Alan Johnson is leaving injection molder Plastech Engineered Products Inc. after a year to run a producer of roof racks and towing systems.
Advanced Accessory Systems of Sterling Heights announced Johnson's appointment as president and chief executive officer Feb. 3.
He had served as president and chief operating officer of Dearborn, Mich.-based Plastech for about a year, since the auto supplier purchased competitor LDM Technologies Inc., where he had been CEO and president since 2001.
Plastech, which has grown to an estimated $975 million in annual sales under founder, CEO and Chairwoman Julie Brown, did not respond to questions about a replacement for Johnson.
Advanced Accessory has extensive metal processing operations, but also operates 40 injection molding presses in its Sport Rack Automotive group in Sterling Heights. Sport Rack is the molder of nanocomposite exterior parts of General Motors Corp.'s Hummer H2, along with plastic and metal roof racks.
The company is owned by New York private equity group Castle Harlan. Since 1995 Advanced Accessory has overseen eight acquisitions, and it has experienced a steady climb in annual sales from $60 million 10 years ago to $360 million in 2003.
Johnson's new duties have prompted him to withdraw from the March 1 mergers and acquisitions panel discussion at Plastics News' Executive Forum in Phoenix. He has been replaced on the panel by John Bonham, president and chief executive officer of Thermotech Co. in Hopkins, Minn.
Bonham was part of the management team that joined with Boston's Audax Group to acquire the $75 million injection molder from parent Menasha Corp. in December 2003.