Proto Labs Names Victoria M. Holt President and Chief Executive Officer
06 Fevereiro 2014 - 11:55AM
Business Wire
Proto Labs, Inc. (NYSE: PRLB), a leading online and
technology-enabled quick-turn manufacturer, today announced the
appointment of Victoria M. Holt as President and Chief Executive
Officer, effective today. Ms. Holt brings more than 30 years of
experience in leadership roles with Global Fortune 500 companies
across a broad range of manufacturing, chemical and materials
industries. She replaces Bradley A. Cleveland, who announced his
intention to resign as CEO on October 31, 2013.
Most recently, Ms. Holt was President and Chief Executive
Officer at Spartech Corporation (NYSE: SEH), a publicly-held,
leading supplier of sustainable plastic sheet, compounds and
packaging solutions, where she engineered a turnaround which
resulted in a 73% increase in operating earnings in just 2 short
years. The turnaround led to the successful stock/cash sale of
Spartech to PolyOne Corporation (NYSE: POL) in March 2013, at a 56%
premium when announced and ultimately a 106% premium at closing.
Prior to Spartech, she was Senior Vice President, Glass and Fiber
Glass, at PPG Industries, Inc., a leading coatings and specialty
products company. She also served in leadership positions with
Monsanto Company and its successor, Solutia, Inc. in various
management, sales, and marketing roles.
“Vicki’s track record of leading companies with large and
diverse operations while delivering profitable growth and
shareholder value makes her an excellent choice to lead Proto Labs.
We are very excited to have Vicki on Board. Her energy, enthusiasm
and management style fit well with our culture and we look forward
to her leadership as we continue to grow the business to ever
higher levels,” commented Larry Lukis, Founder and Chairman of the
Board of Proto Labs.
“Based on years of experience in technology based manufacturing
businesses, I truly understand and appreciate the unique value
Proto Labs delivers to its customers. The value proposition to
reduce time to market, , reduce risk of new product introduction
and reduce costs is incredibly powerful. Proto Labs delivers this
value with very impressive technology, operational excellence and a
full array of services for design engineers. I am excited to have
this opportunity to build upon the Company's market position
and competitive advantages to expand and broaden customer reach, as
well as drive value for Proto Lab shareholders,” said Ms. Holt.
“The established and experienced management team already in place
presents an excellent opportunity for me to quickly orient myself
to a rich history of collaboration and leadership.”
Commenting on the departure of Brad Cleveland, Larry Lukis said,
“On behalf of the Board, I thank Brad for his contributions as
CEO. His fantastic organizational and team-building skills have
made the Company what it is today, and have enabled Proto Labs to
consistently deliver value to shareholders, customers, and
partners. The Board has planned carefully for this leadership
transition and we are confident that the Company will continue
its growth momentum under Vicki's leadership. She has the
complementary experience to build on our accomplishments and
leverage Proto Labs’ strong platform in the years ahead.”
About Proto Labs, Inc.
Proto Labs is a leading online and technology-enabled quick-turn
manufacturer of custom parts for prototyping and short-run
production. Proto Labs provides “Real Parts, Really Fast” to
product developers worldwide. Proto Labs utilizes computer
numerical control (CNC) machining and injection molding to
manufacture custom parts for our customers. For more information,
visit protolabs.com.
Proto Labs, Inc.Investor Relations:Jack Judd,
763-479-7408jack.judd@protolabs.comorMedia Relations:Bill Dietrick,
763-479-7664bill.dietrick@protolabs.com
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