Heejae Chae

Heejae Chae is the non-executive director at IP Group plc. Heejae was previously the group chief executive at Scapa from January 2009 to April 2021. Chae is credited with transforming Scapa from a 94-year-old UK industrial plc into a dynamic and entrepreneurial global market-driven company. Under their leadership, Scapa completed nine acquisitions, including four carve outs, to transform the healthcare business into a £150 million Med Devices CDMO from a £20 million materials business. In the Industrial division, Chae focused on building consumer branded products and simplified the portfolio. Heejae also consolidated excess and duplicate facilities to drive ROIC. Chae is known for their focus on cash generation, which they used to fund the restructuring, acquisitions, reinstatement of progressive dividends, and funding of pension deficits through operational cash flow. As a result of their leadership, Scapa's market capitalization increased from £24 million to £413 million.

Heejae Chae has an MBA from Harvard Business School and a BA/BS in engineering and economics from Columbia University.