Circulus Holdings, a Houston-based public benefit limited liability company that produces postconsumer resin (PCR) from recycled low-density polyethylene (LDPE), has appointed Craig Foster as its CEO. Circulus plans to build plants that use advanced technologies to transform lower grade plastics into PCR suitable for commercial and industrial applications.
David Hudson, founding CEO of Circulus, plans to stay with the company as its chief strategy officer, focusing on business development, innovation and commercial growth.
According to a news release from Circulus, Foster has executive leadership and operational experiences that he brings to Circulus. Most recently, he was executive officer and senior vice president of CSW Industrials’ specialty products business. Prior to that he served as president of Whitmore Manufacturing Co., a CSW Industrials company.
“Having Craig join as CEO will strengthen Circulus as it executes its ambitious growth plans,” says Troy Thacker, a managing partner at Ara Partners, a private equity firm specializing in industrial decarbonization investments that is Circulus’ financial sponsor. “Craig has an established track record of successfully leading organizations as they accelerate innovation-driven growth and deliver top-tier operating results.”
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