Blue Ash, Ohio — John Gallagher, Milacron Holdings Corp.'s chief operating officer of melt delivery, controls systems and fluid technologies, will resign from the company effective May 15.
The Blue Ash-based machinery manufacturer announced the news in an April 15 filing with the U.S. Securities and Exchange Commission.
Gallagher joined Milacron in 2014, taking on the newly created role. He was responsible for the Mold-Masters hot runner business, DME mold bases and components, Cimcool fluids metal cutting, and the internal company services as finance, human resources, legal and information services.
Gallagher had served as a member of Milacron's board of directors as chairman of the audit committee since August 2012.
Milacron's SEC filing did not give details about why Gallagher is leaving. But the filing said Gallagher “has been instrumental in assisting with the company's plan to move from private to public status.”
In Milacron's March 18 proxy filing with the SEC, the company reported that Gallagher had 760,646 shares of Milacron stock. Milacron began trading on the New York Stock Exchange in mid-2015. His shares would be worth $12.5 million, at the closing price of $16.42 per share when trading ended April 15.