Pittsburgh, PA, January 22, 2015 – Watson Standard is pleased to announce the appointment of Henry K. Watson, IV to President from his previous position of Executive Vice President. Henry will have complete oversight and responsibility for Watson Standard and its operating companies, reporting directly to company Chairman, H. Knox Watson, III and the Board of Directors.
Before joining Watson Standard, Henry worked in New York City for PricewaterhouseCoopers (PwC) in Transaction Services. While at PwC, Henry advised private equity and corporate clients on complex valuation and accounting issues associated with a variety of transactions, including: mergers and acquisitions (M&A), leveraged buy-outs (LBOs), spin-offs, financial instruments and derivatives.
Henry started his career at Watson Standard in 2008 as the Director of Finance, and later assumed the role of VP of Corporate Development during which he led the Company’s 2012 acquisition of Delta Coatings Corporation, a Chicago, IL based industrial coatings company. As Executive Vice President, Henry has been responsible for all operational aspects of the business and has effectively transitioned the Company into a platform for long-term, sustainable growth through acquisitions and organic growth initiatives.
Jim Lore has been promoted to Vice Chairman and will remain the President of Watson Industries, Inc., the holding company for various Watson entities, focusing his efforts on European expansion and corporate succession planning. “After nearly 40 years with Watson Standard, I have never been more excited or optimistic about the company’s growth prospects and foundation for future success. We are truly a 100+ year-old start-up that focuses on Quality, Service and Innovation. We pride ourselves on industry-leading technology that is cultivated within a very entrepreneurial culture.”
H. Knox Watson, III commented, “Henry represents the fifth generation of Watson ownership and leadership. His promotion is consistent with our ongoing commitment to accelerated growth and succession planning. Henry has proven he is more than ready to lead Watson Standard and prepare the business for another 100 years of success.”
Boilerplate: Watson Standard is a privately held specialty coatings, inks and adhesives company. Founded in 1902 and headquartered in Pittsburgh, Pennsylvania, Watson serves the global marketplace as an ISO 9001 certified company specializing in application based, customer specific conventional and energy curable coatings, inks, adhesives and related products. Markets served by Watson include the rigid, flexible, food, beverage, general industrial, pharmaceutical, tobacco, confectionery, and general packaging industries.