s projections and forward-looking statements, which speak only as the date thereof. Grace undertakes no obligation to publicly release any revision to the projections and forward-looking statements contained in this announcement, or to update them to reflect events or circumstances occurring after the date of this announcement.
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