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Posted 11 May, 2023

PREFORMED LINE PRODUCTS CO appointed new CEO

CEO Change detected for ticker Nasdaq:PLPC in a 8-K filed on 11 May, 2023.


  On May 9, 2023, the Board of Directors of Preformed Line Products Company (the "Company") announced that J. Ryan Ruhlman has been elected as President of the Company. Robert G. Ruhlman, Chairman of the Board and CEO, held the President title from 1995 to 2023.  

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Overview of PREFORMED LINE PRODUCTS CO
Industrial Goods • Industrial Products
Preformed Line Products Co. engages in the provision of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators, information, and other similar industries. It operates through the following geographical segments: PLP-USA, Americas, EMEA, and Asia-Pacific. The PLP-USA segment is involved in manufacturing traditional products primarily supporting domestic energy, telecommunications, and solar products. The Americas, EMEA, and Asia-Pacific segments focuses on supporting energy, telecommunications, data communication, and solar products in each respective geographical region. The company was founded by Thomas F. Peterson in 1947 and is headquartered in Mayfield Village, OH.
Market Cap
$647M
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PREFORMED LINE PRODUCTS CO by TradingView
Relevant filing section
ITEM.5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF

 DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY

 ARRANGEMENTS OF CERTAIN OFFICERS.


On May 9, 2023, the Board of Directors of Preformed Line Products Company (the "Company") announced that J. Ryan Ruhlman has been elected as President of the Company. Robert G. Ruhlman, Chairman of the Board and CEO, held the President title from 1995 to 2023. This appointment will take effect on May 9, 2023. 

Mr. Ryan Ruhlman, age 40, has been employed by the Company since January 2002 and has worked in various roles in Research and Engineering, Manufacturing, and International Operations. He was promoted, in December 2015, to Vice President, Marketing and Business Development where he was responsible for Special Industries, Distribution and Transmission Markets, as well as Marketing Communications. Prior to that, he was promoted to Director, Marketing and Business Development in January 2015, which included responsibilities for Special Industries, Distribution and Transmission Markets, as well as Marketing Communications. As President, Mr. Ryan Ruhlman's responsibilities shall expand to include the responsibility for the America region, as well as Corporate Human Resources, and consolidating the Company's Global Business Development team. 

There are no arrangements or understandings between Mr. Ryan Ruhlman and any other person pursuant to which Mr. Ryan Ruhlman was appointed to serve as President of the Company. Mr. Ryan Ruhlman currently does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. At this time, the Company does not have any written employment agreements or other formal compensation agreements with Mr. Ryan Ruhlman. 

Mr. Ryan Ruhlman has been a director of the Company since 2016 and is the great-grandson of the founder and the son of the Chairman of the Board, CEO and former President, Robert G. Ruhlman and brother to Maegan A. R. Cross, a director of the Company.