Posted 28 February, 2022
ECOLAB INC. appointed new CEO
CEO Change detected for ticker NYSE:ECL in a 8-K filed on 28 February, 2022.
Also, on February 28, 2022, Ecolab announced that its board has elected Christophe Beck, president and chief executive officer, and a member of the board of the directors, to serve as chairman of the board, in addition to his current responsibilities, effective upon the expiration of Mr. Baker's term.
Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of ECOLAB INC.
Business/Consumer Services • Environment/Waste Management
Ecolab, Inc. engages in providing products and services in the field of water, hygiene, and energy. It operates through the following segments: Global Industrial, Global Institutional and Specialty, Global Energy and Life Science, and Other. The Global Industrial segment relates to water, food and beverage, paper, and downstream operating segments. The Global Institutional and Specialty segment refers to the institutional, specialty, and healthcare operating segments. The Global Healthcare and Life Sciences segment includes the healthcare and life sciences operations. The Other segment is involved in providing services to detect, eliminate and prevent pests. The company was founded by Merritt J. Osborn in 1923 and is headquartered in St. Paul, MN.Market Cap
$76.3B
View Company Details
$76.3B
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 28, 2022, Ecolab Inc., a Delaware corporation ("Ecolab" or the "Company"), announced that Douglas M. Baker, Jr., executive chairman of the board of directors of Ecolab, has informed the Company that he will step down from the board following the expiration of his current term at the Company's 2022 Annual Meeting of Shareholders on May 5, 2022. Also, on February 28, 2022, Ecolab announced that its board has elected Christophe Beck, president and chief executive officer, and a member of the board of the directors, to serve as chairman of the board, in addition to his current responsibilities, effective upon the expiration of Mr. Baker's term. A copy of the news release issued by the Company on February 28, 2022 announcing this transition in board leadership is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
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