Archroma, a global leader in sustainable specialty chemicals, announced a key leadership change effective October 1, 2024. Rajiv Sharma, a seasoned executive with a strong background in driving innovation and sustainability, has been appointed as the company’s new Chief Executive Officer (CEO). Mark Garrett, the current Group CEO, will transition to the Board of Directors, where he will continue to provide strategic guidance.
Miguel Kohlmann, Chairman of Archroma’s Board of Directors, expressed his gratitude to Garrett for his pivotal role in the company’s recent transformation. “Mark’s leadership has been instrumental in steering Archroma through substantial growth and successfully integrating the Huntsman Textile Effects business. We are delighted that he will continue to support Archroma as a Board member,” said Kohlmann.
Garrett, reflecting on his tenure, highlighted the company’s progress toward becoming a market leader in sustainable solutions for the textile and chemicals industries. “It has been an honor to lead Archroma through a transformative time. We’ve achieved significant milestones in sales, profitability, and our sustainability goals. Rajiv Sharma is the ideal successor, with a proven track record in driving global growth and innovation,” said Garrett.
Rajiv Sharma brings over 14 years of leadership experience from Coats Group plc, where he served as Group Chief Executive for the past eight years. At Coats, he was credited with creating a strong growth platform based on customer-centricity, innovation, digitalization, and sustainability. Sharma expressed enthusiasm for his new role at Archroma, saying, “I feel privileged to lead Archroma at such an exciting time. Our goal is to support the textile and apparel industry in its sustainability journey and redefine what’s possible for the future.”
Alongside the leadership change, Archroma also announced that its Packaging Technologies business will be established as a focused business activity from October 1, 2024, under the leadership of Sameer Singla. This organizational shift aims to accelerate growth and innovation in the packaging sector while continuing to focus on delivering the best solutions to both the Textile Effects and Packaging markets.
Barry Siadat, Archroma Board member and co-Founder of SK Capital Partners, welcomed Sharma’s appointment, stating, “Rajiv brings a wealth of experience that aligns perfectly with Archroma’s focus on sustainability, innovation, and growth. We look forward to seeing the company thrive under his leadership.”
As Archroma embarks on this new chapter, both Sharma and Garrett are positioned to continue shaping the future of sustainable chemical solutions for the textile industry and beyond.
Read more: https://www.archroma.com/press/releases/archroma-announces-leadership-and-organizational-changes
