# Ecolab Inc.

Ecolab Inc. is a Pension Fund based in Saint Paul, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Saint Paul, United States
- **Region:** North America
- **Address:** 1 Ecolab Place, Saint Paul, MN 55102, United States
- **Founded:** 1972
- **Assets under management:** 1715 (Altss estimate)
- **Website:** www.ecolab.com

## Regulatory record

- **Reports private funds:** No

## About

Ecolab Inc. established its US Pension Plan in 1972. The plan covers employees across US subsidiaries and provides core retirement benefits. Douglas M. Baker, Jr. previously served as Chairman and CEO during a period of expansion that included the Nalco merger. The plan allocates 13.99 percent of assets to private equity. It holds direct positions in real estate including Osborn Plaza in Saint Paul and maintains a global network of offices and facilities. Confirmed holdings include the corporate headquarters at 1 Ecolab Place and a Gulfstream G550 aircraft acquired in 2012. Geographic exposure centers on North America with additional operations in Europe and the Middle East. The plan reports $1.715 billion in assets. Ecolab maintains the Ecolab Foundation, established in 1986, which has distributed more than $174 million since inception. In January 2024 Ecolab participated as a speaker at the World Economic Forum Annual Meeting in Davos on topics including water security. The firm also maintains memberships in YPO and the Saint Paul Area Chamber. The pension plan sits within a public company structure where Cascade Investment holds up to 25 percent of Ecolab Inc. shares. This ownership link creates a distinct governance overlay compared with standalone corporate plans. Service providers include PwC as auditor since 2004 and State Street Bank and Trust Company as trustee and custodian.

## Sectors

- Energy & Utilities
- Industrials

## People

- Christophe Beck — Chairman and CEO
- David W. MacLennan — Lead Independent Director
- Douglas M. Baker, Jr. — Former Chairman and CEO

## Questions

### Who runs investment decisions at the Ecolab US Pension Plan?

Investment oversight falls under Ecolab Inc. leadership with Christophe Beck as Chairman and CEO. David W. MacLennan serves as Lead Independent Director. The plan uses external providers including State Street Bank and Trust Company for custody.

### What asset classes does the Ecolab US Pension Plan hold?

The plan allocates 13.99 percent to private equity. It also maintains direct real estate holdings and public equity positions through the Ecolab Savings Plan.

### Does the Ecolab US Pension Plan make direct investments?

The plan holds direct real estate assets including Osborn Plaza and the corporate headquarters building. It also owns a Gulfstream G550 aircraft acquired in 2012.

### Where does the Ecolab US Pension Plan source its capital?

The plan is funded by Ecolab Inc. as a noncontributory defined benefit plan. Major shareholder Cascade Investment holds up to 25 percent of the parent company.

### What is the Ecolab Foundation's relationship to the pension plan?

The Ecolab Foundation operates separately as the company's philanthropic arm. It was established in 1986 and focuses on water resilience and workforce development.

### Which regions does the Ecolab US Pension Plan cover?

The plan covers US employees and subsidiaries. The parent company maintains operations across North America, Europe, and the Middle East.

### How is the Ecolab US Pension Plan governed?

The plan operates under Ecolab Inc. corporate governance. PwC has served as auditor since 2004. The structure includes an ESOP component within the broader savings plan.

## Related profiles

- [Adam Bank](https://altss.com/profile/adam-bank)
- [MCPHS University Endowment](https://altss.com/profile/mcphs-university-endowment)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/ecolab-inc

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology