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Jakob Sigurdsson.
Jakob Sigurdsson.

Victrex announced that Jakob Sigurdsson has joined the company on September 4 as CEO-designate. He will assume the position on October 1, succeeding Dave Hummel who retires after 24 years as CEO.

Larry Pentz, Chairman of Victrex, said, "I am delighted that Jakob has joined 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."

Sigurdsson has more than 20 years' experience in large multinational companies, including with Rohm & Haas (now part of Dow Chemical) in the US, as Chief Executive of food manufacturer Alfesca in Europe, and as Chief Executive of Promens, a global design and engineering company in plastic products.

"It is a privilege to become the Chief Executive of such a highly regarded global company. I look forward to executing on growth opportunities over the coming years for Victrex, as well as for our partners and customers," he said.

Headquartered in the UK, Victrex delivers a wide range of polyaryletherketone (PAEK)-polymer based materials and technologies, from new polymers to product forms such as film, piping, and UD-tape, as well as selected parts for applications that include gears and dental discs.

"Jakob joins Victrex at a good time for the business as we continue to perform well. I am greatly looking forward to working with Jakob over the coming months," said Hummel. He will retire as CEO on September 30 and remains on the Board as an Executive Director until February 2018.

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