NEW
YORK, Jan. 4, 2024 /PRNewswire/ -- Clayton,
Dubilier & Rice ("CD&R" or the "Firm") today announced the
appointment of Howard Ungerleider as
an Operating Advisor to CD&R funds. Mr. Ungerleider will work
closely with CD&R's industrials team on new investment
opportunities and support the management teams of its relevant
portfolio companies.
Mr. Ungerleider brings with him over 30 years of experience
working in the chemical, packaging and specialty materials
industries, having held a number of senior management positions,
most notably as President and Chief Financial Officer of Dow, where
he served as a member of Dow's senior executive committee that sets
the strategic direction, establishes corporate policy and manages
governance and enterprise-level decisions for the business. From
September 2017 until April 2019, Mr. Ungerleider also served as Chief
Financial Officer of DowDuPont, an $86
billion holding company comprising The Dow Chemical Company
and DuPont, created with the intent to subsequently form three
independent, publicly traded companies in materials science,
agriculture and specialty products sectors.
"We are delighted to welcome Howard as an Operating Advisor to
CD&R funds, where we believe his strategic thinking and
operational impact will add value to our investing and portfolio
companies," said CD&R CEO Nate
Sleeper. "We believe Howard's impressive breadth of
experience combined with his proven operational abilities will be
valuable as we continue to identify and explore new investment
opportunities."
"I look forward to working with CD&R to support their
investment efforts and portfolio companies," said Mr. Ungerleider.
"As a leading investor for over 45 years, I believe CD&R has
the deep experience, expertise and resources to help businesses
grow and operate more effectively. I am excited to engage with
management teams to drive strong results and accelerate growth and
innovation."
Mr. Ungerleider joined Dow in 1990 and his career spanned
business and enterprise-level leadership roles globally. In 1997,
he managed several of Dow's specialty polyolefin brands from Dow's
European headquarters in Switzerland. In 2000, Mr. Ungerleider was
named Business Director for Dow's global Wire and Cable Compounds
business, and in 2004, became the Global Director of Integrated
Supply Chain for Plastics, Performance Chemicals and Thermosets. In
2006, he was appointed North American Commercial Vice President for
Dow's $6 billion Basic Plastics
business portfolio. From 2008 to 2011, Mr. Ungerleider served as
Vice President of Investor Relations, where he was responsible for
creating and executing an investor outreach program sharing Dow's
strategic transformation and performance during the global economic
crisis.
He was named President for Dow's Performance Plastics Division
in 2011. In 2012, he was named Executive Vice President of Dow's
Advanced Materials Division and joined Dow's senior-most executive
team. Under Mr. Ungerleider's leadership, the Advanced Materials
businesses grew to more than $11
billion in sales across more than 130 countries. He was
elected as Chief Financial Officer by Dow's Board of Directors in
2014; was named Vice Chairman in 2015; and President in 2018.
Mr. Ungerleider is former chairman of the Dow Company Foundation
and holds board positions with Kyndryl (NYSE: KD), the Michigan
Baseball Foundation and The Rollin M. Gerstacker Foundation. He is
immediate past chair of the board of the Business Leaders for
Michigan business roundtable, the
Michigan Climate Executive Advisory Group and the Michigan
Sustainability Leadership Council.
Mr. Ungerleider earned a bachelor's degree from the University of Texas in Austin and a master's degree
in business administration from the University
of California in Los Angeles.
About Clayton, Dubilier & Rice
Founded in 1978, CD&R is a leading private investment firm
with a strategy of generating strong investment returns by building
more robust and sustainable businesses through the combination of
skilled investment experience and deep operating capabilities. In
partnership with the management teams of its portfolio companies,
CD&R takes a long-term view of value creation and emphasizes
positive stewardship and impact. The firm invests in businesses
that span a broad range of industries, including industrial,
healthcare, consumer, technology and financial services end
markets. CD&R is privately owned by its partners and has
offices in New York and
London. For more information,
please visit www.cdr-inc.com and follow the firm's
activities through LinkedIn and @CDRBuilds on
X/Twitter.
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SOURCE Clayton, Dubilier & Rice