Toray Names Schloesser CEO

Toray Plastics (America) Inc. recently announced that Richard Schloesser has been named its chief executive officer (CEO), effective immediately. Company officials say Schloesser is the first American to be appointed to its highest-ranking position. He succeeds Kojiro Maeda who is returning to Toray Industries in Japan to assume the role of deputy general manager, Films Division.

Schloesser most recently served as president and chief operating officer (COO) for Toray and he will retain the title of president. He began his tenure with Toray Plastics (America) Inc. in 1990 as a sales and marketing manager for its Torayfan division, where he rose to the positions of vice president of sales and marketing, senior vice president of sales and marketing, executive vice president, and president and COO. Prior to joining the company, Schloesser was with ExxonMobil.

Schloesser is now in charge of total management of Toray Plastics (America) Inc., including the Torayfan® Division (PP), Lumirror® Division (PET), and PEF Division (olefin foams) and all of their supporting functions. In addition, he will continue to oversee the company's expansion of its packaging-film business in eastern and western Europe and will act as an adviser to Toray Industries' board of directors.

"Rick's [Schloesser] leadership over the years has enabled Toray Plastics (America) to achieve outstanding results, including continued growth," says Kojiro Maeda, former chairman and CEO. "The company is in very good hands with Rick."

Toray Plastics (America), Inc., is North America's only manufacturer of value-added, precision-performance polyester (PET) and polypropylene (PP) film.

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