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Bozich to resign as CEO of SI Group

Bozich to resign as CEO of SI Group

Move follows acquisition of chemical manufacturer by NYC firm
Bozich to resign as CEO of SI Group
SI Group CEO Frank Bozich (Inset); SI Group on Balltown Road
Photographer: Provided (inset); Peter R. Barber (background)

 

NISKAYUNA — SI Group announced Wednesday that its CEO will resign next month.

Frank Bozich, who had led the Niskayuna chemical company since 2013, will become president and CEO of Trinseo, a Pennsylvania materials company, effective March 4.

SK Capital Partners of New York City completed its acquisition of the 112-year-old SI Group on Oct. 15. As part of the transition, another chemical company previously acquired by SK, Connecticut-based Addivant, was merged into SI Group. 

Bozich and Addivant’s CEO were named co-CEOs of the combined SI Group, which in late 2018 had a total of 3,000-plus employees at more than 30 manufacturing sites on five continents and projected about $2 billion in annual revenue.

Just before the merger, SI Group had 389 Capital Region employees, nearly evenly split between its headquarters on Balltown Road and a factory in Rotterdam Junction. 

“Frank’s transition out of the company comes at a time when the structural integration is largely complete,” stated Barry Siadat, a founder and Managing Director of SK Capital.

Dave Mezzanotte, director at SK Capital Partners, will serve as interim CEO of SI Group until a successor is named.

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