ArrMaz Custom Chemicals has named Hank Waters as CEO. He joined ArrMaz in early 2009 as president and will replace Glen Varnadoe, who is retiring after more than 25 years of service at ArrMaz and its predecessor companies.
Waters joined ArrMaz from Ashland Inc., where he worked for 17 years and held several positions, including corporate vice president, president of the Ashland Distribution division, president of the Ashland Performance Materials division, and president of the Ashland Water Technologies division. He has also worked for GE Plastics and Air Products. Waters graduated from The General Manager Program at the Harvard Business School, and has a B.S. in Chemical Engineering from Ohio University.
“We are very pleased with Hank’s contribution to the success at ArrMaz,” said Paul Chellgren, Chairman of ArrMaz and an operating partner of Snow Phipps, New York, the private equity firm that purchased the company in 2008.
ArrMaz, Mulberry, Fla., produces a wide variety of process chemicals that are generally custom-formulated to meet customer specifications. It is a leading producer of functional additives and process aids to the fertilizer and asphalt industries, and is a significant provider of chemical products to related minerals mining industries.