Two well-known plastics industry executives in Minnesota have new positions.
Kevin Hogan has joined Hastings-based Intek Plastics LLC as CEO. He replaces Jill Hesselroth, who has been CEO for the past eight years and is retiring effective Dec. 21.
Most recently, Hogan was CEO of Diversified Plastics Inc., an employee-owned injection molder and 3D printer headquartered in Minneapolis. Hogan had succeeded DPI founder Jim Dow in 2017.
Hogan's move to Intek Plastics means that Roger Vang, DPI's long-time chief financial officer, will postpone his retirement and serve as interim CEO at DPI while the company's board searches for a permanent replacement for Hogan.
Vang, who had signaled his plan to retire in 2022, joked on LinkedIn: "Just when I thought it was safe to go back into retirement, something came up! Diversified Plastics got me again! Seriously, it is a great honor to be selected by the board of directors as the interim CEO while they find the right leader for this amazing employee-owned organization."
In Hogan's six years as CEO of DPI, annual sales doubled as the company grew organically, through acquisition and via investments in new technology.
Intek Plastics specializes in custom profile extrusion for markets including construction, lighting and hydroponics. With estimated annual sales of $60 million, Intek ranks No. 61 among pipe, profile and tubing extruders in North America, according to PN data.
The company's successful hiring and retention practices earned it the 2023 Excellence in Manufacturing Training Award from the Southfield, Mich.-based manufacturing association SME.