Paul Tayler will retire as president and CEO of resin distributor Nexeo Plastics on June 24 with industry veteran Kurt Schuering taking on those roles.
Nexeo parent firm GPD Cos. Inc. announced the move June 17. Tayler will remain on GPD's board of directors.
GPD officials said Schuering has almost 30 years of plastics experience and has "a proven track record of success, making him the ideal candidate to lead GPD into its next phase of growth and innovation."
In a June 17 video interview with Plastics News, Tayler said his decision to retire was influenced by his desire to move back to the United Kingdom to be closer to his family. He added that he's worked with Nexeo "to find the right person and to get all the details sorted out."
Schuering's experience includes four years as president of PolyOne Distribution, which now operates as Formerra. He most recently was vice president of Shaw Development LLC, a sensors manufacturer in Bonita Springs, Fla.