“It has been a privilege to serve as CEO of HB Fuller and I am extremely proud of all that we have achieved as a team over the past 12 years,” said Jim Owens, President and CEO. “With a proven value strategy, an experienced executive team and positive momentum, this is an opportune time for the company’s leadership transition.”
HB Fuller announced that Celeste Mastin, executive vice president and chief operating officer, will succeed Jim Owens as president and chief executive officer (CEO) of HB Fuller, effective December 4, 2022. Mastin will also join the company’s board of directors upon accepting the position. , replacing the retiring Owens.
“Celesta is an outstanding leader and a perfect fit for HB Fuller’s entrepreneurial, customer-focused, global culture. She brings strategic insights, leadership continuity and extensive experience in delivering exceptional results. I am confident that under her leadership the company will succeed and achieve new levels of financial and operational performance,” added Owens.
“I would like to thank Jim and the board for the opportunity to lead this fantastic company and the many exceptional team members who work at HB Fuller,” said Mastin. “HB Fuller has a rich history of innovation to create unique products to meet our customers’ most challenging needs and has become the world’s leading adhesives company. We have a winning strategy, tremendous talent and leadership, and an entrepreneurial culture that will sustain that legacy. I strongly believe in our strategy and vision, and I will focus on building on these strengths to accelerate organic growth and improve the company’s profitability to achieve our strategic goals and reach our full potential.”
“On behalf of the entire board, I would like to thank Jim Owens for his strong and tireless leadership of HB Fuller over the past 12 years and congratulate him on his retirement,” said Lee Mitow, Chairman of the Board. “Under Jim’s leadership, the company tripled both revenue and market value as the company shifted its portfolio toward more targeted, higher-growth market segments such as electronics, solar, and electric vehicles. There is no doubt that the company will continue to benefit from Jim’s indelible contribution as CEO. We wish him and his family well in the years ahead.”
“The board has every confidence that Celeste is the right leader to continue to advance our strategy and continue to move HB Fuller forward. Celeste was hired as Chief Operating Officer based on her extensive experience in leading complex global companies, as well as her qualifications and ability to fulfill the role of CEO. Her appointment is the culmination of a years-long process to identify the best candidate to succeed Jim. We look forward to welcoming Celeste to the Board of Directors and working with her to continue to implement the company’s proven strategy and further accelerate the creation of value for shareholders,” Mitov continued.
Fibre2Fashion News Service (RR)
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