Tod Durst, who has served as executive vice president of Wilmington, NC-based PolyQuest since 2014, was named president effective August 1.
John Marinelli, founder and acting president since 2000, will continue to serve the company as Chief Executive Officer and as Chairman, focusing on strategic growth initiatives and customer relationships.
Durst brings nearly 30 years of management and operational experience in the intermediate chemicals and thermoplastics industry to his new role. He will oversee key raw materials sourcing, supply chain management, manufacturing and global commercial aspects of PolyQuest’s business.
|PolyQuest President Tod Durst|
“We have been extremely fortunate to have built unbreakable bonds with our strategic suppliers and customers since inception,” said John Marinelli, CEO and Chairman of PolyQuest. “Tod has been critically involved in these relationships, and at the same time, has learned our business comprehensively from the ground up at the granular level. His experience, knowledge, business acumen and unwavering commitment to our customers ensures a seamless transition as we change roles.”
In preparing for his new role, Durst said “at its core, PolyQuest will always be the resin supplier that offers the most comprehensive, tailored virgin and/or recycled resin supply solutions to customers. A lot of companies just sell resin. We collaborate with our customers and provide the total resin supply solution they require — which always includes resin, but as importantly, also includes exceptional customer service, logistics, inventory management, regulatory compliance, various recycling alternatives, andm ore. Our primary strategic objective with a customer is to develop the kind of relationship where we operate as ‘one’. These tailored solutions have always been paramount but have become even more critical in the disruption economy we currently face.”
PolyQuest is a privately held company with facilities in Darlington, SC, and Farmingdale, NY, and European offices in Austria. It is the largest distributor of PET resins in the U.S. and Canada, one of the fastest growing distributors of polypropylene and high-impact polystyrene resins and a value-added recycler of PET (rPET). PolyQuest maintains a global reach with a broad range of resin options for bottle, sheet, strapping, film, and fiber markets.