Quaker Chemical Corporation announced that Jeewat Bijlani will step down from his roles as Executive Vice President, Global Specialty and Chief Growth Officer effective September 30, 2026. The departure is voluntary and unrelated to any disagreements with the company. As a termination without cause under his employment agreement, Mr. Bijlani is entitled to severance payments and benefits consistent with the terms outlined in the company's March 31, 2026 Proxy Statement, contingent upon executing a customary release of claims. Quaker Chemical Corporation operates in the industrial chemicals industry, manufacturing specialty chemical products for metalworking, surface treatment, and other industrial applications.

Quaker Chemical Corporation reported second quarter 2026 net sales of $532.6 million, a 10% year-over-year increase driven by 7% volume growth from new business wins and favorable pricing. Net income attributable to common shareholders was $26.8 million, or $1.55 per diluted share, compared to a loss of $66.6 million in the prior year period. Non-GAAP net income rose 28% to $37.9 million, yielding non-GAAP earnings per diluted share of $2.19. Adjusted EBITDA increased 13% to $85.2 million. The company announced a quarterly dividend increase of approximately 4.3%, repurchased $24.2 million of shares in Q2, and authorized a new $250 million stock repurchase program with no expiration date. Quaker Chemical Corporation operates in the industrial process fluids industry, providing specialized chemical solutions for metalworking and manufacturing.

Steven Dassing resigned as Vice President, Corporate Controller, and Principal Accounting Officer of Quaker Chemical Corporation, effective July 22, 2026. The resignation was for the purpose of pursuing another career opportunity and was not due to any dispute with the company. Upon his departure, Executive Vice President and Chief Financial Officer Mr. Coler will assume the role of Principal Accounting Officer. No new compensatory arrangements were established for Mr. Coler regarding this additional responsibility. Quaker Chemical Corporation is a provider of process chemicals and services to various industrial sectors.