Krenicki to lead GE Plastics

By Frank Esposito
Senior Staff Reporter

Published: January 27, 2003 6:00 am ET

Related to this story

Topics In Print

For the second time in less than two years, there's been a change at the top for GE Plastics.

This time, 19-year GE veteran John Krenicki has replaced Yoshiaki Fujimori as the unit's president and chief executive officer. Fujimori, who had led Pittsfield, Mass.-based GE Plastics since May 2001, will move to a similar position at GE Asia.

Krenicki most recently served as president and CEO of GE Transportation Systems. He joined GE in 1984 and spent most of his first 13 years in its plastics and silicones businesses. Krenicki, 40, inherits a unit that saw profit tumble 28 percent to $843 million in 2002 as sales stayed flat at about $5.2 billion. In 2002, GE Plastics represented about 4 percent of sales and 6 percent of profit for parent General Electric Co. of Fairfield, Conn.

``John Krenicki returns to [GE] Plastics with more than a dozen years of experience in this industry, that is now facing some of its toughest pricing and technology challenges in decades,'' GE Chairman and CEO Jeffrey Immelt said in a Jan. 24 news release.

``I am confident [Krenicki] will help GE Plastics customers meet their changing needs around the globe, and allow GE to continue as a global leader in this business,'' Immelt added.

GE Plastics ranks as one of the world's largest makers of polycarbonate, ABS and other specialty resins.

The unit also includes resin distributor GE Polymerland, plastic shapes distributor GE Polymershapes and GE Plastic Structured Products, which ranks as one of North America's largest film and sheet extruders.


Comments

Krenicki to lead GE Plastics

By Frank Esposito
Senior Staff Reporter

Published: January 27, 2003 6:00 am ET

Post Your Comments


Back to story

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events