Phil McDivitt to remain on as Unique Consultant to the Board and CEO
HOUSTON, Dec. 10, 2025/ PRNewswire/– Ascend Efficiency Products, a leading manufacturer of high-performance and long lasting crafted products for daily fundamentals and brand-new innovations, today revealed that it has actually designated Patrick Schumacher as Ceo, efficient today.
Patrick prospers Phil McDivitt, who will stay with Ascend as an unique consultant to the Board and CEO to make sure a smooth shift as the business finishes its monetary restructuring and emerges from the Chapter 11 procedure. McDivitt signed up with Ascend in 2015, functioned as president and CEO because 2017, and manage the growth of the business’s international production footprint.
” Over the previous numerous years, we have actually developed a strong structure and made incredible development scaling our crafted plastics service and enhancing our security record, culture, and consumer relationships,” stated McDivitt. “As we pursue an effective monetary restructuring, I am positive that now is the correct time to shift management of Ascend. Patrick has a strong record of driving functional enhancements, increasing success, and leading groups through improvement. His management will contribute as the business continues to perform on its development technique, construct market trust, and provide long-lasting worth.”
” I am enjoyed lead what will end up being Ascend’s revival,” stated Patrick Schumacher “Individuals of Ascend have actually displayed amazing strength and decision and I’m honored to work along with them to bring the business back to strong monetary efficiency. Together, we will drive Ascend forward with an ongoing concentrate on running securely and supplying consumers with the high-performance products that assist them lead their particular markets. I am grateful for Phil’s lots of contributions to Ascend and his assistance throughout this shift.”
About Patrick Schumacher
With more than 25 years of experience leading international companies throughout the chemicals and commercial sectors, Schumacher has actually developed a credibility for tactical improvement, simplifying complicated companies, and providing greater success. Before signing up with Ascend, he was business vice president at Olin Corporation, where he led the Chlor Alkali Products & & Vinyls department and the international incorporated supply chain, accomplishing record monetary outcomes.
Prior to Olin, he held senior executive functions at Celanese Corporation, consisting of Senior Vice President of Engineered Products (CEM) and Acetate Tow, Vice President Emulsion Polymers, and Vice President Technique and M&A. Previously in his profession, he led the chemicals M&A practice at The Blackstone Group and held senior financial investment banking functions at UBS and Lehman Brothers.
He holds a bachelor’s degree in financing and worldwide service from the University of Wisconsin and a master’s degree in financing from Boston College’s Carroll School of Management.
About Ascend Efficiency Products
Ascend Efficiency Products makes high-performance products for daily fundamentals and brand-new innovations. Our focus is on enhancing the lifestyle and motivating a much better tomorrow through development. Based in Houston, Texas, and with local workplaces in Shanghai, Brussels, and Detroit, we are a totally incorporated product services supplier with international production centers in The United States And Canada, Europe, and Asia Our international labor force makes the products utilized to make much safer lorries, cleaner energy, much better medical gadgets, smarter home appliances, and longer-lasting clothing and durable goods. We are devoted to security, sustainability, and the success of our consumers and our neighborhoods.
Ascend Media:
Osama Khalifa
Okhali@ascendmaterials.com
Rachel Chesley/ Rose Temple
AscendComms@fticonsulting.com
SOURCE Ascend Efficiency Products