INDEVCO North America Announces CEO Transition Effective September 2022

INDEVCO North America today announced that its Board of Directors has appointed Ned M. Bassil as the company’s next Chief Executive Officer (CEO), effective September 1, when Pierre Khattar transitions to the Board of Directors.

Khattar has worked with INDEVCO companies for four decades, including nearly 30 years as Chief Financial Officer (CFO) and Senior Vice President of Finance at Interstate Resources, Inc. and later as CEO of INDEVCO North America. In his most recent role, Khattar advanced operational excellence and embedded product innovation, customer experience, and value-led sustainability as key components of the corporate strategy.

Bassil brings more than three decades of experience in top leadership roles and across functions to INDEVCO North America, at a time when the group is poised for further rapid growth in the flexible packaging, recycling, coating and laminating, and building material industries.

He comes to INDEVCO North America from Beckway Group, where he served as Operating Partner liaising with a wide range of industrial and consumer product goods (CPG) clients. He has deep experience in manufacturing and distribution with global expertise in strategy, finance, mergers and acquisitions (M&A), supply chain, and product management.

Prior to Beckway Group, Bassil worked in the building material distribution industry as Senior Vice President of Product Management at PrimeSource and as Chief Supply Chain Officer at BlueLinx. As Senior Advisor at boutique consulting firm, SSA & Company, he guided C-Suite clients on growth and operational improvements. Bassil has also held executive positions at Stanley Black & Decker and Royal Philips Electronics.

Bassil earned his BS and MS in Electrical Engineering from Youngstown State University and his MBA in Finance from The Wharton School of the University of Pennsylvania.

About INDEVCO North America

INDEVCO North America, a protective materials manufacturing group established in 2014, innovates and produces sustainable paper, paperboard, and plastic packaging and Barricade® brand building

envelope products, as well as manages recycling operations that feed into the group’s circular

economy. Member manufacturing plants serve a growing list of industries, including building and construction, beverage, chemical and petrochemical, food, industrial salt and minerals, lawn and garden, packaging converting, pet food, and transport. INDEVCO North America is member of the Alliance to End Plastic Waste (AEPW), via mother company INDEVCO Group, and the Sustainable Packaging Coalition (SPC).