Effective September 23, 2013, Paul DeVivo has been appointed to the role of Chief Executive Officer and as a member of the board of Gulf Oil International Ltd. Mr. DeVivo will continue to serve as CEO of Houghton, a role he has held since February of 2008. The CEO role at Gulf Oil International previously did not exist.
Paul DeVivo has over 30 years of diverse international leadership experience in building global specialty industrial businesses. His most recent focus at Houghton has been on global acquisition integration, strategic business modeling, and performance improvement through process redesign.
“In a recent planning session with key Gulf and Houghton managers, we acknowledged the success of our initial synergy targets and established additional synergy and integration goals for the future,” said Paul DeVivo. “The integration of these two businesses will create considerable value for shareholders.”
“As Houghton’s CEO, Paul has continually grown revenue and profits while achieving recognition for outstanding customer satisfaction,” said Sanjay Hinduja, chairman of Gulf Oil International Ltd. “The directors of Gulf Oil are certain that he will add significant value to the enterprise.”
Prior to joining Houghton, Mr. DeVivo spent 12 years at Ashland Inc. in the water technologies division. His additional work experience includes senior management positions with the Valspar Corporation, Unitor A/S and Drew Chemical Corporation. Mr. DeVivo holds a B.S. in marine engineering from the United States Merchant Marine Academy and an M.B.A. from the University of Miami.
The Gulf Oil International Group (gulfoilltd.com) is one of the largest independently owned downstream lubricants companies with blending plants in Argentina, China, India, Indonesia, The Philippines, and the United Arab Emirates. The Gulf brand is marketed by the company in Asia, Africa, Australia, Europe and North and South America.
Gulf acquired Houghton International Inc. for approximately $1 billion in December 2012.
