New CEO to Lead Indevco North America

Ned M. Bassil has been appointed CEO of Indevco North America, effective Sept. 1, 2022. He will replace Pierre Khattar, who will transition to the Board of Directors, Indevco North America announced yesterday.

Indevco North America is described as a protective materials manufacturing group that produces sustainable paper, paperboard, plastic packaging, and Barricade-brand building envelope products. It also manages recycling operations that feed into the group’s circular economy.

Bassil brings more than three decades of experience in top leadership roles and across functions to Indevco North America, at a time when the group is poised for further rapid growth in the flexible packaging, recycling, coating and laminating, and building material industries.

“Along with our high-performing executive team, his leadership skills will propel Indevco North America to achieve aggressive strategic goals,” said Khattar. “Ned’s principles will help perpetuate our dedication to employees, local communities, and the environment.”

Bassil previously served as Operating Partner at Beckway Group, where he interfaced with a range of industrial and consumer product goods (CPG) clients. He has deep experience in manufacturing and distribution with global expertise in strategy, finance, mergers and acquisitions, supply chain, and product management, said Indevco North America in the announcement.

Bassil has held executive positions at PrimeSource, BlueLinx, SSA & Co., Black & Decker, and Royal Philips Electronics.

Bassil earned his BS and MS in electrical engineering from Youngstown State University and his MBA in finance from the Wharton School of the University of Pennsylvania.

Outgoing CEO Khattar has worked with Indevco companies for four decades, including nearly 30 years as Chief Financial Officer and Senior Vice President of Finance at Interstate Resources Inc. and later as CEO of Indevco North America. In his most recent role, Khattar advanced operational excellence and embedded product innovation, customer experience, and value-led sustainability as key components of the corporate strategy, said the company.

Indevco North America is part of Indevco. The global business headquartered in Lebanon supplies converting machinery, raw materials, and packaging, as well as disposables and renewable energy products.