Puraglobe Holding GmbH, a producer of base oils and synthetic motor oils from recycled sources and backed by Ara Partners and Junction Capital Partners, has named Alois Virag as CEO.
Virag succeeds Andreas Schueppel, who is stepping down after almost 20 years. Virag brings 35 years of experience in refining and petrochemicals, having played a role in scaling technologies and managing major operations across Europe, Asia and the Middle East. Virag joins from Nayara Energy, a downstream energy company and a private integrated refining and marketing company in India.