Quaker Houghton appoints Tom Coler as new CFO

Quaker Houghton, a global leader in industrial process fluids, has announced a significant change in its executive team with the appointment of Tom Coler as the new executive vice president and chief financial officer, effective June 10, 2024. Coler will be taking over from Shane Hostetter, who has decided to leave the company to pursue other opportunities after a commendable tenure since 2021.

Coler brings a robust background in finance, having held several leadership roles across various industries. Before joining Quaker Houghton, Coler served as the CFO at Savage Companies, a global supply chain and logistics service provider, since October 2022. His career also includes significant stints at H.B. Fuller Corporation, where he was the vice president of Finance from 2017 to 2022, and earlier roles at Polaris Industries, Ecolab Corporation, and Boston Scientific. His expertise extends across financial planning, corporate development, and integrating technological solutions into finance practices. Coler holds certifications as a Certified Public Accountant (CPA) and a Chartered Financial Analyst (CFA).

Andy Tometich, CEO and president of Quaker Houghton, praised the incoming CFO’s capabilities, stating, “Tom is an experienced financial executive with expertise in driving growth and leading transformation. I am confident Tom will be an excellent partner to build on the momentum in our business, accelerate our growth and continue to generate long-term shareholder value.”

Tometich also expressed his gratitude towards Hostetter for his contributions to the company, noting, “Shane has improved our strong financial foundation, advanced our strategic initiatives, and helped to further unlock our growth potential,” during his 13-year tenure with the company.

Hostetter will assist in the transition until his departure on August 4, 2024, ensuring a smooth handover of responsibilities.

Quaker Houghton, headquartered near Philadelphia, operates in more than 25 countries and serves a diverse range of sectors including steel, aluminum, automotive, aerospace, and more. The company is renowned for its innovative and sustainable solutions that enhance the efficiency and effectiveness of industrial processes worldwide.