About XG Industries

XG Industries is revolutionizing the anti-wear, friction, and extreme-pressure additive markets with our patented high-performance and environmentally friendly lubricant additives.

Our products are made in the USA, created in our state-of-the-art manufacturing and mixing facility in Stratford, Connecticut.


Mark Simonetti

Founder/Inventor, Chief Executive Officer

Mark is the inventor and patentholder of all XG Industries’ patented products. He is a second-generation engineer in the field of high pressure and cavitation mixing to form stable, uniform emulsions and dispersions. These techniques, taught to Mark by his father, are used in the manufacture of XG’s patented potent and durable friction modifers.

Mark served in the U.S. Army and participated in Operation Just Cause and Operation Desert Shield/Desert Storm. After leaving the Army, he served as a police officer in Fairfield County, Connecticut for 20 years. As the department armorer, he was assigned to review and solve the problem of repeated weapons malfunctions. This began his journey into the field of lubricants and chemical manufacturing.



Scott Bloom

Chief Operating Officer, Chief Financial Officer

Scott brings over 20 years of senior leadership experience to the company, having previously served in a number of C-level roles in the IT/Tech space, including COO, CFO, and CAO, as well as heading up corporate development and legal teams at several companies.

With a background in law, as General Counsel he helped drive a highly successful merger between Bluegill Technologies with CheckFree Holdings. He broadened his experience at Intira Corporation, with the roles of VP, Corporate Affairs and CFO. There, he and the CEO co-led the Company’s executive management team responsible for corporate strategy and operations.

Scott later joined Dictaphone Corporation with the title of Executive Vice President. He served on a three-person senior leadership team that was accountable for strategy and operations for all aspects of the business. Scott drove Dictaphone’s transformation from a legacy hardware provider to a pure play, industry-leading voice recognition company—culminating in a highly successful sale of the company to Nuance.

Scott subsequently served as SVP of Corporate Development and Chief Administrative Officer of NYFIX, Inc., subsequently acquired by the New York Stock Exchange.

Scott holds an MBA, with honors, from The Wharton School and a JD from The College of William and Mary. Scott has been married to his wife Elana since 1994 and they have one daughter and one son.

Robert (Rob) Shama

Chairman of the Board

Rob brings over 38 years of chemical industry experience to XG, including 27 years with Afton Chemical where he held the position of President from July 3013 to June 2018. Prior to taking on the role of President, Rob held the position of Chief Marketing Officer and Senior Vice President, North America where he led Afton’s global marketing initiatives while running the North American region. Rob began his career at Nalco Chemical company. Rob has had extensive experience in Corporate Strategy, M&A, Sales, Marketing, Manufacturing and Product Innovation.

Since his retirement from Afton, Rob has remained active in the Chemical Industry through various Board positions and advisory roles.

Rob is a native of Canada and is now a US Citizen having moved to the USA in 1996. He graduated in 1983, from Queens University in Kingston, with a degree in Mining Engineering. Rob has been married to his wife Bonnie since 1987, and they have 1 daughter and 2 sons.