CCMP Capital Advisors, the former buy-out arm of JP Morgan Chase, has hired industrial veteran Dominique Fournier as an executive advisor to the firm’s UK division.
Fournier will work with CCMP on new industrial investment opportunities in Europe and the US.
Fournier has more than 35 years of leadership and international operating experience in the chemical industry, most recently serving as CEO of lubricant and fuel additives group Infineum International. Prior to this, he spent over 28 years at ExxonMobil, where he held multiple senior leadership positions, including AIB vice president of ExxonMobil Chemical.
Fournier currently serves on the board of Yule Cato and was a member of the British Chemical Industry Association Council until the end of 2011, having served on its executive committee since 2007. In addition, he also served as chairman of the Chemical Management Steering Group and served as a member of the UIC (French Industry Chemical Association) from 1996 to 1998.
Bob McGuire, co-head of CCMP’s industrials group, said, “We are pleased to welcome Dominique as an executive advisor here in Europe. We believe there are significant opportunities in the European and US industrials and chemicals sectors. Dominique’s broad international experience, commitment to operational excellence, and deep industry insights will be a valuable asset in pursuing these opportunities.”
CCMP is currently looking to raise $3.5bn for a new fund to be launched this year. The firm has been looking to expand its base of limited partners through talks with sovereign wealth funds in Asia, Europe, the Middle East and Australia, a couple of which are said to be conducting due diligence on the new vehicle.
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