There's been a change at the top of GE Plastics, as Yoshiaki Fujimori has been named to replace longtime GE veteran Gary Rogers.
Fujimori, 49, currently is president of GE Medical Systems-Asia. He joined GE in 1986 and has spent most of his career in medical-related ventures. His new position is his first plastics assignment.
"[Fujimori's] track record has been one of remarkable growth and global leadership," General Electric Co. President and Chairman-elect Jeffrey Immelt said in a May 10 news release.
Rogers, 56, is being promoted to GE headquarters in Fairfield, Conn., where he will serve as a vice chairman.
In that capacity, Rogers will be one of GE's highest-ranking officials, joining GE Capital head Dennis Dammerman and NBC network chief Robert Wright as advisers to Immelt in GE's corporate executive office.
Immelt will replace GE Chairman and Chief Executive Officer Jack Welch, who will step down when GE's pending acquisition of Honeywell Inc. is completed later this year.
Rogers has been with GE for 35 years, including the past nine leading the Pittsfield, Mass.-based plastics unit.
As president and CEO of GE Plastics, Fujimori now heads a unit that posted sales of $7.8 billion in 2000, a jump of 12 percent over 1999. The unit — which accounted for about 6 percent of GE's 2000 sales total — includes market-leading positions in polycarbonate, ABS, resin distribution and plastics shape distribution.
GE Plastics also operates a film and sheet extrusion business that ranks among the 20 largest in North America, according to a recent Plastics News industry ranking.
The Honeywell acquisition will give GE a nylon resin operation that trails only DuPont in North American production. The deal also will move GE Plastics' film and sheet unit into the top 15 in North America.
GE also announced that three GE Plastics segments — silicones, superabrasives and specialty chemicals — will be combined with GE Lighting's quartz segment to form the new GE Specialty Materials unit. Silicones, superabrasives and specialty chemicals generated about $2 billion of GE Plastics' $7.8 billion sales in 2000.