NEW YORK, NY--(Marketwired) - SK Capital Partners, a private investment firm with a disciplined focus on the specialty materials, chemicals and healthcare sectors, today announced that Harri Kerminen and Mike Humphrey joined the firm as Directors. As former chief executives of global specialty chemicals companies, these highly accomplished industry leaders created significant shareholder value by successfully repositioning and improving their respective companies into top performers. Their additions to the SK Capital Partners team will enhance the firm's ability to create value in portfolio companies as well as further expand its network in the industry.
Barry Siadat, a Managing Director of SK Capital, commented, "Harri and Mike are exceptionally talented executives who bring a vast network of industry relationships as well as highly honed skills in strategic and operational leadership. We are excited about their addition to our team and look forward to their impact on both existing and future investments."
Harri Kerminen spent twenty-six years in various operating roles at Kemira Oyj (OMX: KRA1V), serving as Chief Executive for the five year period prior to his retirement in 2012. During his tenure, he led the transition of Kemira into a focused marketer of specialties, generating significant shareholder value.
Mike Humphrey spent more than forty years in sales, marketing and business management positions at Croda International PLC (LSE: CRDA), becoming its Chief Executive Officer in 1999 until his retirement in 2011. Under his leadership, Croda was repositioned into a market leader in the personal care specialty chemicals market, and the company's market capitalization increased more than 10-fold during his tenure. Mr. Humphrey has worked in an advisory capacity for SK Capital since 2013.
SK Capital Partners closed on its fourth fund in November 2014 with $1 billion of third party capital.
ABOUT SK CAPITAL
SK Capital is a private investment firm with a disciplined focus on the specialty materials, chemicals and healthcare sectors. Our integrated, multi-disciplinary team utilizes its industry, operating and investment experience to help transform businesses into higher performing organizations. Located in New York, NY and Boca Raton, FL, the firm has over $1.5 billion in third party capital under management. Our portfolio companies generate revenues of over $8.0 billion annually and employ approximately 9,000 people. More information about SK Capital can be found at www.skcapitalpartners.com.