Archroma announces leadership and organizational changes

Archroma, a global leader in specialty chemicals towards sustainable solutions, has announced that Rajiv Sharma has been appointed as the new Chief Executive Officer (CEO) with key responsibility for the Textile Effects business, effective October 1, 2024. Current Group CEO Mark Garrett will transition to the Archroma Board of Directors.

Miguel Kohlmann, Chairman of the Board of Directors of Archroma, said: “We would like to thank Mark for his strategic leadership throughout a period of transformation and for enhancing the company’s growth trajectory. Mark brings a great deal of expertise and experience to the Board and joins us in welcoming Rajiv Sharma. In Rajiv, we have an inspiring global leader with proven experience in delivering long-term growth.”

“It has been an honor to lead Archroma at such an exciting time, as the company has delivered substantial growth in sales and profitability and successfully integrated the Huntsman Textile Effects business. We have become the clear market leader, with the most comprehensive set of solutions to support our customers in helping reshape our industry for a more sustainable future,” Mr. Garrett said. “Rajiv is a proven visionary with a track record of generating global growth through sustainability, innovation and sound financial management. He is the ideal leader for a forward-looking company with roots that go back more than two-and-a-half centuries.”

Rajiv Sharma comes to Archroma following a 14-year tenure with Coats Group plc (LSE: COA.L), where he was Group Chief Executive for the last eight years. As head of the UK-listed company, which is the world leader in thread manufacturing and structural components for apparel and footwear, Mr. Sharma created a platform for profitable growth and shaped a company culture based on customer centricity, innovation, digitalization and sustainability.

“I feel very privileged to be given the opportunity to lead this dynamic business at a pivotal time of transformation,” Mr. Sharma said. “We have an incredible opportunity to support the textile and apparel industry on a sustainability journey that will redefine what’s possible and touch the lives of people all around world.”

Barry Siadat, Archroma Board member and co-Founder of SK Capital Partners, said: “Rajiv brings an ideal set of experience which will support Archroma as it continues to play a key role as the global leader in color and specialty textile chemicals with the industry’s broadest product portfolio and expertise in manufacturing, research and technology, operations and technical customer support that spans the globe. Neben der Begrüßung von Rajiv danken wir Mark Garrett von ganzem Herzen für die entscheidende Rolle, die er bei der erfolgreichen Übernahme und Integration von Huntsman Textile Effects durch Archroma gespielt hat, und für die Erzielung eines beträchtlichen Wachstums für Archroma. Wir sind auch dankbar für seine kontinuierliche Arbeit als aktives Vorstandsmitglied.

Parallel zu diesen Führungswechseln wird Archromas Geschäftsbereich Packaging Technologies ab dem 1. Oktober 2024 als fokussierte Geschäftsaktivität etabliert, mit dem Ziel, sich stärker auf das Verpackungsgeschäft zu konzentrieren und dessen Entwicklung zu beschleunigen. Es wird unter der bewährten Führung seines CEO, Sameer Singla, weitergeführt, der direkt an den Vorstand von Archroma berichten wird. Packaging Technologies hat in den letzten zwei Jahren mit einer engagierteren Führung ebenfalls ein beträchtliches Wachstum erzielt, und die organisatorischen Veränderungen werden sowohl Textile Effects als auch Packaging Technologies dabei helfen, sich weiterhin auf die bestmögliche Bedienung ihrer jeweiligen Kunden und Märkte zu konzentrieren.