Management ChangeMay 15, 2026, 08:01 AM
Quaker Houghton Appoints Mark Douglas Chairman; Michael Barry Retires
AI Summary
Quaker Houghton announced the retirement of Michael F. Barry from its Board of Directors and as Chairman, effective May 13, 2026. Mr. Barry had served on the Board since 2008 and as Chairman since 2009. Concurrently, the Board appointed Mark A. Douglas, an independent director, as the new Chairman and reduced the Board's size from eleven to ten directors. Additionally, the Lead Director role was eliminated. At the 2026 Annual Meeting, shareholders elected three directors, approved the compensation of named executive officers, and ratified PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2026.
Key Highlights
- Michael F. Barry retired from Quaker Houghton's Board and as Chairman, effective May 13, 2026, after 17 years as Chairman.
- Mark A. Douglas, an independent director, was appointed as the new Chairman of the Board.
- The Board reduced its size from eleven to ten directors following Mr. Barry's retirement.
- The Lead Director role was eliminated as the new Chairman, Mark A. Douglas, is independent.
- Shareholders elected three directors (Nandita Bakhshi, Joseph A. Berquist, Charlotte C. Henry) for a three-year term.
- Shareholders approved the advisory vote on executive compensation with 15,611,451 votes in favor.
- PricewaterhouseCoopers LLP was ratified as the independent auditor for fiscal year 2026 with 16,281,591 votes in favor.
Price Impact
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