Toray Plastics president and CEO retires

Toray Plastics (America), US manufacturer of precision-performance polypropylene, polyester, bio-based and metallised films for packaging and industrial applications, announces that Richard Schloesser, president, CEO and adviser to the Toray Industries’ board of directors has retired and is succeeded by Michael Brandmeier, effective today. Schloesser joined the company in 1990 and had been president and CEO since 2008.  Brandmeier most recently served the company as executive VP and COO. He will continue to be a member of the board of directors. The two leaders worked side by side at Toray for nearly two decades.

“We are deeply grateful to Rick for his many years of superb, visionary, and wholehearted leadership,” says Brandmeier. “He inspired excellence and dedication among employees and in working relationships that went far beyond the borders of Toray Plastics. Rick leaves us with a solid foundation of management tools and a rich legacy of commitment to growth, sustainability and profitability.”

“I have been extremely fortunate to be able to serve among many extraordinary people says Schloesser. “I’m very proud of what we accomplished together. As I leave Toray I know it is in excellent hands with Mike. He’s done an outstanding job during his 19-year tenure and I am confident that he is the right person to lead the company into the next stage of the company’s journey to even greater value.”