Steven P. Delarge - Steven P. Delarge
Steven P. Delarge is a rigorous and disciplined leader with experience leading corporate and private equity businesses. He has led organizations in the chemical, energy, and aerospace industries where he has proven himself an asset to Momentive Performance Materials and General Electric.
From 1996-1999, Delarge lived abroad in Hong Kong, China where he established the customer and financial support division of GE Plastic’s manufacturing expansion. Since his return to the States, he has resided in the Capital Region of New York, where his business expertise has been proven time and again by a long list of professional accomplishments.
In 1996, Steven P. Delarge was appointed the Director of Finance for GE Plastics, Greater China. During his time in China, he led the firm to $300 million revenue growth over three years by developing strategies in sales and marketing for a newly formed, local team. Additionally, he established a local customer service and finance organization that grew to 45 employees and provided superior client services. Mr. Delarge was responsible for business plans that led the way for the groundbreaking of a second manufacturing facility in China where he managed the site selection team and negotiated financial incentives with local leaders. As well, Delarge procured all the necessary documentation, permits, and licenses associated with the construction of the new plant.
From 1999-2003, Delarge acted as the Director of Planning and Analysis for GE Energy, where he was responsible for strategic planning and financial reporting. This $18 billion division of General Electric manufactured energy equipment and represented 20% of GE’s earnings. He developed tools utilized today by the leadership team to monitor business performance.
After a successful assignment with GE Energy, Steven P. Delarge shifted gears, serving as the CFO of Momentive Performance Materials, a specialty chemical business. He created 25 new finance positions and three new departments to accommodate the firm’s carve-out to private equity ownership. During this time, he developed a standalone financial team recruiting key talent to the newly established Treasury, Controller, and Internal Audit functions. As Momentive Performance grew, Delarge was promoted to VP of the Americas Division for Momentive. In this capacity, he was responsible for the marketing, sales, manufacturing and profitability of the $600 million silicone operating division.
Most recently, Steven P. Delarge led Momentive Performance Materials as the President and CEO. In his first year, Momentive delivered a 24% increase in revenue growth and a 73% increase in EBITDA earnings. He helped the firm enter the global markets through a merger with its parent company, resulting in a $7 billion dollar enterprise. Mr. Delarge also successfully negotiated $120 million in investments with China, which addressed issues found in such a highly competitive market.
Steven P. Delarge is a graduate of St. Lawrence University, earning a BS in Economics and Government. In addition to his University education, he has undergone extensive executive level training, including the GE Financial Management Program. He is a board member of the American Diabetes Association/Capital Region as well as the Southern Saratoga and Albany Chambers of Commerce.