Milacron Holdings Corp. said April 13 that its president and chief operating officer, Ronald Krisanda, will resign at the end of June.
Milacron also announced the company is having another stock sale. Milacron’s private equity majority owners, along with board members and executive officers, are selling stock. Milacron also did a secondary stock in February.
Milacron, based in Blue Ash, Ohio, began trading on the New York Stock Exchange in 2016. Its largest shareholder is CCMP Capital Advisors LLC.
Milacron said Krisanda “will resign from his position of president and chief operating officer, effective June 30.” Krisanda could not be reached for comment, and the company did not give additional information.
Krisanda took the position at the largest U.S. plastics machinery manufacturer in 2013. He had been COO of another CCMP-owned company, Edwards Group, a British maker of vacuum pumps and abatement systems.
Meanwhile, Shawn Reilley has been named Milacron's president, advanced plastic processing technologies. Reilley was vice president and general manager of injection presses.
Milacron filed for a stock sale with an S-1 dated April 17. Not listed in any of the forms: The amount of shares to be sold, or the date of the planned stock sale.
Milacron is set to release its first quarter of 2017 results on April 27.