Brian Jones, one of the plastics industry's most vocal and charismatic leaders, has resigned as president and chief executive officer of Nypro Inc. Ted Lapres, previously corporate vice president and chief financial officer, has been appointed acting president, the company announced Feb. 1.
There were management-philosophy differences between Jones and Nypro's board of directors, said Nypro spokesman Al Cotton. He did not elaborate, and said he did not know Jones' future plans.
Jones, reached Feb. 1 at his home in Massachusetts, termed the parting a ``mutual agreement'' but declined to elaborate on what led to the decision - which he said did not surprise him, but which probably surprised Nypro's employees.
``I was not looking to exit, but sometimes you've got to pursue your own path. This is a very, very positive thing,'' he stressed. ``I'm very happy.''
Jones, who was in his 20th year with 50-year-old Nypro, said he planned to spend a few days vacationing in Florida and then get busy planning his future.
``I'll probably pursue a bigger opportunity. I have some abilities, and I'd like to use those abilities to my fullest. ... I have some good options.''
He said he wouldn't rule out another role in the plastics industry or a job with a smaller company, or even consulting, as long as it's a positive situation. ``I want to help a lot of people. That's my passion.''
An ardent internationalist, Jones said he would consider relocating abroad, since his kids are all grown and since ``I have a mind-set to do it. ... I spent a lot of time in China - I love it there.''
Jones said 20 years is a long time and he and Nypro had ``a great run.''
``We made a lot of individuals and employee-owners successful,'' he said. Together they created what he said he believes is the ``first billion-dollar custom molder in history.'' He said one of his proudest achievements has been extending Nypro's employee stock ownership plan to company workers overseas.
``We rolled [an ESOP] out in China three months ago. We made it happen,'' he said.
Meantime, life goes on at Clinton, Mass.-based Nypro. Lapres has been with Nypro more than 17 years and is a member of the board. Nypro's board is co-chaired by Gordon Lankton, Nypro's former owner and president, and Nick Aznoian, its former CFO.
``Nypro's senior management team will remain actively engaged in support of the leadership transition. A formal search for a new president has been initiated,'' the company said in a news release.
Cotton said the change is not related to financial performance at the employee-owned company. In the news release, the company said it anticipates ``another year of profitability and record growth in the current fiscal year,'' which ends June 30.
``Nypro is very grateful for Brian Jones' extensive service to the company over many years, and we wish him well in his new endeavors,'' Lankton said in the release.
The contract manufacturer, which has 67 plants in 18 countries, expects to break the $1 billion sales barrier this fiscal year for the first time ever.
Plastics News correspondent Roger Renstrom contributed to this report.