Paresh recently retired from Duraline Corporation and its parent, Mexichem, in January of this year. He served as Chairman of the Board and CEO of Duraline and as the President of Orbia’s (FKA Mexichem) Fluent Group, a $4+billion global business with over 90 facilities and 15,000 employees worldwide. He was on the Boards of Wavin (Netherlands) and Netafim (Israel), prior to retiring and currently serves on the Advisory Board of Onward Capital. His prior experience includes executive roles at AT&T, Emerson and Halliburton. He has significant experience in driving business transformation and accelerating both organic and inorganic growth including acquisitions, JVs, greenfield and strategic alliances.in several countries.
Through several ownership changes, including Emerson and several private equities, Paresh led Duraline through significant growth starting with a $65 million operation to its current value over $1.3 billion. The prior private equity owners included Jordan Industries (Chicago), Sun Capital (Boca Raton), Audax Group (Boston) and CHS (Chicago). Under his leadership, Duraline was ultimately sold to Mexichem in September of 2014 at a 11.3x multiple. Each sale resulted in significant value creation for its owners.
Paresh has an M.B.A. from the University of Michigan as well as both master’s and bachelor’s degrees in engineering from the Indian Institute of Technology. He is also a Certified Public Accountant and completed executive education programs at Northwestern and Harvard. He also completed the Directors’ College at Stanford in 2013.