Jakob Sigurdsson, the new CEO of Victrex.
Jakob Sigurdsson, the new CEO of Victrex.

Dave Hummel has retired as CEO of polyaryletherketone (PAEK) composite manufacturer Victrex after 24 years as CEO.

He is replaced by Jakob Sigurdsson who has more than 20 years’ experience in large multi-national companies, including Rohm & Haas (now part of Dow Chemical) in the US. His roles have spanned marketing, supply chain, business development, strategy and M&A, with particular emphasis on growth in new or emerging markets.

‘It is a privilege to become the chief executive of such a highly regarded global company,’ said Sigurdsson. ‘I look forward to executing on growth opportunities over the coming years for Victrex, as well as for our partners and customers.’

‘I am delighted that Jakob has joined Victrex,’ said Larry Pentz, Chairman of Victrex. With his track record of making markets and delivering growth, the board believes he is a strong fit for Victrex, as we focus on executing our polymer, forms and parts strategy over the coming years.'

The company recently established a joint venture, ‘TxV Aero Composites’, with Tri-Mack Manufacturing Corporation to support the manufacture of aerospace loaded brackets, acquired Zyex, a UK fiber specialist, and opened new composite manufacturing facilities for UD-tapes and trauma plate components.

This story is reprinted from material from Victrexwith editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.