Akron, Ohio -- Joseph Gingo will retire from his post as executive vice president, quality systems and chief technical officer at Goodyear 31 Dec to become president and CEO of plastics and thermoplastic elastomers compounder A. Schulman Inc.
Gingo has been with Akron, Ohio-based Goodyear for 41 years, most recently as the firm's chief technical officer and executive vice president of quality systems. He's been a member of Schulman's board since 2000.
A Goodyear spokesman said Gingo's successor will be named 19 Dec. He said the change won't affect the company's product development plans. Gingo has held many positions during his tenure with the company, including senior vice president of technology and global products planning
Gingo succeeds Terry Haines, Akron-based A. Schulman's chairman, president and CEO, who is retiring.
The move comes as Schulman is under pressure from Ramius Capital Group LLC, a major Schulman shareholder, to make changes to the firm's board. Barington Capital Group LP -- another major investor -- has made similar complaints for three consecutive years, resulting in Barington representatives being named to the Schulman board. Barington's complaints also led to Schulman's November announcement that it was exploring all alternatives, including joint ventures and the potential sale of the company. Haines announced his retirement that same day.
From Rubber & Plastics News (A Crain publication)