After a three-month search, the board of Mannesmann Plastics Machinery AG has named William R. Carteaux as the new top executive of injection press maker Van Dorn Demag Corp.
Van Dorn Demag announced the move June 26.
Carteaux, who joined Van Dorn Demag four years ago and served as vice president of sales and marketing, will move up July 16 to become chief executive officer, replacing William G. Pryor.
Pryor, who joined Van Dorn Demag in 1989, in March announced his plans to retire.
MPM decided to promote from within, which Carteaux said should mean a smooth transition.
``There will be no breaking-in period that is often associated with an executive from outside the company,'' Carteaux said in a news release. ``I already know the history and capabilities of the company and its people, of what we've accomplished and how we can build on those successes.''
He said the Strongsville, Ohio, firm will move quickly to emphasize new product development, expand services and improve customer-focused activities.
Carteaux has 18 years of experience in executive-level management, sales and marketing, product development and financial analysis positions, including a dozen years at plastics machinery manufacturers.
From 1991-98, he headed Autojectors Inc., a maker of vertical injection molding presses. In 1998, Carteaux joined Van Dorn Demag as vice president of marketing. A year later he was named vice president of sales and marketing.
Now he takes the reins of Van Dorn Demag at a difficult time for plastics machinery. U.S. shipments of injection presses plunged 44 percent in 2001, from 2000 levels.
``Though the industry has been down for the past 18 months, we've begun to see some positive trends in the market,'' he said.
Van Dorn Demag shipped its first injection molding machine in 1945. In addition to the main injection press assembly plant in Strongsville, the firm runs two machining plants in South Carolina, in Duncan and Fountain Inn.
As CEO, Carteaux will serve on Munich, Germany-based MPM's executive group board and the Van Dorn Demag board.
Carteaux also is active with the Washington-based Society of the Plastics Industry Inc. He is vice chairman of SPI Strategic Management Group III, serves on the SPI Machinery Division board and chairs the NPE 2003 finance committee. He is past chairman of SPI's standards development committee for vertical presses.