Chemelex, a global leader in electric thermal and sensing solutions, today announces two significant milestones in its history: the completion of its separation from nVent and the appointment of David Prystash as Chief Executive Officer. Following the acquisition by Brookfield Asset Management's private equity business, Chemelex is now operating as an independent entity, positioned for accelerated growth and innovation in the thermal management sector.
As a pioneer in self-regulating heat tracing and other technologies, Chemelex, formerly the Thermal Management business of nVent, has long been recognized as an expert within the industry. The company will build on this legacy, continuing its mission to deliver high-quality electric thermal and sensing solutions that protect critical processes, places, and people worldwide. Chemelex's "Excellence is Everything" approach underscores its commitment to innovation, reliability, and exceptional service for its diverse clientele, including industrial manufacturers, traditional energy and energy transition companies, infrastructure and data center organizations, commercial buildings, and homeowners. The transition to a standalone company allows Chemelex to increase its focus on serving its customers through product innovation, agile operations and direct relationships.
David Prystash succeeds Brad Faulconer, who will continue to serve as a strategic advisor. Mr. Prystash brings extensive experience from senior leadership roles. Most recently, he served at International Automotive Components Group (IAC), first as Chief Financial Officer and later as Chairman and CEO.
"We thank Brad for his leadership and many achievements over the past 30 years," said the Chemelex Board. "David is an experienced leader with a strong track record of building teams enabled to drive growth and innovation with customer-focused strategies. We welcome David and look forward to working with both him and Brad in their new roles."
