Critical Process Systems names new CEO

ROSEMONT - Critical Process Systems Group, a portfolio company of Wynnchurch Capital, has appointed Dmitry Shashkov as Chief Executive Officer.

He replaces Paul Frascoia, is departing to pursue other opportunities. Frascoia will remain a senior advisor to the company.

Shashkov brings more than 20 years in the semiconductor and life science industries to CPS. Originally trained in physics and materials science, he started his career with McKinsey and Company, a management consultancy, where he served clients predominantly in the pharmaceutical and chemical industries on the issues of growth and strategy. Shashkov spent 8 years at Honeywell, involved in business development and leading various businesses of Honeywell's Electronic Materials business unit. In 2010, he served as a President and CEO of HC Starck Inc., a world leading supplier of refractory metals to the semiconductor industry.

Most recently, Shashkov was a President and CEO of Exogenesis, a nanotechnology startup focused on bringing novel medical devices to market. Concurrently, he served as a board member of CPS Group since 2018.

"His experience in building and executing growth strategies, as well as, his decadeslong tenure in the semiconductor industry will be a great asset to CPS as the business continues on its growth path," said Brian Crumbaugh, partner at Wynnchurch Capital and CPS board member.