Indevco North America appoints CEO

Indevco North America, a paper, paperboard and plastic packaging manufacturer with offices in Doswell, Virginia, has appointed Ned M. Bassil as the company's next CEO. The appointment is effective Sept. 1, when Pierre Khattar transitions to the board of directors.   

The company says 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, laminating and building material industries.   

Bassil comes to Indevco North America from Beckway Group, where he served as an operating partner liaising with a wide range of industrial and consumer product goods clients. He has deep experience in manufacturing and distribution with global expertise in strategy, finance, mergers and acquisitions, supply chain and product management.   

Before the Beckway Group, Bassil worked in the building material distribution industry as senior vice president of product management at PrimeSource and as chief supply chain officer at BlueLinx. As senior adviser at boutique consulting firm SSA & Co., he guided C-Suite clients on growth and operational improvements. Bassil also has held executive positions at Stanley Black & Decker and Royal Philips Electronics.   

“I am honored and thrilled to join the Indevco North America team at an exciting time in the company's growth trajectory and look forward to working with our fantastic team and building on the great work that Pierre and the team have already accomplished,” Bassil says. “I'd like to thank Pierre for his leadership and dedication and for bringing the company to where we are today."  

Bassil earned his Bachelor of Science and Master of Science in electrical engineering from Youngstown State University and his Master of Business Administration in Finance from The Wharton School of the University of Pennsylvania.   

“Ned has a proven record in optimizing and growing industrial concerns,” Khattar says. “Along with our high-performing executive team, his leadership skills will propel Indevco North America to achieve aggressive strategic goals. Ned’s principles will help perpetuate our dedication to employees, local communities and the environment.”  

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.   

“Pierre’s leadership was instrumental in forming the foundation of Indevco North America; his passion to effectively set up the company for our next growth phase was remarkable,” says Bahjat Frem, executive chairperson. “On behalf of the board, I thank Pierre for his valuable contributions and loyalty to the group, and I welcome Ned at this pivotal juncture in Indevco North America’s growth trajectory.”