March 12, 2024 12:00 PM Eastern Daylight Time
INDEPENDENCE, Ohio–(BUSINESS WIRE)–Covia Holdings LLC (“Covia” or the “Company”), a leading provider of mineral-based and material solutions for the industrial and energy markets, today announced it has appointed Bruno Biasiotta as President and Chief Executive Officer and a member of Covia’s Board of Directors, effective March 11, 2024. Mr. Biasiotta succeeds Andrew Eich, who has stepped down from his role at the Company and on its Board to pursue a new opportunity.
“We believe now is the right time to bring in new leadership to execute our ambitious growth objectives, including strengthening our core business, expanding through M&A, delivering new product innovation and continuing to drive operational efficiencies to enhance customer value.”Post this
Mr. Biasiotta has over 30 years of leadership experience across a diverse range of industries and deep expertise in building businesses and driving growth through M&A, complex integrations, and company transformations. He most recently served as CEO of Oldcastle BuildingEnvelope, Inc., a leading manufacturer, fabricator and distributor of building materials with 82 manufacturing and distribution facilities across six countries. Mr. Biasiotta also served as President and CEO of Nortek Air Management, driving significant growth and margin expansion while investing in new products and modernizing facilities to better serve customers. Prior to Nortek, he was President and CEO of Philips Lighting Americas from 2012 to 2015 and spent 17 years at Johnson Controls leading multiple businesses.
“Bruno is a proven leader with a strong track record of leading complex transformations and identifying and executing organic and inorganic growth opportunities across multiple industries,” said Shawn Williams, Chairman of Covia’s Board. “We believe now is the right time to bring in new leadership to execute our ambitious growth objectives, including strengthening our core business, expanding through M&A, delivering new product innovation and continuing to drive operational efficiencies to enhance customer value.”
Phil Barkhorn, Managing Director at Anchorage Capital Advisors and a Covia Board member, added, “Covia is at a significant inflection point, and we are confident Bruno is the right person to lead the Company in its next phase of growth. His deep experience building companies in industries relevant to our business will enable us to add new breakout capabilities in the end-markets we serve.”
Felix Lo, Managing Director at Golden Gate Capital and Covia Board observer added, “On behalf of the Company and Board, I would like to thank Andrew for his leadership and many contributions to Covia, including overseeing initiatives that have driven strong profitability following the Company’s successful financial restructuring in 2020. We wish him the best in his future endeavors.”
Mr. Biasiotta said, “This is an exciting time to join Covia. With high-quality products and assets, blue-chip customers and an outstanding team, Covia is well positioned to capitalize on various unique growth opportunities. I am also thrilled to work with a company that has had a significant impact in the community that my family has called home for many years. I look forward to working with Covia’s talented management team as we work to drive even greater customer value, cultivate long-term and meaningful partnerships, and deliver reliable and innovative solutions.”
About Covia
Covia is a leading provider of diversified mineral solutions to a variety of industrial markets, including glass, ceramics, coatings, metals, foundry, polymers, construction, water filtration, sports and recreation, and oil and gas. The Company serves its customers through a broad array of high-quality products, including high-purity silica sand, nepheline syenite, feldspar, clay, kaolin, resin and coated materials, delivered through its comprehensive distribution network. Covia has built long-standing relationships with a broad customer base consisting of blue-chip customers. Underpinning these strengths is an unwavering commitment to safety and to sustainable development, further enhancing the value that Covia delivers to all its stakeholders. For more information, visit CoviaCorp.com.
Contacts
For Covia
Amanda Meehan, Director of Corporate Communications
[email protected]
216-527-2337
For Golden Gate Capital
Alyssa Lorenzo/Hayley Cook/Bridget Stephan
FGS Global
[email protected]
For Anchorage
Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co.
212-257-4170
Discover more from Impact Newswire
Subscribe to get the latest posts sent to your email.
