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    Joseph A. Berquist

    Chief Executive Officer and President at Quaker Chemical Corp
    Board
    Since November 18, 2024
    Age
    53 years
    Tenure
    Joined KWR in 1997 and has held multiple leadership roles, including Vice President and Managing Director – North America, Chief Strategy Officer, Executive Vice President, Chief Commercial Officer, and ultimately Chief Executive Officer and President.

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    About

    Joseph A. Berquist has built a distinguished professional career at KWR after joining the company in 1997, where he has progressively taken on roles of increasing responsibility and scope.

    Over the years, he has served in various strategic positions including Vice President and Managing Director – North America, Senior Vice President, Chief Strategy Officer, and Executive Vice President in roles that underscored his contribution to the company’s revenue and profitability growth.

    His most recent appointment as Chief Executive Officer and President on November 18, 2024, marks a significant milestone in a career defined by strategic leadership and successful integration of major business transactions.

    No additional personal or educational details are provided, ensuring that his professional achievements and contributions remain the focal point of his profile.

    $KWR Performance Under Joseph A. Berquist

    Past Roles

    OrganizationRoleDate RangeDetails
    Quaker Houghton (KWR) Executive Vice President, Chief Commercial Officer January 2023 – November 2024 Commercial responsibility over all global businesses
    Quaker Houghton (KWR) Interim Managing Director - EMEA August 2022 – December 2022 Managed operations in Europe, Middle East, and Africa
    Quaker Houghton (KWR) Executive Vice President, Chief Strategy Officer and Managing Director, Global Specialty Businesses September 2021 – December 2022 Led strategy development and managed global specialty businesses
    Quaker Houghton (KWR) Senior Vice President, Global Specialty Businesses and Chief Strategy Officer August 2019 – September 2021 Oversaw global specialty businesses and strategic planning
    Quaker Houghton (KWR) Vice President and Managing Director - North America April 2010 – July 2019 Managed North American operations, driving revenue and profitability improvements
    Quaker Houghton (KWR) Various Early Roles Since 1997 Held positions across the commercial sales organization and in the steel, metalworking, and fluid power businesses

    Fixed Compensation

    Data from  FY 2024
    Component NameAmount ($)Payment ScheduleAdditional Details
    Salary575,731 Annual 2024 Base salary received in 2024
    Stock Awards1,012,878 Granted in 2024 Grant date fair value computed under LTIP per FASB ASC Topic 718
    All Other Compensation32,082 Annual (assumed) Includes retirement plan contributions (20,711 ), dividends on time-based restricted stock awards (4,496 ), personal financial planning costs (1,875 ), and executive medical reimbursement (5,000 )

    Performance Compensation

    Data from  FY 2024

    Performance Compensation Details

    Performance MetricWeightThresholdTargetMaximumAdditional Details
    Adjusted EBITDA60% $320 million $340 million $375 million Payout levels represent 50%, 100%, and 200% of target respectively
    New Business Wins25% 2% 3% 4% Performance measured as a percentage increase, with thresholds as specified
    ESG: Safety Performance (TRIR)15% 0.37 0.35 0.33 Lower TRIR indicates better safety performance

    Additional Information:

    • Grant Date: March 15, 2024
    • Grant Date Fair Value (Stock/Option Awards): $735,457
    • Vesting Schedule: LTIP awards vest ratably over three years (time-based RSUs with a PSU opportunity)
    • Evaluation Period & Payout Timing: Annual performance evaluated with an AIP payout range of 0% to 200% of target; actual payout is disbursed in early 2025
    • Payout Determination: Utilizes a multiplicative modifier based on individual performance ratings