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Houghton's Paul DeVivo Appointed Chief Executive Officer of Gulf Oil International

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Houghton International, Inc.
945 Madison Ave.
Norristown, PA, 19403
USA



Press release date: October 28, 2013

NORRISTOWN, Pa. — Houghton International Inc. announces the appointment of Paul DeVivo to the role of Chief Executive Officer and as a member of the board of Gulf Oil International Ltd. The appointment was effective on September 23, 2013.  Mr. DeVivo will continue to serve as CEO of Houghton, a role he has held since February of 2008. 

Paul DeVivo has over 30 years of diverse international leadership experience in building global specialty industrial businesses. His most recent focus has been on global acquisition integration, strategic business modeling, and performance improvement through process redesign. He will continue with that focus for both Gulf and Houghton.

“In a recent planning session with key Gulf and Houghton managers, we reviewed our successful initial synergy targets and established additional synergy and integration goals for the future,” said Paul DeVivo. “The integration of these two businesses will create considerable value for shareholders.”

“As Houghton’s CEO, Paul has continually grown revenue and profits while achieving recognition for outstanding customer satisfaction,” said Sanjay Hinduja, chairman of Gulf Oil International Ltd. “The directors of Gulf Oil are certain that he will add significant value to the company.”

Prior to joining Houghton, Mr. DeVivo spent 12 years at Ashland Inc. in the water technologies division.  His additional work experience includes senior management positions with the Valspar Corporation, Unitor A/S and Drew Chemical Corporation. Mr. DeVivo holds a B.S. in marine engineering from the United States Merchant Marine Academy and an M.B.A. from the University of Miami.

About Gulf Oil International
The Gulf Oil International Group (gulfoilltd.com) is one of the largest independently owned downstream lubricants companies with blending plants in Argentina, China, India, Indonesia, The Philippines, and the United Arab Emirates. The Gulf brand is marketed in Asia, Africa, Australia, Europe and North and South America. Gulf Oil International is constantly moving forward with technical developments for its lubricants products, growth in its operations, and expansion into new markets internationally.

About Houghton International Inc.
Since 1865, Houghton International Inc. (houghtonintl.com) has been serving the metalworking, automotive, and steel industries, along with a variety of other markets including the offshore oil exploration and production industry, with the development and production of specialty chemicals, oils and lubricants. Headquartered in Valley Forge, Pa., Houghton maintains manufacturing and research facilities throughout the world. Houghton International continues its focus to expand its customer service operations and grow its worldwide facilities.

Houghton International, Inc.
Madison Van Buren Aves.
P.O. Box 930
Valley Forge, PA  19482-0930

Contact:  Dianne Carmody, 610-666-4086, dianne.carmody@houghtonintl.com   
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