Jonathan Fain to step down as Teknor Apex CEO

Teknor Apex has announced that Jonathan Fain will step down as CEO of the company, and will be replaced by Donald Wiseman.

For the past 51 years, Jonathan Fain has led the organisation to develop long term partnerships with the company’s suppliers and customers to build a build a strong resilient company. During his tenure, the company revenue has grown by more than 650%, expanded beyond North America to a global footprint, and completed eleven acquisitions.

Fain will remain a major stakeholder and continue serving as chairman of the board; a position he assumed from his father.

He said: “I have had the privilege and honor to lead a great company for over 50 years, and while I am not retiring, I do want to hand over the day-to-day responsibility to someone who can drive to keep the company strong, growing and build upon our culture. I am very confident in our future leadership and plans for supporting our growth, innovation, and sustainability for years to come. Don brings a wealth of experience and is an ideal fit into our company and culture.”

The new Teknor Apex CEO, Donald Wiseman, has a long history within the plastics industry and a deep expertise in masterbatches and compounding. Most recently he held the position of CEO at Star Plastics. Previously, he was the president for performance products and solutions with PolyOne, managing director and general manager in Taiwan for Cabot Microelectronics, and various leadership roles at Americhem. He will be relocating from Cleveland to work out of the Teknor Apex Headquarters in Pawtucket RI.

Wiseman said: “I am very excited to join the leadership team of Teknor Apex. What began almost 100 years ago as a small venture in Rhode Island is now among the world’s leading custom compounders. I firmly believe that people and culture are a true competitive advantage for Teknor. I will demonstrate this by removing barriers, collaborating, and rewarding performance to ambitious goals and solve the most demanding business problems, all while emerging a more robust team.”