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Phil McDivitt to stick on as Particular Marketing consultant to the Board and CEO
HOUSTON, Dec. 10, 2025 /PRNewswire/ — Ascend Efficiency Fabrics, a manufacturer of high-performance and sturdy engineered fabrics for on a regular basis necessities and brandnew applied sciences, as of late introduced that it has appointed Patrick Schumacher as Leading Government Officer, efficient as of late.
Patrick succeeds Phil McDivitt, who will stay with Ascend as a different marketing consultant to the Board and CEO to assure a easy transition as the corporate completes its monetary restructuring and emerges from the Bankruptcy 11 procedure. McDivitt joined Ascend in 2015, served as president and CEO since 2017, and oversaw the growth of the corporate’s international production footprint.
“Over the past several years, we have built a strong foundation and made tremendous progress scaling our engineered plastics business and improving our safety record, culture, and customer relationships,” mentioned McDivitt. “As we work toward a successful financial restructuring, I am confident that now is the right time to transition leadership of Ascend. Patrick has a strong record of driving operational improvements, increasing profitability, and leading teams through transformation. His leadership will be instrumental as the company continues to execute on its growth strategy, build industry trust, and deliver long-term value.”
“I am thrilled to lead what will become Ascend’s resurgence,” mentioned Patrick Schumacher. “The people of Ascend have exhibited incredible resilience and determination and I’m honored to work alongside them to bring the company back to strong financial performance. Together, we will drive Ascend forward with a continued focus on operating safely and providing customers with the high-performance materials that help them lead their respective industries. I am grateful for Phil’s many contributions to Ascend and his support throughout this transition.”
About Patrick Schumacher
With greater than 25 years of enjoy international companies around the chemical compounds and business sectors, Schumacher has constructed a name for strategic transformation, streamlining complicated organizations, and handing over upper profitability. Prior to becoming a member of Ascend, he was once company vice chairman at Olin Company, the place he led the Chlor Alkali Merchandise & Vinyls category and the worldwide built-in provide chain, reaching file monetary effects.
Previous to Olin, he held senior govt roles at Celanese Company, together with Senior Vice President of Engineered Fabrics (CEM) and Acetate Tow, Vice President Emulsion Polymers, and Vice President Technique and M&A. Previous in his profession, he led the chemical compounds M&A tradition at The Blackstone Team and held senior funding banking roles at UBS and Lehman Brothers.
He holds a bachelor’s level in finance and global trade from the College of Wisconsin and a grasp’s level in finance from Boston Faculty’s Carroll Faculty of Control.
About Ascend Efficiency Fabrics
Ascend Efficiency Fabrics makes high-performance fabrics for on a regular basis necessities and brandnew applied sciences. Our center of attention is on bettering the property of month and galvanizing a greater the next day to come via innovation. Primarily based in Houston, Texas, and with regional places of work in Shanghai, Brussels, and Detroit, we’re a completely built-in subject material answers supplier with international production amenities in North The united states, Europe, and Asia. Our international body of workers makes the fabrics impaired to construct more secure cars, cleaner power, higher clinical units, smarter home equipment, and longer-lasting attire and client items. We’re dedicated to protection, sustainability, and the good fortune of our shoppers and our communities.
Ascend Media:
Osama Khalifa
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Rachel Chesley / Rose Temple
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SOURCE Ascend Efficiency Fabrics
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