CARUS CORPORATION
PERU, IL

At Carus Corporation we provide innovative quality products to help our customers solve environmental concerns. Our vision reflects a long-term commitment to serve our customers. Mr. Bye is currently a Managing Director and Partner with Morgan Stanley Private Equity in London, where he leads the group’s European activities and global efforts in industrials, chemicals, and basic materials. Before joining Morgan Stanley, Mr. Bye served as President and CEO of DyStar, GmbH, a German-based private equity-owned 1B€ leading global provider of dyes, chemicals, and services to the textile, leather, and fashion industries. Mr. Bye also provides consulting and advisory services to companies in chemicals and industrial space through his company, The Bye Group, LLC. Prior to moving into private equity, Mr. Bye spent 23 years with Air Products and Chemicals Inc. At Air Products, he held numerous positions of increasing responsibility, finally leading the $7 billion industrial gases and equipment group which represented 80% of the company’s business. His breadth and depth of experience with the company included leadership positions based in Asia, Europe, and the United States, as well as extensive representation of the firm with external constituencies in the investment community, government, and media. He is also an active investor in technology based start-ups. Mr. Bye holds both a Master of Science and Bachelor of Science in Chemical Engineering from the Massachusetts Institute of Technology, and is a graduate of INSEAD’s Advanced Management Program. He serves on several industry, corporate, and not-for-profit boards. Ms. Carus is Chairman of Carus Group Inc., a role which she has held since 2013. She served as President from 2005 until 2013 and as Chief Executive Officer from 2005 until 2016. Ms. Carus joined Carus in 1992 as European Sales Manager and returned to the U.S. in 1993 to become Director of Marketing. She was Senior Vice President of Sales and Marketing from 2001 until August of 2005. Prior to joining Carus Corporation, Ms. Carus worked for Air Products and Chemicals Inc. (APCI) from 1987 until 1992, primarily serving in commercial positions in Europe, where she had responsibility for APCI’s specialty chemicals for the German speaking regions. Ms. Carus received her Bachelor of Arts in Chemistry and Master of Business Administration, both from the University of Chicago. Ms. Carus is a Director of the American Chemistry Council, the Society of the Chemical Industry, a member of the Economic Club of Chicago, and also serves on the boards of the Canal Corridor Association, the Hegeler Carus Foundation, and Landmarks Illinois. Mrs. Carus is Founder and former Editor-in-Chief of The Cricket Magazine Group, previously published by Carus Publishing Company. Mrs. Carus was also Publisher and Editor-in-Chief of Cricket Books, a trade book line that published quality chapter books and middle-grade novels for children ages six to twelve. With Clifton Fadiman, she co-authored Mr. Carus is Chairman Emeritus and Chief Technical Advisor. Mr. Carus served (by Presidential appointment) as a member of the National Council on Education Research, which established policy for the National Institute of Education of the U. S. Department of Education. He was instrumental in establishing the International Baccalaureate North America (IBNA) in 1973 and was Chairman of the IBNA until June 1985.  Mr. Carus was also a Council member for the International Baccalaureate in Geneva, Switzerland from 1977 to 1994 and recently rejoined the International Baccalaureate Organization to help raise funds to strengthen the curricula and the infrastructure, preparing for major growth. In 2001,  Mr. Carus was named Man of the Year by the Manufacturing Technology and Management Program of the Illinois Institute of Technology. He received the national Vanguard Award from the Chemical Education Foundation in 2002, and an honorary doctorate from Illinois Wesleyan University in 2003. In 2004, Mr. Carus received the Distinguished Alumnus Award from Caltech. In 2006, he and his wife, Marianne, were inducted into the Hall of Fame by the Association of Educational Publishers, and in 2007 Mr. Carus received the SRA McGraw-Hill Lifetime Achievement Award in Education. In 2013, Mr. Carus was inducted into the Hall of Fame for Illinois Valley Community College, and received the Living Out the Vision Award from the Council for a Parliament of the World’s Religions. Mr. Carus holds a Bachelor of Science in Electrical Engineering from the California Institute of Technology in 1949, after having served from 1945-1946 in the U.S. Navy. He studied foreign languages and chemistry at Mexico City College, the University of Freiburg, Germany, and the Sorbonne, Paris. He joined Carus Corporation in 1951 as a Development Engineer and holds seven U.S. patents for his work during that period. Mr. Lorraine most recently served as Senior Vice President and Chief Financial Officer for Eastman Chemical Company, from which he retired in 2010. Mr. Lorraine began his career with Westinghouse Electric Corporation in 1963. In 1978, he joined Clark Equipment Company where he held various financial positions.  In 1980 Lorraine joined ITT Corporation as Chief Financial Officer (CFO) of the company's Fluid Technology Group, and over the next four years, he rose to the position of Chief Financial Officer of ITT's Automotive Group. In 1990, he was named president of ITT Automotive Aftermarket Group. In 1995, Mr. Lorraine joined Occidental Chemical Corporation as Executive Vice President and Chief Financial Officer. Occidental Chemical Corporation, OxyChem, is a wholly owned subsidiary of Occidental Petroleum Corporation and is a chemical manufacturer, with interests in basic chemicals, vinyls, and performance products. In addition to his finance responsibilities, Lorraine also led the purchasing, logistics, and e-business functions of the $3 billion chemical company. He held these positions until joining Eastman in 2003. A native of New York City, Lorraine graduated from New York University with a Bachelor of Science in Accounting.