Harold Sorgenti Explained

Harold Sorgenti
Birth Date:28 May 1934
Birth Place:New York City, New York
Death Place:Philadelphia, Pennsylvania
Nationality:American
Field:Chemistry

Harold Sorgenti was an American engineer, businessman and investor, the former president and chief executive officer of ARCO Chemical and a key member of Ennovance Capital. He has served as chairman of the Pennsylvania Academy of the Fine Arts and the Philadelphia Orchestra.

Education

Sorgenti received a B.S. in Chemical Engineering from City College of New York and an M.S. in Chemical Engineering from Ohio State University.[1]

Career

Sorgenti started his career as a scientist for ARCO Chemical company, a subsidiary of Atlantic Richfield, where he developed several U.S. patents that led to the formation of new chemical industrial processes.[2] He served as President and Chief Executive Officer of ARCO Chemical between 1979[3] and 1991,[4] where he headed the transformation of ARCO Chemical that led to splitting the company into two entities: Lyondell Petrochemical (now LyondellBasell) and ARCO Chemical Company.[5]

After serving for ARCO Chemical, he co-founded with Fred Rullo the Freedom Chemical Company,[6] a company that made several lower middle-market acquisitions of specialty chemical companies, which sold to BFGoodrich for $375 million in 1998.[7]

In 2003 Sorgenti received the Petrochemical Heritage Award from the Chemical Heritage Foundation.[8] [9]

In 2010, Sorgenti joined Ennovance Capital, a Philadelphia-based private equity firm, as an operating partner.[10]

Sorgenti died on July 11, 2018.[11]

Cultural activities

In 1980 Sorgenti joined the board of the Pennsylvania Academy of the Fine Arts and was chairman from 1986[1] to 1993.[12] From 2005 to 2009 he served as chairman of the Philadelphia Orchestra.[13]

Notes and References

  1. News: Sorgenti elected chairman of Academy of the Fine Arts . . December 30, 1986 . August 4, 2010 . fee required .
  2. Web site: Patent Searching Database . freepatentsonline.com . August 4, 2010 .
  3. News: Harold Sorgenti, a civic hard-charger is honored . . April 22, 1985 . August 4, 2010 . fee required .
  4. News: ARCO Chemical chief Sorgenti plans to retire . https://web.archive.org/web/20121104142537/http://www.highbeam.com/doc/1G1-9375292.html . dead. November 4, 2012 . The Oil Daily . January 23, 1991 . August 4, 2010 .
  5. Book: Spitz, Peter H. . The chemical industry at the millennium: maturity, restructuring, and globalization . 34 . 2003 . . 978-0-941901-34-5 .
  6. News: New venture for retired ARCO CEO . . May 7, 1992 . August 4, 2010 .
  7. News: Heavy hitters launch new trust firm . . July 10, 1998 . August 4, 2010 . Peg . Brickley.
  8. News: Sorgenti wins Heritage award . ICIS Chemical Business . . March 24, 2003 . August 4, 2010 .
  9. Web site: Petrochemical Heritage Award. Science History Institute. 24 March 2018.
  10. |Harold A. Sorgenti|http://www.ennovance.com/index_files/Page3776.htm
  11. Web site: Harold A. Sorgenti, 84, Philly business and civic leader. Bonnie L.. Cook. philly.com.
  12. Web site: Service Rendered to the Great Cause of Art . . August 4, 2010 . dead. https://web.archive.org/web/20110622055140/http://www.pafa.org/SiteData/doc/GuideTextforWeb%20fnl/6981004983e95cf9ce358fe007049374/GuideTextforWeb%20fnl.pdf . June 22, 2011 .
  13. News: Philadelphia Orchestra's chairman steps down early . . January 27, 2009 . August 4, 2010 .