- Push-out Score determined
- After around 11 years in the position
- Praise, thanks and good wishes for Hoechner
- Colin Gouveia taking over
- Hoechner said 77 words
(exechange) — Chandler, Arizona, November 17, 2022 — Bruce Hoechner, chief executive of Rogers, leaves his position. As announced by Rogers Corp. in a news release and in a regulatory filing published on Thursday, November 17, 2022, Bruce D. Hoechner leaves his post as chief executive officer at the specialty engineered materials company, after around 11 years in the role, effective December 31, 2022.
Bruce Hoechner’s duties as CEO will be taken over by Colin Gouveia, currently Senior Vice President and General Manager of the Elastomeric Material Solutions (EMS) business unit at Rogers Corp.
Bruce Hoechner’s move coincides with a management shake-up also involving the positions of Senior Vice President of Global Operations; and Senior Vice President and General Manager of the Advanced Electronics Solutions (AES) business unit.
“Culmination of the Board’s long-term CEO succession planning process”
The management change is explained as follows. Peter C. Wallace, Rogers’ Board Chair, said: “Colin’s appointment represents the culmination of the Board’s long-term CEO succession planning process.”
Precise information regarding Bruce Hoechner’s future plans was not immediately available.
Rogers said: “Bruce D. Hoechner, President and Chief Executive Officer, has decided to retire, effective December 31, 2022.”
Share price decline since November 2017
The announcement follows a decline in Rogers Corp.’s share price of 31% since November 2017.
In the position of CEO since 2011
Bruce Hoechner became CEO of the Company in 2011.
To support a smooth transition process, Hoechner will remain as a member of the Board of Directors and act in an advisory capacity at the Company until March 31, 2023.
Bruce Hoechner has served as the Company’s President and CEO and a director since 2011.
Previously, Hoechner worked at Rohm and Haas Company for 28 years, then The Dow Chemical Company after its acquisition of Rohm and Haas in 2009.
At both companies, he served in various executive positions, including leadership roles in Asia.
Hoechner is also a director of Curtiss-Wright Corporation.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Bruce Hoechner’s move on a scale of 0 to 10.
exechange reached out to Rogers and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 47.2022 ($).