When Paul Caprio announced he was stepping down as the head of Krauss-Maffei Corp. — the U.S. branch of German machinery company KraussMaffei — the editorial staff here at Plastics News collectively mused about where he'd turn up. Too young to retire, we jointly said. He must have something else in the works.
Then at the start of this year, everyone found out as Engel Machinery Inc. in York, Pa. — another U.S. operation of a European press maker, Engel Holding GmbH of Austria — brought Caprio in as its next leader.
One of the most interesting elements of the announcement was that Engel Inc.'s current leader, CEO Mark Sankovitch, didn't plan to retire until the end of 2021. That meant Caprio and Sankovitch would have two years to work on transition.
Shortly before coronavirus travel restrictions hit, Editor Don Loepp went to York to talk to both men about the changes, and the learning curve for Caprio.
Don's story is one of the profiles from this week's report in the print issue about CEOs in the plastics industry. Other profiles will be running online throughout this week, posted in alphabetical order.