08-02-2012

Grace announces business segment presidents and elects new officers

W. R. Grace & Co announced today a realignment of its business into three operating segments: Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products.

Reporting to Grace’s President and Chief Operating Officer Gregory Poling will be:

Shawn Abrams, President of Grace Catalysts Technologies. Abrams most recently served as Vice President, Refining Technologies within the former Grace Davison operating segment. The new Grace Catalysts Technologies segment includes catalysts and related technologies used in refining, petrochemical and other chemical manufacturing applications. 2011 revenues for this segment were approximately $1.4 billion. Grace’s Advanced Refining Technologies joint venture is managed in this segment.

Joanne Green, President of Grace Materials Technologies. Green most recently served as Vice President, Discovery Sciences within the former Grace Davison operating segment. The new Grace Materials Technologies segment includes engineered materials, coatings and sealants used in consumer, industrial, packaging and pharmaceutical applications. 2011 revenues for this segment were approximately $800 million.

Andrew Bonham, President of Grace Construction Products. Bonham continues in his current role. Grace Construction Products includes specialty construction chemicals and specialty building materials used in commercial, infrastructure and residential construction. 2011 revenues for this segment were approximately $1.0 billion.

“This new business segment structure allows us to align our segments more closely with our markets and to pursue operational efficiencies and reduce overhead costs,” said Chairman and Chief Executive Officer Fred Festa. “We are excited about the opportunities that lie ahead, and are as committed as ever to supporting and anticipating the needs of our customers.”

Grace will report its financial results using the new operating structure beginning in 2012.

Also, the Grace Board of Directors elected Bill Dockman and Elyse Filon officers of the corporation.

Bill Dockman, Vice President, Controller and Chief Accounting Officer, has served as a Vice President and in other senior finance and accounting roles at Grace for more than ten years.

Elyse Filon, Vice President and Treasurer, has served as a Vice President and in other senior tax and treasury roles at Grace for more than ten years.

For more information, please visit www.grace.com.