This post originally appeared on November 8, 2013.
PHILADELPHIA -- November 07, 2013—The Society of Chemical Industry, America Section (SCI America), announced today that the SCI Chemical Industry Medal will be presented to Sunil Kumar, Managing Principal of Wembly Enterprises and retired Chief Executive Officer of International Specialty Products (ISP). He will receive the medal at a dinner in his honor on March 11, 2014, at the Waldorf Astoria Hotel in New York.
The SCI Chemical Industry Medal honors an individual whose leadership, commitment and contributions have been responsible for substantial progress and performance of the chemical industry. In addition to being an active guiding force in the management of their company during periods of growth or development of new businesses, recipients are known for service rendered to the industry as a whole.
“Through his leadership, Sunil built ISP into an international leader in specialty chemicals,” said Andreas Kramvis, chair of SCI America. “He has established himself as a leading voice in the specialty chemicals industry and, while serving as chairperson of SCI America, established an innovative program to encourage students to pursue careers in industrial chemistry.”
About Sunil Kumar
Until his retirement in 2011, Sunil Kumar was CEO, President, and Board Member of ISP, a global manufacturer of specialty chemicals (2011 sales were $2.1 billion). ISP chemicals are used in cosmetics, pharmaceuticals, food, and other industrial uses. In 2003, Kumar worked with an investors group to take the company private. Over his tenure, he made a number of accretive acquisitions and built exports to the point of representing 50 percent of sales and income. ISP maintained an admirable annual profit growth rate of 11 percent over 10 years and maintained the highest margins in their industry. Kumar became a leading spokesperson for the specialty chemicals segment and was frequently quoted in trade publications.
Prior to ISP, Kumar was President and CEO of GAF Materials Corporation ($3 Billion in sales), the world’s largest manufacturer of roofing products for residential and commercial buildings. Before that, he was Executive Vice President of Bridgestone/Firestone, and was responsible for Bridgestone/Firestone’s North American tires and auto services business which is now about $6 billion in annual sales. He had earlier started a business that became Firestone Building Products Company which is now a $1 billion manufacturer of roofing and insulation products.
After his retirement Sunil continues in the chemical industry through ownership of two specialty businesses -- Universal Plastics Inc and Nylon Corporation of America. Additionally, he is Senior Advisor to Reliance Industries Limited.
Kumar was a Board Member of the American Chemistry Council from 1999-2011 and President of the Société de Chimie Industrielle from 2008-2010. He served as Chairman of the Society of Chemical Industry in 2009-2010. During his time as Chairman of SCI, he was instrumental in starting their SCI Scholars Program, an initiative to encourage college students to pursue careers in industrial chemistry and chemical engineering.
Kumar was selected to be the 2005 Specialty Chemicals CEO of the Year by Frost & Sullivan, a distinguished international industry and market research firm. In 2006, he was given the Distinguished Alumnus Award by his alma mater, the Indian Institute of Technology (IIT).
A native of New Delhi, India, Kumar holds a Bachelor of Technology in Mechanical Engineering from IIT, and an MBA from the University of Louisiana.
About the Chemical Industry Medal
The Chemical Industry Medal has been awarded by SCI America for more than 85 years. Presentation is made annually to a recipient selected by the Executive Committee of the America Section of the SCI. The Chemical Industry Medal is a testimonial to men and women whose leadership, foresight, and contributions to applied chemistry have been, to a considerable degree, responsible for the growth of that industry. The medal has attained distinction by reason of the outstanding achievements and caliber of those who have been honored. Past recipients include Andrew N Liveris, David N Weidman, J Brian Ferguson, Michael E Campbell, and Jeffrey M Lipton.
SCI America, launched in 1894, is part of the Society of Chemical Industry’s international organization. It provides a unique networking forum for chemical industry leaders, industrial scientists, and technologists to exchange new business ideas and best practices. It celebrates achievement to promote public awareness of the contributions of industrial chemistry and inspire students to enter technical careers.
SCI America section also offers its members the opportunity to become part of an international network of industry thought leaders and researchers. Through specialized conferences, e-events, and publications, it helps foster best practices in fields as diverse as fine and commodity chemicals, food, pharmaceuticals, biotechnology, agriculture, and environmental protection.
SCI America events are managed by Chemical Heritage Foundation. www.chemheritage.org