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.
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]
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]
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]