INDEVCO North America Announces CEO Transition Effective

Richmond, VA, Aug. 29, 2022 (GLOBE NEWSWIRE) — INDEVCO North America today announced that its Board of Directors has appointed Ned M. Bassil as the company’s next Chief Executive Officer (CEO), effective September 1, when Pierre Khattar transitions to the Board of Directors.

Khattar has worked with INDEVCO companies for four decades, including nearly 30 years as Chief Financial Officer (CFO) and Senior Vice President of Finance at Interstate Resources, Inc. and later as CEO of INDEVCO North America. In his most recent role, Khattar advanced operational excellence and embedded product innovation, customer experience, and value-led sustainability as key components of the corporate strategy.

“Pierre’s leadership was instrumental in forming the foundation of INDEVCO North America; his passion to effectively set up the company for our next growth phase was remarkable,” said Bahjat Frem, Executive Chairman. “On behalf of the board, I thank Pierre for his valuable contributions and loyalty to the group, and I welcome Ned at this pivotal juncture in INDEVCO North America’s growth trajectory.”

Bassil brings more than three decades of experience in top leadership roles and across functions to INDEVCO North America, at a time when the group is poised for further rapid growth in the flexible packaging, recycling, coating and laminating, and building material industries.

“Ned has a proven record in optimizing and growing industrial concerns. Along with our high-performing executive team, his leadership skills will propel INDEVCO North America to achieve aggressive strategic goals. Ned’s principles will help perpetuate our dedication to employees, local communities, and the environment,” said Khattar.

Bassil comes to INDEVCO North America from Beckway Group, where he served as Operating Partner liaising with a wide range of industrial and consumer product goods (CPG) clients. He has deep experience in manufacturing and distribution with…