NORWALK, CONN.—A high-ranking GE Plastics executive has resigned on each side of the Atlantic.
In the United States, Mike Luetkemeyer, GE Plastics' chief financial officer, has resigned to become CFO for Electronic Retail Systems International, Inc., an electronic retail firm based in Norwalk. Luetkemeyer, a 17-year finance veteran, has held senior financial positions in GE's aerospace and semiconductor units.
ERS Chief Executive Officer Bruce Failing Jr. said in a statement that Luetkemeyer's hiring, along with the hiring of two other top management executives, ``provides the leadership and innovation we need to make ERS the undisputed leader in wireless retail solutions.''
In Europe, Adgild Hop, who had been with GE Plastics Europe for 18 years, resigned last week from his position as automotive marketing director to become managing director of European business with Textron Auto BV in Born, Netherlands.
Textron Auto BV is a division of Textron Automotive Co. of Troy, Mich. Textron ranked first in Plastics News' 1996 survey of North American injection molders with $1.4 billion in injection molding-related sales.
Hop ``is extremely knowledgable in the European automotive marketplace and especially in the interior and exterior trim business,'' said Mike Mitchell, Textron's executive vice president of business and product development.
A source at GE Europe in Bergen-op-Zoom, Netherlands, said Hop's resignation came as a surprise because he was in line to receive a promotion in the division.
Hop, who starts at Textron Sept. 1, has been replaced by Golnar Matahari.
Hop's resignation is expected to be officially confirmed by the company in late August or early September.