Try digitalPLUS for 10 days for only $0.99

W.R. Grace & Co.

W.R. Grace names new president and COO after spinoff

Columbia-based W.R. Grace named a new president Thursday to replace the guy who left to lead the chemical giant's spinoff this week.

Hudson La Force, Grace's senior vice president and chief financial officer since 2008, will become president and chief operating officer, succeeding Gregory E. Poling, who became CEO of the spinoff company GCP Applied Technologies Inc., headquarted in Cambridge, Mass.

Grace decided last year spun off its construction products segments into a new company, giving its shareholders one share in the new company. In their first day of trading, GCP shares closed at $16.90, up 24 cents. Grace shares ended the days up 22 cents at $67.95 each.