Our sister newspaper Automotive News has a report on its Web site that Frank Macher, chief executive officer of Collins & Aikman Corp., is "on the verge of resigning." The story is attributed to sources close to the company. Macher, a 30-year veteran of Ford Motor Co., came to C&A in July 2005, just after the company filed for Chapter 11 protection from creditors. Southfield, Mich.-based C&A is the No. 1 North American injection molder, ranked by sales, in our annual survey. The company has 20 injection molding plants, an estimated 560 presses, and estimated molding sales of $1.5 billion. The Automotive News story recalls how Macher "got into a high-profile spat" with Ford last year, when C&A briefly interrupted parts shipments for one shift to Ford's Fusion sedan plant in Hermosillo, Mexico. Collins & Aikman spokesman David Youngman said Macher has not resigned. Youngman declined further comment. Macher could not be reached for comment.
The Plastics Blog
Report says Collins && Aikman CEO to resign
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