PRESS RELEASE Monday, June 15, 2015 Appointment of Benoît GRENOT to replace Denis Deruelles as President of the Speciality Chemicals business unit

With 27 years of career in BAIKOWSKI in commercial and management functions, Denis Deruelles decided to retire. I would like to take this opportunity to thank Denis for contributing to the BAIKOWSKI's growth and success through his professionalism and commitment. I wish him a happy retirement and all the best as he begins this new chapter in his life.
Effective July 1, 2015, Benoît Grenot will replace Denis Deruelles as President of the Speciality Chemicals business unit, CEO of BAIKOWSKI and member of the Executive Committee of PSB INDUSTRIES.
Benoît graduated from Ecole des Mines de Paris, and spent his career since 1997 within the Saint-Gobain Group. He has occupied various functions as Sales Manager and General Manager, in particular for the Ceramic Materials activity in Asia where he lived for 12 years. In 2009 he was appointed General Manager of Savoie Réfractaires in Lyon, France, moving on to become General Manager of the
Bonded Refractories Business Unit of Saint-Gobain SEFPRO in 2010. I wish Benoît full success in his new assignment.
Olivier Salaun
President PSB INDUSTRIES

PSB INDUSTRIES is an innovation-driven industrial group with leadership positions in packaging and specialty chemicals .

In 2014 the group reported consolidated revenues of €262 million, including more than 60% from international sales. The group has production

plants in France, the United States, Poland, Japan, and Mexico.

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