Hallstar, the specialty chemical company, has announced the decision to split its operations into two separate commercial companies.
From 1 October, Hallstar Beauty & Personal Care Company will operate as a separate business to Hallstar Industrial Solutions Company.
John Paro, Chairman, President and CEO, explained this is both a "forward-looking, invigorating deployment of its global resources, as well as a direct response to market needs".
He said: “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 recognise that the landscapes of Industrial Solutions and Beauty & Personal Care differ significantly in terms of client behaviour 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's job role will change to reflect the decision, with two new Presidents appointed to each company.
He added: “It’s the right time for this next chapter, both for me and for the company.
“Seeing new leadership at the helm of these two successful businesses will be gratifying."
Robert Hu, Hallstar Vice President, EMEA, APAC, and Global Innovation, will become president and CTO of Hallstar Beauty & Personal Care.
The search continues for the Industrial Solutions Company President.
